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Working on the side was a big factor why people put less time into their studies. As waiters, in jobs actually relevant to their degrees (especially engineers),
by t_mann 4y ago
Working on the side was a big factor why people put less time into their studies. As waiters, in jobs actually relevant to their degrees (especially engineers), or administrative jobs in companies. I couldn't really name any way how that would have hurt the economy or the universities. But the US economy has been and is far more dynamic, so maybe it does have some impact.
- granshaw 4y agoDoubt that has anything to do with the dynamism of the US economy - that’s all due to the US being much more business friendly, market size, few employer regulations, immigration, cultural values around entrepreneurship and dreaming big, a more level playing field, etc
- ajmurmann 4y agoI think there are lots of reasons the US economy is more dynamic, but I don't think expensive university is it. Hiring and firing is easier/faster. More freedom for businesses in general. The rural area in Germany where I grew up in had no McDonald's because you somehow need permission from existing businesses to open a competitor. I don't fully understand this, but would lose all composure if this craziness were to stop me from opening a business. It's also easy to underestimate the massive boost that comes from a huge, trustingly homogenous market. I build a web app business in the US and there are 350 million customers right there. No need to translate into a bunch of languages, advertise in a bunch of languages. Regulations between states might differ, but there usually are solutions already in place because so many businesses have the cross-state issues (taxes or whatever).