5 ms·
You can watch a lecture from anywhere with a cell phone. Those books could be easily distributed digitally. With enough effort, even copyleft. College is in se
by all_blue_chucks 7y ago
You can watch a lecture from anywhere with a cell phone. Those books could be easily distributed digitally. With enough effort, even copyleft.
College is in serious need of disruption. Most degrees add little value compared to their current cost. But the cost doesn't have to be so high.
- adrr 7y agoHow much is a public college? 10k to 15k a year?
- all_blue_chucks 7y agoAt least, plus books, supplies, fees, mandatory on-campus housing, etc.
- WalterGR 7y agoMost degrees add little value compared to their current cost. What are your definitions for "most degrees", "value", and "cost"?
- all_blue_chucks 7y agoWe are talking about dollars here. Cost to get a degree vs. premium degree holders command for their labor.
- deleted 7y ago[deleted]
- WalterGR 7y agoIs it true that for >50% of degrees, the cost of getting the degree exceeds the lifetime pay increase of having it? Is there a citation for that?
- all_blue_chucks 7y agoWhy would anyone else have to provide a citation for your own claim?
- WalterGR 7y agoSorry, I'm not sure what step I messed up on? 0. "Most degrees add little value compared to their current cost. We are talking about dollars here. Cost to get a degree vs. premium degree holders command for their labor." (initial text) 1. Most degrees add little [premium degree holders command for their labor] compared to their current cost. (textual substitution) 2. Most degrees add little premium degree holders command for their labor compared to [cost to get a degree]. (textual substitution) 3. Most degrees add little premium [that] degree holders command for their labor compared to [the] cost to get a degree. (add connecting words) 4. Most degrees add little premium that degree holders command for their labor compared to the cost to get [that] degree. (clarify "a degree") 5. [>50% of] degrees add little premium that degree holders command for their labor compared to the cost to get that degree. (definition)
- all_blue_chucks 7y ago> the cost of getting the degree exceeds the lifetime pay increase of having it Your words; not mine.
- musicale 7y ago"After adjusting for inflation and the time value of money, the net cost of college is negative $500,000, roughly double what it was three decades ago." https://www.nytimes.com/2014/05/27/upshot/is-college-worth-it-clearly-new-data-say.html https://www.nytimes.com/2014/05/27/upshot/is-college-worth-i... This is a reference for college being a net win to the tune of $500K. The interesting bit is that it's largely because the wages of high school graduates have greatly eroded.
- musicale 7y ago"Men with bachelor's degrees earn approximately $900,000 more in median lifetime earnings than high school graduates. Women with bachelor's degrees earn $630,000 more." https://www.ssa.gov/policy/docs/research-summaries/education-earnings.html https://www.ssa.gov/policy/docs/research-summaries/education...
- newguy1234 7y agoCompletely agree and I think it will happen. At the very least we need an alternative path to get a university level education. My idea of how it will be replaced: All learning will be done online and by independent organizations which could range from small time publishers to even people on youtube creating courses. Students will self-study or use other methods to learn. Each discipline will have its own certification. If you want to display your knowledge of xyz subject then you get that certification and employers will hire people based on their collection of certifications. Employees could build up their certifications as they progress in their career, life-long learning. The entire system will be more or less free-market based but overtime I could see dominant organizations taking most of the market. The strongest will rise to the top. You can already see this happening in high-demand fields like tech where you have these "code camps" springing up and then all the little certifications being offered by google, amazon and so on. My vision is this type of system will become the dominant way to obtain specialized skills. Traditional education will have to compete within this system.
- colinmhayes 7y agoCollege is mostly signaling. In tech it is easy enough to have rigorous job interviews and do away with signaling, but most professions aren't able to do that.
- musicale 7y agoCurrently that signaling is very valuable. The earnings gap between high school graduates and college graduates is apparently larger than it has ever been. However, universities and banks have figured out how to eat up much of that value by saddling students with debt that can take decades to pay off.