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backus's profile
John Backus
John Backus
John Backus
@backus

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John Backus

@backus

Seeking alternative compression. Hopefully wrong on average. Shameless. Started @getcognito and @bloom

San Francisco, CA
Joined August 2012

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    John Backus‏ @backus Feb 20

    John Backus Retweeted Rationally Speaking

    Agree w/ @bryan_caplan's argument that college degrees are about signaling. Mainly disagree with employers caring about signaling conformity. Alternative: more likely hirer has a degree. Candidates w/ degrees are more relatable to hirer. Feel more predictable, lower risk, safe.https://twitter.com/Rspodcast/status/965441281198616576 …

    John Backus added,

    Rationally Speaking @Rspodcast
    New ep! Economist @bryan_caplan argues that the main reason getting a college degree is valuable is because of signaling, and not because college teaches you useful knowledge or skills. http://bit.ly/2sBClgV 
    11:48 PM - 20 Feb 2018
    • 4 Retweets
    • 22 Likes
    • (((triplebracket))) Santiago Tórtora Steve Mullins SteelmanPodcast Solus Ignis Kyle Shipley sorter J. v. Neumann Sumanth ⚡
    4 replies 4 retweets 22 likes
      1. New conversation
      2. Bryan Caplan‏ @bryan_caplan Feb 21
        Replying to @backus

        If true, can't non-snobby employers make tons of money by hiring less-credentialed workers with similar productivity for much lower wages?

        1 reply 0 retweets 2 likes
      3. John Backus‏ @backus Feb 21
        Replying to @bryan_caplan

        Not sure the $ saved for an individual hiring manager would make a huge diff so risk might still outweigh. Even if CEO told massive company "hire non credentialed people we'll save money" I'm not sure it shifts incentives enough for manager hiring a few people a year.

        1 reply 0 retweets 0 likes
      4. John Backus‏ @backus Feb 21
        Replying to @backus @bryan_caplan

        Also, from perspective of software hiring, you only potentially save a lot if you are the first co to hire someone with no creds (recent dev bootcamp) who is actually skilled. After a few years of being good, salary gap closes. Finding those gems requires way more sifting.

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. New conversation
      2. Devon‏ @devonzuegel Feb 21
        Replying to @backus @bryan_caplan

        There's also a component of plausible deniability. If a recruiter brings in someone w an impressive degree who ends up failing, they can say "bad luck, I made an educated guess". If they hire someone w no credentials who ends up bad at their job, the recruiter looks like an idiot

        1 reply 1 retweet 4 likes
      3. Tim Almond‏ @timalmond Feb 21
        Replying to @devonzuegel @backus @bryan_caplan

        Spot on. Smaller organisations tend to have less of it as you're closer to the person who is balancing risk and reward. This also applies to things like who embraces new software.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Matthew Hynes‏ @mahynes72 Feb 21
        Replying to @backus @bryan_caplan

        I would agree regarding my college degree itself, but the experience I gained and the work I did with my peers was extremely valuable so it doesn’t negate going to college altogether

        0 replies 0 retweets 0 likes
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