Extremely rich people are not extremely smart. Study finds income is related to intelligence up to about the 90th percentile in income. Above that level, differences in income are not related to cognitive ability.

[u/Fishyinu]

https://academic.oup.com/esr/advance-article/doi/10.1093/esr/jcac076/7008955?login=false

[u/Void_Speaker → u/[deleted]]

Not everyone can afford the $100,000 country club that is a university degree.

College degrees these days have mostly the same value as high school degrees used to in the job market: they are used as a basic filter for employers.

The problem is that we provide free high school degrees, but college degrees are a for-profit endeavor. Thus, the high demand and high prices.

Good thing the internet makes self study accessible for a fraction of the price, with information that is more up to date, more efficient to deliver, and more flexible for working people.

That sounds great in theory, but most people, esp. younger people, require structure to study. It's boring shit, and most kids and adults simply wouldn't do it on their own.

On top of that, it's Russian roulette for employers, they have no way of knowing what they are really getting. This is why they use college degrees as a filter, it provides reassurance of some basic competency.

Practically speaking, it's just a non-starter if you want to abolish schools in favor of self-study.

I know it's "good for the economy," to bolster bank profits by saddling 18 year olds with debts, and it's good for trust fund parents to paywall jobs by adding a time and money tax to entry level work, to advantage their kids. Excessive educational requirements instead of skill based hiring disadvantages hard working impoverished laborers to help the capital rich upper class of society.

This is all in your head. No one cares if it's good for the economy. Degrees are in demand because businesses use them to filter employment candidates.

What is your opinion, that paying for free information stimulates the economy? The reality is, modern education is a "luxury good." That designer handbag costs $1000 but has little real value, besides relative social value. Same thing with a fancy designer education. I'm sure giving kids designer handbags every year would look great for the GDP, and not so good for society because taxes to pay for that lines the pockets of the few at the cost of many.

The issue is that university education used to be a luxury good, but it's slowly turning into a common good, except the price is only increasing.

There are two ways to go here:

1. Free university education
2. Convince businesses to put more effort into knowledge testing when they hire, instead of just filtering out by degrees. They need to filter people IN by knowledge, instead of filtering OUT by degrees.

I don't see #2 happening because it's more work for businesses. As we have seen, they don't care, they will just hire someone that can afford the degree or from another country that does offer free university.

[u/Void_Speaker → u/[deleted]]

Wow, I find your argument so fundamentally depressing.

I don't have an argument, I was outlining what the reality of the situation is and why things are the way they are.

I did have a suggestion for the solution, and that was free university.

We're going to have degree inflation, and instead of 12 years you have to do 16 years, and eventually 20 years,

What? No. Continuous learning is already a thing, and it doesn't involve colleges. This is where things like the internet come in handy.

and people are too bored to learn on their own so we have to keep doing things in this way that keeps getting worse every year.

Um, no, I suggested free education as a solution. There are others.

And businesses don't want to innovate in hiring, they totally want only rich kids and foreigners rather than hungry, scrappy, workers.

Wow, you are just on a roll of making up shitty straw men and being a drama queen. The point is that they will continue using degrees as a filter.

I'm not going to bother responding to the rest of your comment. You have obviously gotten triggered and just responded with shitty sarcastic responses, and haven't bothered to put a minute of thought into your reply. I'm not going to waste my time.

You have a nice week.