this. just under 40% of the population has a college degree, yet 80%+ of those college degrees produced in the last 10 years are net negative value.
clinton started taxpayer backing of subprime student loans, bush raised the limits, and obama removed them. a subprime student loan is any degree which is net negative value vs the total cost of the college experience and opportunity cost of not working for 4-6 years... all those useless libart degrees. when you see a job listing that says "any college degree", it's not that the job actually requires a college degree... it's that the supply of entry level labor is so high that they can just add in arbitrary requirements.
remove taxpayer backing of student loans and watch this shit collapse. or require that for any loan to be taxpayer backed, it needs (1) 90%+ employment rate within 6 months of graduation, (2) that requires that degree, not just any degree, (3) pays a living wage, and (4) is unaffiliated with the university. all these shitty libart degrees would still collapse because they're subprime and add nothing. they're participation awards.
I remember being in high school and the idea of a liberal arts degree came up. even my 17-year-old dumbass could see how useless of a degree that was, yet I was dumbfounded to see whole colleges dedicated to that degree.
tons of kids took AP psych in high school, and back then, i was thinking how useful psych would be, that you're basically learning about brain hacks and how people think.
and then i found out that's not at all what psych is about... that psych has become a perverse indoctrination avenue, and the people who do what i was talking about despise the situation so much they don't even call it psych... it's "behavioral economics".
and then over the last 10 years or so, the psych people got mad at the behavioral econ people. behavioral econ is about measuring behavior, even when that behavior is irrational or challenges your preconceived notions. in machine learning, we don't even care about the WHY. all we care about is predicting the outcomes.
so when an algorithm designed to predict creditworthiness based solely on some easy info (e.g. your zip code) and then someone says that's racist. my position is agnostic. it's a fact, it has substantial monetary and policy value. nothing can erase this fact.
well, it turns out the psych crowd has been infecting the behavior econ crowd, trying to make this shit illegal or un-noticeable. and you see this shit with "racist" chatgpt prompts. at first, chatgpt would answer racial breakdowns of crime without limitation. then they put in blocks so it wouldn't discuss black crime. now they made it so it won't discuss crime rates by race at all. in other cases, as was seen with both harvard and stanford, very high ranking people got busted just completely falsifying data entirely.
it's crept so far from reality, it's insulting. i won't touch that shit anymore. applied machine learning or bust. live feedback loops that are constantly tested against reality, or you get these anti-reality, anti-fact, anti-science zealots.
My brother once applied at a Burger King and was told he needed a college degree first. That's when I realized how bad the job market in that area was. The other was seeing a line of 200 people dressed in business suits for a job at Walmart.
this. just under 40% of the population has a college degree, yet 80%+ of those college degrees produced in the last 10 years are net negative value.
clinton started taxpayer backing of subprime student loans, bush raised the limits, and obama removed them. a subprime student loan is any degree which is net negative value vs the total cost of the college experience and opportunity cost of not working for 4-6 years... all those useless libart degrees. when you see a job listing that says "any college degree", it's not that the job actually requires a college degree... it's that the supply of entry level labor is so high that they can just add in arbitrary requirements.
remove taxpayer backing of student loans and watch this shit collapse. or require that for any loan to be taxpayer backed, it needs (1) 90%+ employment rate within 6 months of graduation, (2) that requires that degree, not just any degree, (3) pays a living wage, and (4) is unaffiliated with the university. all these shitty libart degrees would still collapse because they're subprime and add nothing. they're participation awards.
I remember being in high school and the idea of a liberal arts degree came up. even my 17-year-old dumbass could see how useless of a degree that was, yet I was dumbfounded to see whole colleges dedicated to that degree.
tons of kids took AP psych in high school, and back then, i was thinking how useful psych would be, that you're basically learning about brain hacks and how people think.
and then i found out that's not at all what psych is about... that psych has become a perverse indoctrination avenue, and the people who do what i was talking about despise the situation so much they don't even call it psych... it's "behavioral economics".
and then over the last 10 years or so, the psych people got mad at the behavioral econ people. behavioral econ is about measuring behavior, even when that behavior is irrational or challenges your preconceived notions. in machine learning, we don't even care about the WHY. all we care about is predicting the outcomes.
so when an algorithm designed to predict creditworthiness based solely on some easy info (e.g. your zip code) and then someone says that's racist. my position is agnostic. it's a fact, it has substantial monetary and policy value. nothing can erase this fact.
well, it turns out the psych crowd has been infecting the behavior econ crowd, trying to make this shit illegal or un-noticeable. and you see this shit with "racist" chatgpt prompts. at first, chatgpt would answer racial breakdowns of crime without limitation. then they put in blocks so it wouldn't discuss black crime. now they made it so it won't discuss crime rates by race at all. in other cases, as was seen with both harvard and stanford, very high ranking people got busted just completely falsifying data entirely.
it's crept so far from reality, it's insulting. i won't touch that shit anymore. applied machine learning or bust. live feedback loops that are constantly tested against reality, or you get these anti-reality, anti-fact, anti-science zealots.
My brother once applied at a Burger King and was told he needed a college degree first. That's when I realized how bad the job market in that area was. The other was seeing a line of 200 people dressed in business suits for a job at Walmart.