4 ms·
> industry setting unrealistic requirements for education This sounds like a market dynamic to me. If it were difficult to find qualified candidates, requireme
by glial 2y ago
> industry setting unrealistic requirements for education
This sounds like a market dynamic to me. If it were difficult to find qualified candidates, requirements would be lowered.
Just leaving this here... https://en.wikipedia.org/wiki/Elite_overproduction https://en.wikipedia.org/wiki/Elite_overproduction
- tomrod 2y agoFantastic thought. Though I think economic signaling theory shows the bottoms-up motivator. Certainly in the US, the GI Bill lead to a decreased value for high school diplomas for the median graduate. This doesn't mean it wasn't the right idea for the time, just that it's caused a lot of crowding out. I feel like the Elite Overproduction is a good post hoc descriptive theory but missing the why.
- derbOac 2y agoOverproduction is relative to the system under consideration. If you set up a system in a certain way, almost all labor can be overproduced. To take an extreme rhetorical example: if slavery is allowed, human capitol becomes ridiculously cheap and you can say labor is overproduced.