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>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 d
by 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 agoBut there are already more applicants than jobs. Labour is a buyer's market at the moment.
- gozur88 9y agoRight, 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 agoWell, 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).