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>The state gets more taxes from your higher-paying job. That's if you accept the higher-education-as-training model. Under the higher-education-as-signaling mo
by ThrustVectoring 9y ago
>The state gets more taxes from your higher-paying job.
That's if you accept the higher-education-as-training model. Under the higher-education-as-signaling model, the primary effect of education is to choose how to allocate a fixed set of high paying jobs. If there's 100 slots for new lawyers this year, then the difference between sending 150 and 151 students through law school is an additional unemployed lawyer.
- moomin 9y agoThere's a case to be made for that in particular professions, and there's no way the state should be funding the dodgy law colleges that have sprouted all over America. But then, if you subscribe to that model you should also believe that you should be able to disavow education loans in the event of bankruptcy.