people shit on this because they're boring but to the extent colleges are about career prep this seems likely to correctly align incentives in the face of information asymmetryhttps://twitter.com/MarkAmesExiled/status/1020350417350389762 …
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if this were the norm colleges would be incentivized to admit students likely to generate future income streams from productive labor and also to increase their human capital while on campus, and to help place after graduation but hurr Durr mood affiliation
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One side effect would be dramatic reductions in bullshit programs costing students hundreds of thousands of dollars most likely to place those students into a decade of unemployment, alongside expansion of programs that tend to inculcate useful skills
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A second side effect would be meritocratic, market-tested admissions processes Schools would actually have incentive to compete for objectively-promising students, with scholarships taking the form of lower earnings collection If you think admissions is biased, this solves that
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That's not on the colleges :D
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