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My understanding of the argument of The Case Against Education is different. "Signaling cheaply" is a difficult problem because cost is part of signal. Consider
by sanxiyn 4y ago
My understanding of the argument of The Case Against Education is different. "Signaling cheaply" is a difficult problem because cost is part of signal. Consider: can people signal more cheaply instead of buying expensive wedding rings?
Rather, the argument is that while wedding rings would always be somewhat expensive, currently it is too expensive because purchase of wedding rings is subsidized by public tax. So public subsidy of wedding rings should stop. Then it would be as expensive as needed to signal, instead of being crazy expensive, and public money won't be wasted.
- crackercrews 4y agoCost is an intrinsic part of the signal for diamond rings because the signal is "I care about you so much I will spend lots of money to prove it". But for job-readiness, the signal does not have to be costly. It could be accomplished with tests. That would prove ability. It would be harder to prove grit or endurance. But compensation packages could be adjusted to filter out people who are less likely to stick around.