Last I checked the total increase in annual income of Lambda School grads was north of $50 million/yr.https://twitter.com/endlessvalue_/status/1314732770866888704 …
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Which means, unless their employers are losing money on them, that is a lower bound on the resulting net increase in GDP.
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Is that really the case? What if 1) they are replacing someone who’s retired or 2) if the company they are now working for is competing in a zero-growth market with another company? Not trolling, just trying to recap for myself how GDP works.
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1) that person who retired rolls their contribution to GDP back to 0 whether a Lambda grad replaces them or not. 2) GDP != Growth Totally open to being wrong on both items but I’m pretty confident.
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That is true in theory Paul, but not something that holds in the real world imo.
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I'm a lambda uber-bull (and think they're adding crazy value for everyone) but the math isn't so simple. crowding out, substitution, and selection effects make it impossible to set a reasonable lower bound.
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Erm, couldn’t you have a decrease in GDP if they outcompeted someone for one of those jobs, and their competition became/remained unemployed and the original job was not filled?
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Not quite. It could be that they were already worth that much and lambda school gave them the means to demand a higher salary.
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This probably less true of Lambda than any other school in history. The curriculum is practically all specific technical skills.
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Why don’t you open for Africa
@Austen since most of the jobs are remote ? You can have a HUGE impacthttps://twitter.com/mehdimkinsi/status/1313756473902673922 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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