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He's measuring the education bubble by looking at AP scores. The way people talk about education now makes it sound like a bubble: people don't say "What is the
by byrneseyeview 17y ago
He's measuring the education bubble by looking at AP scores. The way people talk about education now makes it sound like a bubble: people don't say "What is the minimum amount of schooling needed to make a contribution to society?" but instead say something more like "How can we increase the amount of schooling each person gets?"
Which is fairly similar to what happens in lots of other bubbles -- we go from "What is the right price?" to "How do we get a higher price?"
- ZachPruckowski 17y agoAnother sign of a bubble is that a factor is ignored in the pursuit of something. Everything looks great until that factor (mortgage defaults, non-sustainability of business plans, systemic risk, etc.) rears its ugly head and pops the bubble. The focus on more schooling was originally based on the desire to allow people to be upwardly mobile economically. However, what is happening is that the current system is making a college degree a given for a middle-class job. You can no longer get a middle-class job through an apprenticeship or a trade school. You have to go to a 4-year college. As a result, economic (and social) mobility has been pinned entirely on "did you go to college".