4 ms·
> I liked the idea of incentive aligned ISAs The problem is that incentives are definitely not aligned. Once the student signs the ISA, they can put significan
by bachmeier 2y ago
> I liked the idea of incentive aligned ISAs
The problem is that incentives are definitely not aligned. Once the student signs the ISA, they can put significant resources into helping the student get the best possible job, or they can put nothing into it and take a big share of the income the student would have otherwise earned. Incentives are only aligned if the ISA is based on the additional income from going through the program, and there's no way to measure that.
I think what we've learned is that this can only work if there's an outside regulator, such as an accreditation body, preventing bootcamps from taking the parasitic approach.