Not to mention the “if you don’t get a job within five years you owe nothing” clause that is common to indentured servitude. Where student loans are “you owe us a set amount that increases every year and we can garnish wages and you can’t bankrupt your way out” = way better
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"You don't pay anything" other than all the time, effort, income, and opportunity cost while you spent 30 weeks figuring out if learning to code was right for you. Get a grip.
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Right, the time you spend getting a free education, where normally you not only put in that time but pay tuition upfront or take out loans
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You're strawman'ing this argument which I'm not making re:traditional higher ed tracks. I didn't go that route either.
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You’re saying it’s indentured servitude which it’s not; it’s better than a loan in every way, and we have 100% free classes if you want to figure out if it’s right for you.
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Again, strawman'ing an argument I'm not making. Show me where I noted the incumbent lending cartels are the better approach?
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Your argument was that this is indentured servitude. My argument is that that’s an insane argument.
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You are forced, by fiat, to pay a percentage of your per annum salary if you choose to enter the industry, Its certainly not comparable to the indentured servitude of colonial America, but that would be patently illegal in a modern civil liberty context. Its a spin job.
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So in other words it’s not indentured servitude at all... Agreeing to pay a capped percentage of income if that income falls within certain bounds for two years isn’t even vaguely similar to indentured servitude.
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Austen, do you receive any payment from your Hiring Partners?
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Cool, i know that's what Hack Reactor does so was curious if you took that route. Glad to hear.
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Ya we’d rather have 1,000 companies hungry to hire our employees than take an extra $10k from the few that do
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I hear ya. The Hack Reactor spin (which i disliked) was that most of these co's are happy to pay a recruiting fee (or would be anyway to a traditional agency), and this helps them keep costs manageable to students. Fwiw it cost about 15kish when I attended (and worked) there.
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Ya I’m not morally opposed to it, we’re just taking a different path
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Glad to hear. I think there's a natural inflection point for every coding bootcamp where you have to choose 2 of 3 between Growth, Affordability, and Job Placement Rates. So best of luck when your path reaches that point, it's not an easy choice to make.
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Funny thing about this is that, if mandated payments to your school is considered indentured servitude, I would love to hear what these guys think of taxes.
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Indentured servitude sounds like a pretty good deal compared to results for many modern college grads. It's not so different in form from a company paying you to get an MBA, but on condition that you work there for five years afterwards.
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Some people see incremental change as a threat to progress & feel obligated to shit on it because it's not utopian enough to suit their supposedly refined & righteous political political sensibilities. I think he's not just wrong, but also an asshole who's hurting his own cause.
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I would def be more skeptical of LS if I didn't know that bootcamps where you pay up front just try to make everyone who they don't think they can place in industry drop out early because they're so dependent on their placement rate to get people to foot the upfront bill
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