4 ms·
>[...seem to think] college is the answer to the current economic malaise, but I think it just leads to more and more people fighting over the same sized piece
by rz2k 12y ago
>[...seem to think] college is the answer to the current economic malaise, but I think it just leads to more and more people fighting over the same sized piece of pie
That's a pretty outrageous statement. You're still a person if you don't go to college.
Furthermore, if those who go to college earn a greater share of the pie, then it is because they are more productive. If they are more productive, then the pie gets larger by going to college.
In fact, the fundamentals of pricing theory suggest that the value to an individual, in terms of compensation for greater productivity, tends to be the floor in how much it costs employers and therefore the aggregate economy. For example, if you acquire new skills that make you produce an extra 1M per year, then your change in compensation will not exceed a $1M increase if you are negotiating with sane and informed people.