Comment by nradov
10 months ago
Sure, the system is broken but what's the alternative? Employers have a surplus of applicants for entry-level technical positions. They need to filter the applicant pool down to those with some level of competence and discipline. Possession of a college degree is a reasonably accurate proxy for those attributes: lots of false negatives but good enough from the employer's perspective.
Ideally maybe employers ought to rely on more targeted selection mechanisms. But this would be extremely expensive (and potentially legally risky due to equal opportunity laws) so most don't bother.
> Sure, the system is broken but what's the alternative?
As I said, the only country I know where it is like that is the US.
Are you saying the US is the only country that has an excess of applicants for entry-level positions? Or the only one for which credentialism is the solution to this problem? If the second, how does the place you're from solve it?
No, I am saying that the US is the only country I know where students pay 60k per year.
>Sure, the system is broken but what's the alternative?
For a true solution, the entire taxation and monetary system will have to overhauled. It's of course not going to happen.
Transactions outside of the govt monetary system is effectively illegal or taxed so people are forced to participate by applying for jobs for their livelihood.