I've written a lot about risk-aversion in US elites (e.g. https://danwang.co/college-girardian-terror/ …). The part of Tyler's article I disagree with is that tech may not be such a beacon of hope. More young people detect that consulting & finance are uncool, and thus move next on to the tech world.
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Ezra Klein makes a nice point here: It might be good for the smart college student not to line up that McKinsey job by senior year. The anxiety that comes with thinking hard about the future might be better in the long run than taking this well-paying job.https://medium.com/conversations-with-tyler/ezra-klein-on-why-were-polarized-ep-86-7864297bc88b …
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I have a different take (worked at Bain for 3 years): many people who take consulting and banking jobs are getting paid to learn general business skills and most people leave after 2-3 years. It’s an ISA for an applied MBA.

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That’s the classic line. I agree that sometimes that works, but often (from what I can see) it shackles people in jobs they don’t like, feeling empty, while not sure about what to do next. These jobs seem to limit imagination rather than augment it.
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low-return for individuals or society at large?
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Why not both. Tyler’s recent conversation with Ezra Klein also address the point.https://medium.com/conversations-with-tyler/ezra-klein-on-why-were-polarized-ep-86-7864297bc88b …
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Management consulting might be risk adverse but it is risk adverse in a way that keeps options open - lots of people do interesting things coming out of those places. And there is also a grey ceiling in an economy full of corporations that keep away competitors with red tape.
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That’s the story of US elites... it’s always to “keep options open.” Hard to blame anyone for choosing that, butpic.twitter.com/BzmFXTk2oc
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It's also hard to take risk when you have debt.
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I was surprised the article didn't mention this. Rising costs of higher education don't leave room for risk immediately after graduation
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Čini se da učitavanje traje već neko vrijeme.
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