while I'm sympathetic to the argument that government subsidies encourage bureaucratic bloat and drive up prices, I think...
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Replying to @alicemazzy @CatlinNya
...viewing it in pure market terms is too shallow. a large pull factor of college is/was prestige, caste advancement, and culture
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Replying to @alicemazzy @CatlinNya
college's value to the employer used to be as a signal of a certain fitness for work, that has collapsed with the glut of...
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Replying to @alicemazzy @CatlinNya
...degree-holders, so college becomes paradoxically less valuable and *more* important, hence the surge of semi-skilled labor...
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Replying to @alicemazzy @CatlinNya
...positions requiring degrees. used to signal intelligence and class, now just a low hurdle you look useless for not clearing
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Replying to @alicemazzy @CatlinNya
an interesting side effect of ending government loans would likely be to shatter career prospects for gen z. most employers are..
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Replying to @alicemazzy @CatlinNya
...dumb credentialists, could easily see them overvaluing degreed millennials like they overvalued experienced boomers/x's in '08
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Replying to @alicemazzy @CatlinNya
ofc the standard liberal/dem socialist counter is that the benefit to society of an educated public outweighs the massive cost
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Replying to @alicemazzy @CatlinNya
personally I take more of a redpill tack and say college is half prog acculturation/finishing school, half modern debt peonage
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and by that standard is wildly successful :)
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