5 ms·

Above and beyond that, and to crib on one of the grandparent comments re: "Eventually, demand will decrease if prices continue increasing": If the minimum barr

• gozur88 9y ago
  >The only way you're going to change demand is if decent jobs start being created that don't require a bachelor's degree. And I don't see that happening... I do. At the lower end, if employers can't afford to pay people enough to make their loan payments, they'll start hiring people without debt.
  • lmm 9y ago
    But there are already more applicants than jobs. Labour is a buyer's market at the moment.
    • gozur88 9y ago
      Right, but people with loan payments can't take jobs that won't allow them to make the payments. If they can't take those jobs, the jobs will go to people without degrees.
      • ethbro 9y ago
        Well, a bit more than 10% are, based on the student loan delinquency rate. The worry I have is that if the automation worries are born out, then you're going to have an inflexible debt loan (student loans) meeting a market that offers fewer jobs (due to automation).
• strommen 9y ago
  Electricians, plumbers, etc. all make very good money without 4- year degrees. But nobody aspires to these professions nowadays - everybody assumed they must go to university.
  • prostoalex 9y ago
    New Zealand has a reasonable education system where tertiary vocational education is treated on par with a two-year degree, meaning one can still be a professional and then spend just two extra years to achieve a college diploma, if they so desire.
  • fivestar 9y ago
    But it's not about "making very good money"--you look at who runs the country and it's a tiny few who attended a select group of institutions. It makes the whole "American Dream" concept a huge lie. But you can't tell a kid "you'll never be a CEO" but chances are if their father isn't one and they don't go to a big name school, they truly will never be one. Everything about our country is one big lie.
    • exclusiv 9y ago
      The American dream isn't about becoming C-level or running the country. College is oversold but the American Dream is alive if you go to a cheap school and buy a house in a smaller city or burbs. There are plenty of great cities and emerging ones with jobs and reasonable cost of living. However, if you choose to buy crap you don't need and succomb to debt, that's not America's fault. That's yours. But yes it's dead in LA, NYC and SF. You have to be a top performer there. But that's just supply and demand. Nobody owes you the American Dream in those cities. You aren't entitled to it.
      • vkou 9y ago
        > There are plenty of great cities and emerging ones with jobs and reasonable cost of living. Which cities? How long will it be until they too turn into LA, NYC, and SF (While being surrounded by oceans of hopelessness and poverty)?
• matheweis 9y ago
  It may not be happening at scale, but it is certainly happening already in tech...