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I think this relationship might be a bit backwards. Easy credit made it so demand for degrees outstripped capacity. Schools raised prices to meter demand. At t
by legitster 4y ago
I think this relationship might be a bit backwards.
Easy credit made it so demand for degrees outstripped capacity. Schools raised prices to meter demand. At these increased prices, schools felt compelled to invest in programs and administration.
Also, as I understand it, the accreditation process is pretty broken in the country. Whatever the top programs are doing becomes the benchmark for everyone else to match. So it's a never ending treadmill to keep up.
- bumby 4y agoDon’t employers have a contribution to this as well? There’s many positions that don’t really need college degrees yet list them as a requirement. I feel if people could get gainful employment without college, demand would fall.
- pas 4y agohuman resources (and the labor market, and the whole employment culture in general) in the US is very suboptimal :/ a lot of cultural differences (and other historic path dependencies) led to using degrees and other signals for hiring instead of actual performance. even by-definition woke (and I'm not using it pejoratively here) employers have trouble letting go of their mindless credentialism. https://twitter.com/mattyglesias/status/1539188973553299457 https://twitter.com/mattyglesias/status/1539188973553299457 [audio version seems non-paywalled https://curio.io/publications/matthew-yglesias/matthew-yglesias/why-progressive-organizations-have-become-so-vulnerable-to-staff-meltdowns https://curio.io/publications/matthew-yglesias/matthew-ygles... see also https://www.slowboring.com/p/crt-school https://www.slowboring.com/p/crt-school ]
- hollandheese 4y agoWhy aren't prices falling then due to decreased demand?