[Disclaimer: I'm part of that 1% she is talking about, since I'm tenured faculty in Mathematics at University of Washington, with "Harvard" on my resume due to my first job being there. http://wstein.org ] The author says: "The most prestigious universities – the Ivy League, University of Chicago, Stanford University, the University of California system – tend to lie in the most expensive parts of the country. Even w…
I can tell you growing up from a small high school without any prestige there was very much a hard cap on how many students from our school a Harvard(or other top institutions) would except. To the point where top students would bargain with each other about which schools to apply to so they didn't steal someone else's acceptance offer on a 3rd choice etc.
Secondly, the tech world has been a glaring example of while one can use Harvard's selections as a signal to find talent, there are many, many, many exceptions to that rule. And your comments are quite sad to read in light of that new information.