4 ms·
I'm no fan of the Higher Edu Industrial Complex but this is correlation, or at best blaming the messenger. - Different people have different ambitions and moti
by chiefalchemist 2y ago
I'm no fan of the Higher Edu Industrial Complex but this is correlation, or at best blaming the messenger.
- Different people have different ambitions and motivations. Perhaps some degrees attract ppl who don't see money as a key motivator? Yeah, given the cost of edu perhaps they should, but we all do things we shouldn't and shun what we should. The point is, we need more analysis before we start making new decisions on actions to take.
- Supply and demand. It's not the degrees themselves that are the problem but market assigning value to them. Hear me out. That is, we can't collectively brag about the number of college degress and masters degrees as a key metric of our edu success, and then turn around and say "Oh shit. There are too many of too many of these."
Put another way, even if you shift all the negative ROI degree people into positive ROI degrees the value of the positive ROI degrees will then degraded (and the negative will climb).
- Let's finally admit that the experiment of (politically driven) cheap & easy student loans was in many ways a failure; another classic example of what happens when the heavy thumbs of politicians manipulate markets. It's funny (read: silly) how to make homes more affordable the POTUS is canceling student debt. Dear Mr/Ms President...what happens to price when demand increases? That is, cancel debt will eventually increase prices of other things. Classic political balloon grab, classically missed by the media.