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I'm not arguing for a return to an agrarian society. Just that the marginal unit of education in our society is a massive net loss. We should cut the fat by half at least. The koreans send their kids to nightmarish haegwons and their productivity is 40% below US/Western EU.
Their productivity per hour is low because they work a lot. It's expected that the hours when you are awake and do the most important part of your job are more productive than those when you are tired and do something less useful. You should do a comparison ceteris paribus, but it is more difficult.
Ah interesting, you might be right then.
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I wouldn't say they do worse than by productivity, I'd say that by working a lot more they juuust manage to catch up to the laggers and slackers of the group, France, Italy, UK, though not germany, nordics and US.
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What exactly counts as "fat"? Any degree that isn't STEM? Are we doing cost-benefit analyses per field?
RoI has been done.
https://educationdata.org/college-degree-roi#field
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Oh no, there's far more to cut than that. You don't need 4 years, let alone 8, even for the most high-productive, high-paying job. One of my friends has a Phd in mathematics, when he could have learned the programming knowledge in 2 months for the IT job he actually ended up in (and he needed to do that, too).
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