If one is thinking about not getting a degree and trying to go straight to work, as someone who did so (albiet out of poverty rather than choice) but didn't end up like Zuck, please heed my warning:
Social capital matters more than just about anyone who has a degree can understand and tell you or mentor you about, because the majority of them have always had it, and they tend not even to interact with people without it.
It is a signal about your wealth (and your families ability to deploy it for you), from which follows your stability, your intelligence, your taste, your willingness to play the game, and your belonging in the club. These matter more than EVER in the business world - I've never seen a time when tech is less about engineering than right now.
Most of the value of a CS degree is being able to say that you have a degree truthfully. If you don't have a degree then you just lie and say that you do, which is a moral papercut. Nobody really cares about your education though, they just want their world view to be maintained.
Yes 100%. I was born upper middle class. I have a BIT from a global top 50 University. I understood this after working in cryptocurrency sector in Germany.
After I left Australia and moved to Europe, I realized after some time that 'the matrix' had demoted me into a lower social class. I had to work harder for less money and had access to fewer opportunities.
Then I joined the crypto sector and the people there seemed almost mentally deranged. I didn't understand it at first. They had a way, way, way more cynical view of the world than I did. In retrospect, it feels like they had been under attack by the system, in secret... And they saw any outsider as an enemy. I felt like I was disliked for not being cynical enough. Like my subtle optimism was a signal that I didn't belong. It made me a target.
Then I came back to Australia after having a really tough time and switched back to mainstream tech sector and it was like everyone I worked with was living in some fantasy world. Like 10x more naive than I ever was, all colleagues with master degrees and PhDs... Work was a lot easier too. More forgiving. Also, I was liked. People were almost too nice to me.
The difference is privilege. I can see it very clearly now. It's absolutely not based on culture or race.
Society is highly stratified and I believe there are mechanisms built into the system to prevent people from different classes to meet.
I feel like there is some kind of operating system which manufactures cultures to create separations... Traditions and taboos separate people to prevent them from sharing their experiences and to maintain blind spots which serve to hold the system together. I think I understand why rich people don't like to hang around regular people.
Have you ever wondered why people don't talk to strangers anymore? I went to a train museum recently and noticed that the carriages on old trains had seats facing each other; I sat on one side and thought to myself that it must have been awkward for people to stare at each other in the face, sitting so close to each other, with nothing and nobody standing in between them... for such long trips. Carriages were split between 'smoking' and 'non-smoking'... Nowadays carriages are split between 'normal' and 'quiet'... And the number of quiet carriages seems to have increased over time... It's like there are forces in society which try to prevent people with different experiences from sharing their experiences. This is masked by superficial differences; superficial mental and physical differences are fine but experiential differences are not.
When I watch modern movies, they seem to show characters from an elite perspective. Even characters who are depicted as poor seem to share elite ideologies which makes the characters not believable.
Also, beyond values, there are some material distortions; I've seen too many detective series were the cop is living in a luxury penthouse.
Shouldn't a bad job market convince people to get a degree?
You only miss a bad job market entry and low salaries, you need every meagre advantage you can get.
100% agree on a degree being a strong signal, by the way.
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To a much smaller extent due to where I live, I noticed this too. From merely the fact that I had a (local economy relative) high paying software job and that I could "make stuff happen" for people with capital or people in the "boys club", I was introduced to an entirely different layer of the city I had no idea about. I noticed how effortlessly the signals transfer and how it all feels very meritocratic, you don't even notice the layer and you just see the people. Until someone who's not in that layer shows up, and suddenly the doors close, the conversation chills and the barriers to the layer become evident.
I am very curious how this changes for young technologists in an AI era, where maybe non-technical people in this layer no longer see a self made technologist as a value add to their cohort.
I purposely use technologist over software developer, since I feelnthe generalist self-made developer typically commands an intuitive breadth of skills not just programming.
I also didn't make out like Zuck, though I am happily working and making games on the side.