site banner
greyenlightenment  investments: META/FBL, TSLA, TQQQ, TECL, MSFT ...  2yr ago (greyenlightenment.com)   3109 thread views

Why the college bubble won’t pop

greyenlightenment.com
12
Top Bottom Old Controversial Comments
Jump in the discussion.

No email address required.

On the wage inflation of degree holders.

Are the figures some sort of average? Because there could be the possibility that those earning disproportionately high (a relatively new thing) might be pulling those figures up. But if we maybe look at the Expected wage with the top x% sliced off (because that might just be impossible for most people to achieve ) the proposition might become a lot worse.

Because I have a suspicion that these numbers are being pulled up by VC funded sillicon valley firms that honestly pay some of their employees out of their ass. I understand that finding good programmers is difficult but I refuse to believe a front end dev is a better programmer than an embedded systems programmer, only one of them gets paid a ludicrous amount.

Among all workers aged 25 and older, the median salary of a college graduate with a bachelor's degree was $1,305 per week in 2020, according to the BLS. That's $67,860 over a 52-week year. So it's not like the average is too skewed by STEM.

What is this place?

This website is a place for people who want to move past shady thinking and test their ideas in a court of people who don't all share the same biases. Our goal is to optimize for light, not heat; this is a group effort, and all commentators are asked to do their part.

The weekly Culture War threads host the most controversial topics and are the most visible aspect of The Motte. However, many other topics are appropriate here. We encourage people to post anything related to science, politics, or philosophy; if in doubt, post!

Check out The Vault for an archive of old quality posts. You are encouraged to crosspost these elsewhere.


Why are you called The Motte?

A motte is a stone keep on a raised earthwork common in early medieval fortifications. More pertinently, it's an element in a rhetorical move called a "Motte-and-Bailey", originally identified by philosopher Nicholas Shackel. It describes the tendency in discourse for people to move from a controversial but high value claim to a defensible but less exciting one upon any resistance to the former. He likens this to the medieval fortification, where a desirable land (the bailey) is abandoned when in danger for the more easily defended motte. In Shackel's words, "The Motte represents the defensible but undesired propositions to which one retreats when hard pressed."

On The Motte, always attempt to remain inside your defensible territory, even if you are not being pressed.


New post guidelines

If you're posting something that isn't related to the culture war, we encourage you to post a thread for it. A submission statement is highly appreciated, but isn't necessary for text posts or links to largely-text posts such as blogs or news articles; if we're unsure of the value of your post, we might remove it until you add a submission statement. A submission statement is required for non-text sources (videos, podcasts, images).

Culture war posts go in the culture war thread; all links must either include a submission statement or significant commentary. Bare links without those will be removed.

If in doubt, please post it!


Rules


Recommended Posts And Communities

Recommended Realtime Chats