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There is another facet to this equation. Think about an investment banker. The skills an investment banker learns in college are largely irrelevant to his job.

There is another facet to this equation. Think about an investment banker. The skills an investment banker learns in college are largely irrelevant to his job. One could say that his degree was entirely a waste of time, yet in order to qualify for a job in investment banking you need to go to a prestigious school and excel. I see many spaces where education is largely irrelevant and functions only as a filter to reduce the supply of people who are qualified for a job.

anonymous5133 9y ago
That structure won't last into the future. Investment banking is already being disrupted through blockchain ICOs and similar stuff like that. More and more people are just using index funds so there is no need for an investment professional anymore. There will always be the goldman sachs and similar firms but how much people do they really employ?
- tonypace 9y ago
  The point is not solely related to investment banking. Education as social signaling will not be disrupted by the blockchain.