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For example, 44% of all STEM degrees (Science, Technology, Engineering, and Mathematics) are going to foreign nationals, who comprise only 10% of all students s
by wumi 19y ago
For example, 44% of all STEM degrees (Science, Technology, Engineering, and Mathematics) are going to foreign nationals, who comprise only 10% of all students studying domestically, yet that number is not reflected in the world-wide distribution of wealth.
As the average person becomes more educated, there are and will be other barriers to wealth (isn't it not what you know, but WHO you know?)
In fact, I would say Y Combinator recognizes and institutes those very principles: offering potential participants a network of expertise, mentoring, and access to venture capitalists the recipe for success doesn't seem to be based on education, or knowledge, but on wealth, and the proximity to that wealth.
If you look at all these recent tech-made millionaires, one thing is strikingly similar: they knew someone wealthy who chipped in large amounts of cash.
Do you think a Ph.D, or even a guy with a bachelor's half-way across the world will have access to this wealth (monetary or otherwise)?
I don't think so.