3 ms·

I don't understand why they don't make certain studies cheaper or free for students that qualify, or even give scholarships. It's very important to nudge more s

by dep_b 1y ago

I don't understand why they don't make certain studies cheaper or free for students that qualify, or even give scholarships. It's very important to nudge more students towards politically or economically vital studies.

pjc50 1y ago
> politically or economically vital studies. If it's economically vital, why doesn't it pay as well as industries competing for similar graduates? (not just programming, but also finance sucks up a lot of mathematically inclined people) I'm reminded of COVID where the most "essential" workers inevitably meant the most expendable.
- immibis 1y ago
  Because capitalism doesn't work like that?
- godelski 1y ago
  What other industries? People make value arguments but these are incredibly naive. Look at the companies with the top market caps. They'd tumble if TSMC or ACML went under. So there's something else to how price gets defined. Be careful to think the status quo is "rational". Sure, there's an explanation but an explanation is not a good explanation. Usually it's a simple explanation to an incredibly complex topic which no one really can explain
  - logicchains 1y ago
    >Look at the companies with the top market caps. They'd tumble if TSMC or ACML went under. No they wouldn't because their competitors would be in the same situation as them. If nobody has advanced chips, nobody has a competitive advantage.
    - ben_w 1y ago
      Never mind "competitive advantage" — if nobody can make cutting edge chips, most (or all?) of them no longer have a product to sell.
    - godelski 1y ago
      > because their competitors Would also tumble Why do you assume they must survive? Here's an analogy: if the food stops growing, everybody dies. That analogy is a bit extreme but at this time Intel (who just laid of 20% of its staff) and Samsung are the only meaningful competitors and TSMC produces the lion's share of chips. If TSMC goes under Apple, Nvidia, Microsoft, Google, and Meta are all also going to tank too. Those companies don't really have competitors. It's highly centralized and yes I know that AMD exists and they'll tank too
- HPsquared 1y ago
  It's the diamond/water paradox. Diamonds are expensive but water is cheap, even though water is much more important than diamonds. https://en.wikipedia.org/wiki/Paradox_of_value https://en.wikipedia.org/wiki/Paradox_of_value

by dep_b 1y ago

pjc50 1y ago

> politically or economically vital studies. If it's economically vital, why doesn't it pay as well as industries competing for similar graduates? (not just programming, but also finance sucks up a lot of mathematically inclined people) I'm reminded of COVID where the most "essential" workers inevitably meant the most expendable.

immibis 1y ago
Because capitalism doesn't work like that?
godelski 1y ago
What other industries? People make value arguments but these are incredibly naive. Look at the companies with the top market caps. They'd tumble if TSMC or ACML went under. So there's something else to how price gets defined. Be careful to think the status quo is "rational". Sure, there's an explanation but an explanation is not a good explanation. Usually it's a simple explanation to an incredibly complex topic which no one really can explain
- logicchains 1y ago
  >Look at the companies with the top market caps. They'd tumble if TSMC or ACML went under. No they wouldn't because their competitors would be in the same situation as them. If nobody has advanced chips, nobody has a competitive advantage.
  - ben_w 1y ago
    Never mind "competitive advantage" — if nobody can make cutting edge chips, most (or all?) of them no longer have a product to sell.
  - godelski 1y ago
    > because their competitors Would also tumble Why do you assume they must survive? Here's an analogy: if the food stops growing, everybody dies. That analogy is a bit extreme but at this time Intel (who just laid of 20% of its staff) and Samsung are the only meaningful competitors and TSMC produces the lion's share of chips. If TSMC goes under Apple, Nvidia, Microsoft, Google, and Meta are all also going to tank too. Those companies don't really have competitors. It's highly centralized and yes I know that AMD exists and they'll tank too
HPsquared 1y ago
It's the diamond/water paradox. Diamonds are expensive but water is cheap, even though water is much more important than diamonds. https://en.wikipedia.org/wiki/Paradox_of_value https://en.wikipedia.org/wiki/Paradox_of_value