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> Giving people money earmarked for education doesn't lift them out of poverty, because education is just a relative advantage in the job market.* A rising tide
by mrep 5y ago
> Giving people money earmarked for education doesn't lift them out of poverty, because education is just a relative advantage in the job market.* A rising tide does not lift any boat's level relative to the water.
Not true. Every single software team I have worked on wanted to hire more workers but when they are paying me $350K a year, it limits how many people they can hire. If you doubled the supply of SWEs, you'd probably have 2 175k jobs instead of the one.
- DarylZero 5y agoYou can't double the supply by giving people more money for education. You still have the same number of people being bid for, no matter how many people get educational funding.