Re:Incentives in economics are wrong, but how?
by whimsicalism on Friday June 11, 2021 @12:45PM
(#27475593)
> ideally we should be increasing the pay of those jobs.
The pay of which jobs? The ones that require a college degree or not.
> Not because of competition but because not all jobs require a college degree
And are the number and prospects of these jobs increasing or decreasing?
I also find this whole conflation of having a college degree and being an elite silly. The problem seems much less to be that we have too many educated people and seems much more that wealth is concentrated by the small subset of wealthy people who "got here first" and then get the compounding returns.
The pay of which jobs? The ones that require a college degree or not.
> Not because of competition but because not all jobs require a college degree
And are the number and prospects of these jobs increasing or decreasing?
I also find this whole conflation of having a college degree and being an elite silly. The problem seems much less to be that we have too many educated people and seems much more that wealth is concentrated by the small subset of wealthy people who "got here first" and then get the compounding returns.