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> It implies a future where people are more productive, produce more, and earn more. It's not just an implication, but fundemental economics. College degrees d
by jroseattle 12y ago
> It implies a future where people are more productive, produce more, and earn more. It's not just an implication, but fundemental economics.
College degrees do not correlate with productivity. The earning power of degrees is almost entirely driven by proximity and access to higher-paying jobs. Productivity simply has nothing to do with it.
> College is not a zero sum competition; everyone can be winners and get degrees.
I believe Thiel is arguing that college experiences are becoming a cultural binary -- either you have a degree or you do not.
I read Thiel's commentary as: if you're a zero in that system, you lose out on future opportunity; and to become a one in that system, you need to conform (in the manner of social norms.)
- hackuser 12y ago> College degrees do not correlate with productivity. The earning power of degrees is almost entirely driven by proximity and access to higher-paying jobs. Productivity simply has nothing to do with it. I'm surprised to hear this. What is it based on?