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Replying to @AustenAllred
Good luck enforcing indentured servitude contracts. This has been tried.
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Replying to @Foudroyant
Sounds like you know exactly nothing about what we’re doing, so that’s a bold statement
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Replying to @AustenAllred
I do know about Yale's experiment along those lines and the difficulties they had. Are your contract terms on the internet somewhere?
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Replying to @Foudroyant
From the 70s? Yeah things are a little different now. They are but I don’t share the contract publicly. In short: 17% gross salary for two years Only when making $50k+/yr $30k total cap Expires after 5 yrs We get access to student’s bank account and tax returns
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Replying to @AustenAllred @Foudroyant
That's cool, you haven't mentioned what you do for the exceptions. - People with health issues? - Change their mind? - Work equity-only? - Continue education?
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The numbers are very specifically pegged to software devs. Your $50k+ represents most or all of a median salary for a US family wrapped up in one person. This is awesome for that person. But would it work for chef's school? Journalism? Psychology? Medicine?
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Replying to @gatesvp @Foudroyant
It wouldn’t be the same rate; the labor market drive what we can charge for an education in a specific field. Which, if you think about it, makes sense
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We focus on filling holes in the labor market. We find shortages and fill them. Later we’ll compete head on. But if we know you won’t get a job as a result of studying x we won’t teach x.
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