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Supply and demand. It's no surprise that when we had 10% of people going to university in the 1960's and now we have over 38.8% [1] that the economic value of a
by bojangleslover 11mo ago
Supply and demand. It's no surprise that when we had 10% of people going to university in the 1960's and now we have over 38.8% [1] that the economic value of a degree seems to be getting watered down.
No different than any other form of inflation from the government blowing on the fire (subsidizing with money) without adding any actual fuel (intrinsic value). Just like housing and healthcare.
[1] https://educationdata.org/education-attainment-statistics#:~:text=Report%20Highlights.,American%20men%20have%20college%20degrees. https://educationdata.org/education-attainment-statistics#:~...
- deleted 11mo ago[deleted]
- immibis 11mo agoA degree isn't SUPPOSED to be an arbitrary differentiator. It's supposed to signal that you know a certain thing because you studied it for 4 years. Whether that's currently true in America I couldn't say.
- Workaccount2 11mo agoThe problem is the funneling of dispassionate kids into college who just pick something and then game their way as much as possible to that piece of paper. Employers want passionate and self-motivated workers, instead they have gotten a mountain of applicants who routinely forget everything they crammed the moment the test is over.
- deleted 11mo ago[deleted]
- weakfish 11mo agoCan we name this "HN's Law," where any thread remotely related to economics will have someone attributing everything to supply and demand?
- bojangleslover 10mo agoDoes that invalidate the point?