Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on US Household Debt Surpasses 2008 High. Parent comment
If Americans could be replaced with outsourced people who do just as good a job for a 1/3 the price, then yes, the bubble would have popped.
The reason why that didn't happen is because an American worker really is worth the money you pay them.
With college, maybe the 200K degree DOES actually make you 200K smarter and more efficient.
If that is the case, then the college degree isn't a bubble. It is backed up by actual value.
There are no comments on this comment yet.
If Americans could be replaced with outsourced people who do just as good a job for a 1/3 the price, then yes, the bubble would have popped.
The reason why that didn't happen is because an American worker really is worth the money you pay them.
With college, maybe the 200K degree DOES actually make you 200K smarter and more efficient.
If that is the case, then the college degree isn't a bubble. It is backed up by actual value.