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Because when there are fewer jobs than candidates, artificial distinctions are used to judge them, and rent seekers exploit that to extract all the economic sur
by judk 13y ago
Because when there are fewer jobs than candidates, artificial distinctions are used to judge them, and rent seekers exploit that to extract all the economic surplus.
This is basic stuff, people. If everyone is going to college, everyone should know this.
- aaron-lebo 13y ago> Because when there are fewer jobs than candidates, artificial distinctions are used to judge them, and rent seekers exploit that to extract all the economic surplus. But that isn't what is happening in this situation. If Candidate A attends 2 years of community college and then transfers those credits to State College, his resume will still say "Bachelor's Degree - State College" the same as Candidate B who attended State College for a full 4 years. It doesn't have anything to do with job candidates, it is purely the psychological aspect of not attending a big state uni for your first two years in college. > This is basic stuff, people. If everyone is going to college, everyone should know this. I'm not sure if this is snark, but is it really basic stuff for people coming out of college to know about rent seeking? I guess in an ideal world...
- res0nat0r 13y agoI wouldn't call a quality of education difference between MIT and ITT tech artificial.
- lawnchair_larry 13y agoNeither did he, so what's your point?
- res0nat0r 13y agoHe did. > Because when there are fewer jobs than candidates, artificial distinctions are used to judge them