4 ms·
This would likely just lead to oversupply of in demand fields and schools creating shoddy majors. If everyone with a psych major switched to comp sci tomorrow
by lumost 5y ago
This would likely just lead to oversupply of in demand fields and schools creating shoddy majors.
If everyone with a psych major switched to comp sci tomorrow one of two things would happen.
1) we’d have more engineers than we’d know what to do with - wages would collapse and companies would stop trying to conserve engineering time. Innovation would slow and we’d head back towards the days of J2EE etc.
2) universities would create fake versions of the majors that are guaranteed, but easy to pass and unlikely to lead to employment.
- mc32 5y agoPresumably as CS or engineering oversupplied the market, loan guarantees would be removed and other majors in higher would get a boost instead.
- lumost 5y agoOversupply affects the current marginal negotiation power of employees. By the time loan guarantees are removed there can be massive gluts of workers who are locked into loans they can’t repay.
- mc32 5y agoIt couldn’t be worse than what we have now with kids going into dead end degrees and coming out loaded with debt that they can’t unload.