3 ms·
The high tech/high income areas in the US are behaving a lot like this. There is a focus on getting into elite colleges and it propagates all the way down the s
by babesh 5y ago
The high tech/high income areas in the US are behaving a lot like this. There is a focus on getting into elite colleges and it propagates all the way down the system to preschool. As you alluded to, this makes it very expensive. People have maybe 2 and sometimes 1 kid… definitely below replacement level.
The one difference I have noticed is that some of those Asian countries are more extreme in that more people choose to not have kids and more people choose to have only one kid instead of two.
- bobthepanda 5y agoThe nice thing is that at least having started out on this path in the US, it is fairly easy to opt out and have good incomes. I didn't get into any of my Ivy first choices and ended up going to a mid-tier state school and still wound up living well, except without the massive private debt burdens of my peers. This is different from South Korea or most of East Asia. South Korea's unemployment rate among graduates is pretty high and underemployment even higher, because the system is producing too many university graduates. From Wikipedia: > As of 2007, 80% of college graduates were job seekers while only 30% of jobs demand highly educated workers.[7] With the recent overabundance of high school and college graduates,[8] the requirements of the labor market mismatch the skills provided by the education system.