In 1980, unemployment was at 6%, and pundits were warning us that robots were about to take millions of jobs.
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housing, tuition and healthcare are the only exceptions. Causes: no productivity increase + heavy govt regulations.
it's both completely orthogonal to automation, and a very local phenomenon (since depends on govt policy).
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if you listen to debates about student loan programs all you hear is "a college degree is now required", guess why.
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because everyone one has one, that's why. It's pure competitive signalling.
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