By how much?
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Originally posted by MRT144 View PostItd be a nightmare to implement because people would kvetch about it. Any market reasons it wouldnt work are better explained by you than stumbled upon by me. Lack of an obvious price discovery mechanism would be one.
1) That supply of stem education may not be quite as tight as you think relative to arts education
2) That demand way not be quite as strong - people evaluate their choices in education along more dimensions than simply future earnings
3) Bargaining power of faculty at universities
4) Unwillingness of universities to cheapen their brand
5) Ancillary benefits to universities from having strong stem programs (e.g. grant money)
6) Various subsidies to students in the arts (direct and indirect)
Which of these reasons, if any, give arts students a reason to complain that they are being hard done by?
In my view a lot of university education is consumption - the benefits are enjoyed by the individual and are immediate rather than over time. You can speculate that some majors skew more toward this than others. In this case, a lot of the complaints you see are simply buyer's remorse...12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by KrazyHorse View PostIn my view a lot of university education is consumption - the benefits are enjoyed by the individual and are immediate rather than over time. You can speculate that some majors skew more toward this than others. In this case, a lot of the complaints you see are simply buyer's remorse...
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~20 years ago when most kids who are in college were just starting out in life, just about any college degree would still mean a pretty sure shot at the American dream. Own your own house, two cars in the garage, ect. Probably up until 2008 it was essentially a given. It was unsustainable at that point. But unless you were holding a cardboard sign on a street-corner in 2007, it's likely you didn't see that coming either.
It's not surprising that there would be a lot of people who would grow up with the expectation that they would do as well or better than their parents in that regard making similar choices. That's what the trend was. It's also not surprising that kids who went into college around the end of the bubble would feel their prospects are much worse than they were when they went in ... because they definitely are.
It's rather absurd to assume that people spent the last few years of their life going into significant debt in order to go into a field that they knew wouldn't allow them to live the life they wanted. It's much more reasonable to assume that people went in with one set of expectations, and the situation changed on them. Because the situation definitely changed.
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Originally posted by KrazyHorse View PostWhich of these reasons, if any, give arts students a reason to complain that they are being hard done by?
Yah, you were in a situation which had an easy out (for you) to a better life that let you correct for your change from idealist to higher standard of living... most people aren't, and they were blindsided by an economic change rather than just deciding they should make more than they would have expected before going in.
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People attending college in the 2000s made substantially different choices than the people in the previous generation who went to college. And furthermore they were likely far stupider.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio Regum
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Originally posted by Aeson View PostIt's not surprising that there would be a lot of people who would grow up with the expectation that they would do as well or better than their parents in that regard making similar choices.
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Originally posted by regexcellent View PostThat expectation is a feeling of entitlement, which is what I said in the OP.
I have taken you to task for your absurd assumptions about why people chose the path they did, as well as the irony of you whining about how whiny your generation is.
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Originally posted by KrazyHorse View PostPeople attending college in the 2000s made substantially different choices than the people in the previous generation who went to college. And furthermore they were likely far stupider.
The reality is that people do make choices that may be right at the time, but due to situations outside their control the choices become less right or even wrong. Unless you're one of those who predicted the changes (and can do so consistently) then you don't have much room to damn people for having made such mistakes. You yourself made a similar mistake, but were saved by the exceptional nature of the skills you were born with.
Hopefully this is all just temporary and we can get back to the point where people who do valuable work in the world are compensated not according to how little some person with a malnourished family trapped in a cage would do it for ...
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