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Comment by jdhopeunique

"College grads do better then those who did not went to college..."

This is simply selection bias or survivorship bias:

https://en.wikipedia.org/wiki/Selection_bias

"They do worst then grads of previous generation though"

Again, selection bias. Currently everyone except a limited few are encouraged to go to college therefore the effect of selection bias has weakened over time and current grads don't do as well as grads of generations past.

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