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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 21 May 2018
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    A thing I believe that relatively few people believe: there's a preference cascade coming for university degrees. ("Unlikely!" a) More or less unlikely than the experience of organized religions over the last 50 years? b) Which of the two is debt-financed and costs $200k?)

    6:31 PM - 21 May 2018
    • 11 Retweets
    • 95 Likes
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    17 replies 11 retweets 95 likes
      1. New conversation
      2. Ali‏ @alinajaf 22 May 2018
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        Replying to @patio11

        Agree, I’m not sure I can advise my children to go to university unless I’m also offering to pay for fees and accommodation. What makes you say a) though? From where I’m sitting organised religion is doing just fine on most of Earth.

        1 reply 0 retweets 0 likes
      3. Patrick McKenzie‏ @patio11 22 May 2018
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        Replying to @alinajaf

        Participation in the US went from approximately hegemonic, particularly in some social classes, to very-non-hegemonic, very, very quickly.

        1 reply 0 retweets 2 likes
      4. 3 more replies
      1. Luke Stevens‏ @lukestevens 21 May 2018
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        Replying to @patio11

        For anyone wondering (like me) what a “preference cascade” is… https://www.quora.com/What-is-a-preference-cascade … :)pic.twitter.com/owWt1Ruuqq

        0 replies 5 retweets 47 likes
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      2. Jim Gray‏ @grayj_ 21 May 2018
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        Replying to @patio11

        I get why everyone assumes perpetuation of the status quo, because that's a fundamental bias. But somehow I expect that a generation shafted by student debt might have some secondary impacts when they start advising their own kids (and for that matter, younger siblings).

        1 reply 0 retweets 3 likes
      3. Jim Gray‏ @grayj_ 21 May 2018
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        Replying to @grayj_ @patio11

        Education boom happened because it was well-funded and a socioeconomic mobility vector in prior generations Now it's poorly funded and an inescapable debt shackle It doesn't take advanced economic theory to figure out the general direction things are heading

        0 replies 1 retweet 5 likes
      4. End of conversation
      1. New conversation
      2. Colin Percival‏ @cperciva 21 May 2018
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        Replying to @patio11

        Disagree: There's a preference cascade for *some* university degrees... and it's already here. The number of Canadian undergraduate students in Humanities "Bachelor's degree or equivalent" programs has dropped by 20% in the past decade.pic.twitter.com/twnYL6adGg

        3 replies 0 retweets 9 likes
      3. Colin Percival‏ @cperciva 21 May 2018
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        Replying to @cperciva @patio11

        Notably, this collapse *hasn't* happened in other programs. It's almost as if people are recognizing the difference between programs which impart significant information (engineering, medicine, mathematics, etc.) and those which simply certify an ability to check off boxes...

        1 reply 1 retweet 4 likes
      4. 1 more reply
      1. Val Geisler  💌‏ @lovevalgeisler 21 May 2018
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        Replying to @patio11

        I feel this way too. Every time my husband talks about our kids and college I’m all “if that even matters in the 13 years between now and then”. I don’t believe it will.

        0 replies 0 retweets 6 likes
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      2. David Albrecht‏ @davidralbrecht 22 May 2018
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        Replying to @patio11

        Less extreme version: people will be more value-oriented with selection of university/degree. No reason to pay $200k when you can get same quality ed for $50k. But then, college was never 100% about class/learning. Access to networks matters a lot, too.

        2 replies 0 retweets 3 likes
      3. Jay.‏ @meangrape 22 May 2018
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        Replying to @davidralbrecht @patio11

        That's Harvard's true selling point. It's not the knowledge; it's the connections.

        0 replies 0 retweets 0 likes
      4. End of conversation

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