PS any economic studies on the 'earnings benefits of a college degree' that don't control for IQ are probably just be picking up credential/signaling effects, not 'human capital'/education benefits.
Show this thread
'43% of recent college grads are underemployed'? A cynic might rephrase as '43% of a trillion-dollar industry's customers were swindled out of massive amounts of money by false promises and media hype about the economic value of a college degree'https://twitter.com/FT/status/1061861920632922112 …
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This Tweet is unavailable.
-
Agree, but schools don’t teach math anymore and that makes it difficult to find young people who even begin apprenticing as machinists.
- 5 more replies
-
-
-
PPS making college 'free' (paid from worker taxes rather than student debt) would obviously inflate the whole credentialist bubble to an absurd degree, so employers would soon require masters degrees rather than BAs as entry-level credentials.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
I never thought I’d say this but guaranteed student loans are to blame for this. W/o that gov’t assured payback, there is NO way you would be approved for a useless degree. (STEM majors would be fine.) The guarantee means banks have NO skin in the game & creates bad incentives
-
I 100% agree with this. We want people to have access to student loans, but we then keep on increasing tuition because students have virtually unlimited money. The banks will loan it out since it is government secured. IMO it’s very similar to housing bubble of 2008.
- 1 more reply
New conversation -
-
-
The problem for colleges is skills can be acquired at nearly zero cost with the internet, so that can’t be their product. They can make a ton of money by cornering the credential market, though.
-
...until someone figures out how to break the monopoly and offer a competing degree signal for employers at a reasonable price...
- 8 more replies
New conversation -
-
-
Obvs, academia has a vested interest in pretending intelligence can't be measured quickly, cheaply, & accurately with IQ tests. My book 'Spent' explained how IQ-denialism feeds educational credentialism, and helps colleges financially exploit young people. https://www.amazon.com/Spent-Sex-Evolution-Consumer-Behavior-ebook/dp/B0023SDQFI/ …
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
On the plus side, everyone looks at me like I'm stupid when I recommend their senior grab a night job loading trucks and pay cash for every class they take at the cheapest college they can find. Parents still believe the scam too
-
Waiting tables taught me to respect honest work and disrespect the customer
- 5 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.