alt Hacker NewsYour mind works in a very different way than mine.
Elsewhere, you worried that getting millions of people put of crippling debt due to a broken education finance system might tick up inflation.
Here, you worry that making society more educated via university training might decrease the economic value of a degree.
Where is the humanity? Of course some extreme of inflation is bad, and of course we want people to be employable. But artificial scarcity seems like a bad way to go about it.
(And I don't think we have a surplus of engineers in the country, judging by what I perceive to be the gap in talent between china and US, and the moaning by tech about the need for H1B).
Replies
>And I don't think we have a surplus of engineers in the country, judging by what I perceive to be the gap in talent between china and US, and the moaning by tech about the need for H1B
Why take that at face value? Its generally used for wage suppression[0][1] by big companies (not only in tech) and due to how its structured, creates an unhealthy power balance between employers and H1B employees
[0]: https://link.springer.com/article/10.1007/s10551-024-05823-8
[1]: https://www.paularnesen.com/blog/the-h-1b-visa-corporate-ame...
The MAGA ideals (this is not snark just applying logic) needs more skilled Americans so this would also be aligned with MAGA albeit one of those things that takes more than 4 years to come to fruition so politically harder to do.
(Follow-up from my other reply)
> But artificial scarcity seems like a bad way to go about it.
What artificial scarcity are you talking about here?
I'm not trying to say we need artificial scarcity, university should be a market like any other product or service.
Personally I tend to go even further away from most when it comes to scarcity in the job market too - I'd rather have open borders than immigration systems that limit how many people can come here and compete for jobs.
> Elsewhere, you worried that getting millions of people put of crippling debt due to a broken education finance system might tick up inflation.
Well yes, I can talk to two different points when the context is different. A good conversation isn't just people shouting their personal opinions, its people playing off of the discussion at hand and considering different angles.
> Here, you worry that making society more educated via university training might decrease the economic value of a degree.
That's actually not what I was saying, I may have phrased it poorly. I did not mean that I worry about anyone getting educated. I was simply trying to point out that a degree has much less value when anyone can get it, like that's because it is free as is the topic here.
In the other thread I wasn't actually concerned about inflation personally, only pointing out that inflation will go up if a large amount of student debt is made to just disappear. I was raising that as a prediction with high likelihood, personally I have opinions on the underlying approach but I don't really have dog in the fight either.