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I don't know why people pay for degrees. I never bought one, and I never had a problem with opportunity in my life as a consequence. Imo, the bottom needs to dr
by brighton36 7y ago
I don't know why people pay for degrees. I never bought one, and I never had a problem with opportunity in my life as a consequence. Imo, the bottom needs to drop out of this market.
- mattwest 7y ago"I don't know why people pay for degrees" Because some pursuits in life require them. What about someone who wants to pursue genetics or molecular biology? Those are essential fields that provide things like healthcare and food security.
- brighton36 7y agoYeah, I get that. Those people seem like a minority of the degrees. But even there, I suspect there's probably creative paths through the bureaucracies that don't involve degrees, or push the degree costs onto employers.
- mLuby 7y agoThe "bottom dropping out" means at minimum a great depression, quite possibly wide-scale violence. Economists almost always hand-wave away the financial (let alone human) cost of forcing people can switch jobs or careers, then complain people are "irrational actors." I assume they do this because economists are actually bad at economics and so should find jobs more suited to their aptitudes.
- brighton36 7y agoSure. The fat has to get trimmed. Short these loans I suppose, if you want to make money during the depression.
- ben_w 7y agoWhat is your advice for the people who are defaulting on the loans because they don’t have enough money to pay them never mind short them? Remember that previous examples of people rioting over poverty has included literally beheading the rich, en-masse, in a fundamental change of the nature of national governance.
- zajd 7y ago> Remember that previous examples of people rioting over poverty has included literally beheading the rich, en-masse, in a fundamental change of the nature of national governance. I'm in