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Market signals can't go backwards in time so I feel like everyone replying is looking at this the wrong way. The learning here is that some fraction of new vers
by silverpepsi 6y ago
Market signals can't go backwards in time so I feel like everyone replying is looking at this the wrong way. The learning here is that some fraction of new versions of this gentleman or lady xupybd will have a stronger market incentive to not go to the trouble and risk and just go for the guaranteed $20/hr making more competition for the $20 hr no education jobs. Maybe the higher IQ people will push average teenagers out of such jobs. Finally the market will equalize when the supply for 4 year degree jobs drops and they are forced to increase the pay.
- xupybd 6y agoExactly this. I was working low wage jobs 6 days a week. That made me realize I couldn't support a family living like that. I went and got an engineering degree. I'm not sure I would have done that now.
- throwawayfrauds 6y agoIf the pay was the same, would you seriously rather work at McDonald’s than at an engineering job? That seems unimaginable to me.
- xupybd 6y agoMaybe not McDonald's but something outside with very little responsibility and a bit of exercise would be nice. Don't get me wrong I love to code and would probably find my self doing that again but every crunch time of an unrealistic deadline that had nothing to do with the effort required to complete the project has me fantasizing about spending six months in the summer picking fruit.