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i agree that the swirl of complex factors that go into GPA and Income are difficult enough to pull apart that you can't select a single one and describe it as a controlling facet.
what you are missing i think is that despite the fact that both income and GPA are the result of the interaction of these indescribably complex factors, for some reason when we discuss grades we do so from the assumption than they are the product of the student and belong to the student to direct as he sees fit, whereas many seem to discuss income from the assumption that they are the product of society and belong to society to direct as they see fit.
Then you make the assumption that I see them this way. I do not. I see both as a product of complex factors from both the individual and society.