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It used to be the case that even if you took out massive student loans to attend elite schools, at least the in-person experience and networking opportunities w
by xwdv 6y ago
It used to be the case that even if you took out massive student loans to attend elite schools, at least the in-person experience and networking opportunities would be worth it.
Now you don’t even get that. You get some bullshit online instruction that is little more than a glorified MOOC, and when you finally graduate, you have to compete for remote jobs with people from all across the country, and get outbid by people with the same skills as you but willing to work for peanuts because the cost of living in their area is practically negligible.
Meanwhile, you have to keep paying for that massive student loan for most of your life with cash flow that comes in well below your expectations, wrecking your ability to save money and making retirement a distant fantasy that is about as probable as the dreams people have of becoming multi-millionaires.
This should be an outrage, but no one will care. This will be the generation that takes it on the chin.
- hinkley 6y ago> and get outbid by people with the same skills as you but willing to work for peanuts More like: underbid by people whose skills are indistinguishable from yours. This is the same problem we've always had with remote work. As was explained to me, your salary is paid by someone who can't decide what your value is. If you don't know what something is worth, or in fact for, you might as well get the cheap one.
- naveen99 6y agoNetworking doesn’t have to be in person. Facebook, twitter, linkedin, even hn work also. Facebook even started by facilitating intra college networking.