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The class analysis is right, but the economic one is a bit bonkers. 1. The people with college degrees are also debasing their own degree by pushing for more c
by Ericson2314 7y ago
The class analysis is right, but the economic one is a bit bonkers.
1. The people with college degrees are also debasing their own degree by pushing for more college, not just marginal college grads. That's not self-interest, just naivite.
2. As others said, college is vastly overrated. The author gets that there is diminishing returns for new college grads, but doesn't see we are already getting little bang for buck because there is a shortage of non-bullshit jobs, and what work doesn't demand society fails to teach.
3. Author should spend time with the UBI crowd. Contrary to the popular imagination amoung guilty costalites of emasculated coal miners having to find a new line of work, actua poor people understand work is not dignifying and their is no shame in UBI (even if they think there is shame in means-tested welfare!) It's the rich Democrats who cling to education who regurgitate the dribble they were told about work being meaningful.
Gah, the author is sooo close to getting it. Just need to combine with something like https://medium.com/@alexhowlett/introduction-to-consumer-monetary-theory-78905b0606ca https://medium.com/@alexhowlett/introduction-to-consumer-mon... and they'll be there.