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What happened to student loans? I don't see that mentioned, yet you'd think the main reason people pick a high paying job with good fallbacks is to be able to s
by lordnacho 7y ago
What happened to student loans? I don't see that mentioned, yet you'd think the main reason people pick a high paying job with good fallbacks is to be able to service the loan. Same reason why we don't get more people taking a chance and starting a new business.
I also get the feeling there's an issue with skills recognition. Everyone has a lot of paper saying they know machine learning or finance, but very few people are confident they can identify someone who actually knows these skills. So we fall back on credentialism, and every job seeker knows that, and acts accordingly.
You can't say "tech" is where innovation happens, that's a tautology. Technos actually means new stuff. If I invent a new horse carriage, I've created new horse carriage tech. What might be more of a question is why software, or why batteries, or why mobile phones.
- Kalium 7y agoI think you've definitely hit on part of it. People want to pay off those loans. That said, a high-paying job can pay off your average student loan (~$31000) in 5-7 years without too much grief. What comes next tends to be that people find they like the lifestyle enabled by a low risk high income.
- gowld 7y agoA high paying job can pay off off $31K in 1-2 years.