Coda: capturing *actual skills* moves the info costs to a different place in the supply chain. A better credential-er still has to reduce the cost of assessing *actual skills.* One reason why replacement credential will start in technical fields, where skills can be measured.
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Those kids usually get the hint pretty quickly and go off to work on their own projects, start a start-up or join an early business also led by young people. If they get an entry-level job, they move up pretty quickly, making them a threat to some of the sort who manage hiring
It's only recently that employers, especially in tech, have begun to grok how important it is to ONLY hire competent (and ideally skilled) people and to grow very quickly. But as the tech infrastructure bleeds into every other kind of business, you'll see those priorities spread
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So, assuming that university credentials are measuring the wrong things to make that determination (i.e. they don't actually reduce any meaningful info costs), what signals will grow in importance to measure competence + skill?
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The best credential to replace a degree is a reputation; and the replacement for schooling and tests to get said credentials is to piggyback on someone else’s reputation (i.e. apprenticeship)
End of conversation
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