Ten left-leaning lessons from *The Case Against Education*:http://econlog.econlib.org/archives/2018/04/leftist_lessons.html …
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Replying to @bryan_caplan
If college is primarily about 'signaling' then I would expect big changes coming in this market space, in large part because attitudes towards the efficacy of college are rapidly changing too.
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Replying to @SpencerBaum1 @bryan_caplan
The power of the signaling factor is reduced in direct proportion to the number of us who agree with the case you make in your book (and other cases against education like
@nntaleb's that I believe are even more damning of how we're doing college in America).2 replies 0 retweets 0 likes -
Caplan's argument doesn't make hiring w degrees irrational. Signaling is good info, even if the underlying is wasteful
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I'm arguing that the signal is already starting to decay, and will do so further (maybe even at an accelerating pace) as more people come around to Caplan's view.
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Replying to @SpencerBaum1 @yzilber and
I look in software, where the rise of 10-week "bootcamps" have created legitimate credentialing competition to a 4-year degree, and wonder what else is coming, and when it does, how the signal of a 4-year degree changes.
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Replying to @SpencerBaum1 @yzilber and
The payment model for some of these bootcamps (pay nothing until you have a job, sometimes even explicitly a tech job or a job with a fairly high minimum salary) is probably the most important aspect for updating on signaling models & the most positive aspect for students
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Replying to @webdevMason @SpencerBaum1 and
Getting accepted for a University program is clearly not a strong enough signal, but getting accepted for a program that will lose substantial money if you are not a hirable person by the end of it seems plausibly stronger than even a degree
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I also just like the feedback loop created when employers are looking for signals given by credential-givers & credential-givers are starting to look for signals weighted strongly by employers. Not sure that's a good thing, but oh boy fun
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Replying to @webdevMason @SpencerBaum1 and
Seems a good loop to me (up to) Means that value and reliability are strongly incentive
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Replying to @yzilber @SpencerBaum1 and
Wanna think it over more, probably a slightly mixed bag. Prob won't see an equivalent to degree programs that don't really translate to highish-salary careers. Good insofar as education is primarily about those job skills, bad insofar as you want formal education for other things
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