5 ms·
It is the same way the market has always been, everyone always want to pay the best bang for the buck. Back then college dropout is the best bang fror the buck,
by matz1 7y ago
It is the same way the market has always been, everyone always want to pay the best bang for the buck. Back then college dropout is the best bang fror the buck, not many people has college degree. Now more people has college degree, why would company hire someone without degree if they can good hire those who has?
- pingyong 7y agoThat's kinda dodging the issue though. Is the market still functioning with the same principles it always has? Yes, absolutely. But where does a market where employers generally have more resources and power than employees (even if it's just a little bit) necessarily slowly gravitate towards? A market where prospective employees try to qualify as much as possible to stand out (whether that is actually required or useful for the job doesn't matter, what matters is that it increases the likelihood of getting hired), and in a world where you can essentially "buy" qualification for a lot of money, and go into debt for that money, that results in a lot of (often unnecessary) debt.