4 ms·
Note that this is an argument for sending your child to college. It is not an argument for sending more children to college. A large portion of what makes a col
by ThrustVectoring 8y ago
Note that this is an argument for sending your child to college. It is not an argument for sending more children to college. A large portion of what makes a college degree valuable is that companies preferentially allocate white-collar jobs to college graduates. The marginal college graduation merely exacerbates this positional advantage, rather than generating more white-collar jobs to allocate.
- dragonwriter 8y ago> The marginal college graduation merely exacerbates this positional advantage, rather than generating more white-collar jobs to allocate. I'm pretty sure the market clearing quantity of college-educated labor increases with supply just like most goods and services, so, yes, the marginal college graduation should increase the number of white-collar jobs (and reduces rather than exacerbates the positional advantage, because in addition to increasing market clearit quantity, increased supply reduces market clearing price.)
- ThrustVectoring 8y ago>the marginal college graduation should increase the number of white-collar jobs I'm arguing that this degree-required job isn't created ex-nihilo, but rather at the expense of the "best" job that used to not have a degree requirement. In other words, the average price of hiring a college graduate goes down because we're now hiring them as daycare workers and firefighters, and the positional advantage of a college degree now includes eligibility for these jobs.