Comment by collinmcnulty

This view seems to be common, but I think it misses what incredible alchemy comes from making people who come in for “job training” (like I did) spend 4 years in close proximity with research, academic freedom, liberal arts, and at least an attempt at some kind of intellectual idealism separate from economic incentive. It’s peanut butter and chocolate that has served democracy and its people well by having a middle class that is not just productive, but truly educated. It’s weird and it has problems, but it’s also wonderful, and we should not try to sever the two so we can more “efficiently” crank out credentials.

rayiner 4 days ago

That's historical revisionism. The percentage of American adults over age 25 who have a college degree was only 20% as recently as 1990. When America was truly at the top of the world in the 1950s and 1960s, it was under 10%. A high fraction of college attendance is better correlated with the 21st century decline in America's situation.

  • locknitpicker 3 days ago

    > When America was truly at the top of the world in the 1950s and 1960s, it was under 10%. A high fraction of college attendance is better correlated with the 21st century decline in America's situation.

    I think this is a textbook example of correlation not implying causality. The US was awarded a unique competitive advantage with WW2, which allowed it to become the world's hegemon. Much of the reason that the US was able to preserve it's status was how it managed to leverage that competitive advantage to fuel it's economical and technological development to build up and retain a competitive advantage. This was only made possible by its investment in higher education and R&D, which is a big factor behind the progress in the 1950s and 1960s you're lauding. Things like the GI bill are renowned by the huge impact it had on the tech industry.

    https://en.wikipedia.org/wiki/Arthur_Rock

    https://en.wikipedia.org/wiki/Eugene_Kleiner

    The US never managed to shake off its anti-intellectual bias, and has this irrational belief that ladder-pulling is somehow conflated with the cream always rising to the top, but if anything it's preventing their domestic talent from fulfilling their potential.

    • rayiner 3 days ago

      The U.S. was already the richest country in the world per capita by 1880–even at the peak of the British Empire. Most of its military achievements during the war—building up the world’s largest Navy and airforce from almost nothing within a couple of years—was a product of the industrial economy that already existed before the war.

      America’s preference for common wisdom over book learning is a strength, not a weakness. Formal education filters for risk averse, process and credential-oriented people. And you need some of those people, but you don’t want your society to be like India where you worship credentials and degrees like religion.

      The GI bill isn’t a counterpoint. GI’s still had to gain admissions at a time when colleges were far more selective than today: https://www.realclearscience.com/blog/2024/01/23/why_college... (undergraduate IQs fell from 119 in 1939 to just 102 in 2022). So you created a filter that was extremely rigorous. It supported college education for people who were both significantly smarter than average, and also had served in the military—the Marcus Aurelius type.

      • enraged_camel 3 days ago

        America's post-war strength was built on unusually strong education. After the war, America had far more schooling overall than other countries. It was one of the many factors that made America a powerhouse in the 50s and 60s.

        Economic historians Claudia Goldin and Lawrence Katz, who are essentially the gold standard reference here, show that the US became the richest nation precisely because it led the world in mass education (first universal high school, then mass higher ed), not in spite of it.

        >> America’s preference for common wisdom over book learning is a strength, not a weakness. Formal education filters for risk averse, process and credential-oriented people.

        High-education countries don't look like basket cases. Among 25-64 year olds, the countries with the highest tertiary attainment shares are: Canada (64%), Japan (56%), South Korea (53%), USA (50%), and the Nordic countries hovering around similar rates. These are some of the richest, most technologically advanced societies in the world. If "credential worship" made a society brittle and unproductive, you'd expect these places to be obvious failures.

        India's problem is not too much college. It's that gross tertiary enrollment ratio is only 33%, below the world average. The development-econ diagnosis of India is actually the reverse of your claim: too many people with too little quality education, especially basic literacy, numeracy and foundational skills, plus a small highly-credentialed elite at the top.

        >> The GI bill isn’t a counterpoint. GI’s still had to gain admissions at a time when colleges were far more selective than today: https://www.realclearscience.com/blog/2024/01/23/why_college... (undergraduate IQs fell from 119 in 1939 to just 102 in 2022). So you created a filter that was extremely rigorous. It supported college education for people who were both significantly smarter than average, and also had served in the military—the Marcus Aurelius type.

        The GI bill massively expanded college. Half of all college students in 1947 were vets. It is widely credited with building the post-war middle class. The IQ meta-analysis you cite explicitly says the drop in average student IQ is a mechanical result of more people going to college, not evidence that universities got worse. The researchers in fact explicitly say this.

      • intended 3 days ago

        > be like India where you worship credentials and degrees like religion.

        Or China, Japan, Korea…

      • timmytokyo 3 days ago

        I see very little evidence for this abundance of American "common wisdom". If anything, America has always had a deeply anti-intellectual vein running through it, whether it was the Scopes monkey trial, the Know Nothing Party or what you see in the present political scene. Higher education, especially the affordable kind at public universities, has been a bulwark against the paranoid delusions that often dominate societies that revere superstition and "common sense" over reason, empiricism and humanism.

    • Xelbair 3 days ago

      >The US was awarded a unique competitive advantage with WW2, which allowed it to become the world's hegemon.

      That advantage was: being the only country that wasn't ravaged by war, and that profited for a while by trading with every faction.

      Some of countries were also severly kneecapped by US betrayal of promises, made by allies - to restore pre-war borders, and handover of them to USSR - that means less competition.

      That also lead to US dollar becoming world's reserve currency, which may have affected the measured drop afterwards.

      There are so many factors involved in that that attributing it to just investment in higher education and GI bill is a gross oversimplification, so is previous post's attribution of the drop afterwards.

      • locknitpicker 3 days ago

        > There are so many factors involved in that that attributing it to just investment in higher education and GI bill is a gross oversimplification, so is previous post's attribution of the drop afterwards.

        Your comment sounds like you didn't quite understood the point I made.

        The whole point was that US benefited greatly from WW2 to reach the position of world's hegemon. But that happened nearly a century ago, and reaching the position vs maintaining the position are two entirely different sets of challenges.

        My point was that WW2 gave the US a running start, but it still required work to preserve that advantage. The US's postwar investment in higher education and R&D was the key competitive advantage that allowed the US to preserve it's dominance until the present day.

        To put it another way, WW2 helped attract the world's finest research talent, but the technological and scientific achievements that followed were the result of the investment in domestic talent that followed. You cannot have the likes of silicon valley without the US's postwar investment in higher education and R&D.

  • collinmcnulty 3 days ago

    I think widening the aperture outside the USA shows how big societal progress has come out of universities of the type we now recognize, starting with 1800s Germany. Even within the USA, the technological and social progress that percolated on universities had big impacts beyond the people actually enrolled and were essential in providing the basis for the employment of many other Americans.

    Finally, it’s worth qualifying the idea of America’s decline. The USA is still THE powerhouse economy of the world. We have huge problems with unequal distribution and things are seriously politically messed up, but in terms of raw productivity, we are doing gangbusters. And solving the political and inequality issues call for a more educated populace, not less.

    • maxglute 3 days ago

      > in terms of raw productivity

      In terms of dubious financialized metrics of productivity, i.e. debt + fx driven growth. Which is valid indicator, but also the same inflated indicator that suggests 2025 tertiary that cost 200% 1980 tertiary (income/inflation adjusted) is somehow more productive and not parasitic. The entire problem is spreadsheet doing gangbusters is dependenant on increasingly inequitable CoL extraction to prop up GDP flows. US economy would appear much less powerhouse if not for all the disproportionate financiailization/rent extraction from inelastic sectors (rent/education/health etc) aggregated over past 40 years over functionally comparable value goods/services.

      • potato3732842 3 days ago

        Exactly. In <pick random developing nation that isn't too poor> a man who wants to construct a septic for a house pays a man with backhoe who understands the nuances to make it happen. Concrete and diesel are bought, etc, etc, etc. Let's say $5k USD added to GDP.

        In US same thing happens. But the man is compelled by threat of law to pay for engineering studies, permits, as are the man with the backhoe and the man making the concrete, etc, etc. $10k is added to GDP.

        Has anymore wealth actually been created tho?

        You can argue there's a difference because the latter septic is superior because on average they fail less and there's some amortized cost to that but if you're arguing about marginal differences in the face of an integer multiple you've kind of already lost.

        This generalizes to just about all products and services. No more value is being created. There's just a bunch of hands in the pot that look like value if you squint and apply motivated spreadsheet magic.

    • rayiner 3 days ago

      Germany is a great example of how you don’t need most of the population enrolled in universities.

      > The USA is still THE powerhouse economy of the world.

      The US was a powerhouse economy when it could build the world’s largest navy almost overnight. Since the 1980s, the U.S. economy has become highly financialized. It’s disputed how much American economic dominance is real versus on paper today.

      • hollerith 3 days ago

        The last great economic expansion or at least economic reconfiguration was internet services (which of course is mostly distinct from financial services) and the US ended up with a very dominant trade position in internet services.

      • monero-xmr 3 days ago

        I agree with you, but if the US truly has the best military (and it does 100x) then when push comes to shove, the US will destroy anyone who tries to undermine it. Very dangerous game to oppose it. Being able to construct things quickly is important, but if the US can militarily seize nearly every country on earth in days, the power is not necessarily where the kit is located

    • bildung 3 days ago

      > The USA is still THE powerhouse economy of the world.

      Things look decidedly different if you exclude the ad companies (Google, Meta, ...) and associated shovel sellers, see the WaPo article about the S&P 493 from a few days ago.

      • phillipcarter 3 days ago

        Not to discount physical infrastructure, but the world is quite digital these days and being at the absolute top of the software + associated techs economy is nothing to sniff at.

    • 0xDEAFBEAD 3 days ago

      >things are seriously politically messed up

      I would argue universities played a big role here. https://books.google.com/ngrams/graph?content=social+justice...

      The theory of "elite overproduction" suggests that if you train too many aspirants for the same few elite jobs, they will foment instability in order to get the jobs they feel entitled to. That's what happened when we tried to get everyone going to college.

      What am I supposed to do with my ethnic studies degree, aside from DEI consulting? Why would I want my DEI consulting to actually solve the underlying problem, if it puts me out of a job? Don't forget, I have a lot of student loans now! This isn't a small issue for me.

      The left-extremists say "you need to give me a job in order to make your team more diverse". The right-extremists say "you need to give me a job because the deep state is corrupt, it's time to make america great again". Basically using extremist politics as a trick for getting elite roles.

      • seec 3 days ago

        That's because they are "elite" in their credentials, not actually elite in their competences/qualities.

        By definition you cannot have an elite that is comprised of a large part of the population. The problem is that education institutions have an incentive to bring in more and more people for the money and the power it affords them but that's completely contradictory to the goal of production elite individuals.

        A true elite is only possible if you select for the top individuals each year and it cannot be determined solely by the capacity to pay for the school.

        A good implementation would use qualities from both US and EU style institutions: education at no cost but very selective process that only accept around 5% of each generation. Otherwise you are just wasting money/ressources on people that will never pay back, whether it is paid by the taxpayer in the EU or by the individual/family in the US is an implementation detail.

        And when it comes to "liberal arts" education, in a world where information is extremely cheap/free, it makes absolutely no sense. It was always about credentialism. The reality is that it was about assigning a fake value to people who are kinda useless. The primary selection features are obedience and industriousness which are not necessarily valuable qualities if they are not focused on worthwhile goals but it's very useful for the powers in place. Anybody knows that working hard isn't that desirable when the objectives are not useful. But this is exactly why we get DEI and other dysfunctional policies/systems.

      • viraptor 3 days ago

        > Why would I want my DEI consulting to actually solve the underlying problem

        This applies to any consulting. Normally you want to solve a problem, because there's another thousand of companies that need similar problem solved. You don't get many people coming into a company with an immediate "I'm going to try to not improve anything" plan.

        > The left-extremists say "you need to give me a job in order to make your team more diverse".

        This is seriously weird even as a misrepresentation. The extreme left is for changing diversity overall rather than just "give me a job". (If we actually go extreme left, it would be closer to "we've got enough resources for everyone to not need jobs to survive" anyway)

        The overproduction issue is interesting, but it really didn't need the exaggerated caricatures as examples.

  • firesteelrain 3 days ago

    The correlation is backwards. America’s mid-20th-century dominance was not the result of having only about 10 percent college graduates. It came from unique post–World War II advantages: intact industrial capacity, massive federal investment like the GI Bill, NSF, DARPA, and the interstate highway system, and the fact that global competitors were rebuilding from destruction. The GI Bill greatly expanded access to higher education and economists widely credit it with boosting productivity, innovation, and the growth of the middle class. Rising college attainment in the 1990s and 2000s coincides with globalization, offshoring, and wage stagnation, which makes this a correlation problem rather than evidence that more education causes national decline.

    • dmix 3 days ago

      It was 10% of the US population who went to college before the GI bill, which then doubled to 20% over a decade following the war. Now >50% have post secondary. 70% attempt post-secondary after high school

      Before WW2 only about 40% of people completed high school, now it’s at 90%

      • firesteelrain 3 days ago

        Those numbers actually back up the point. The jump in education after WWII happened during the biggest boom years the US ever had. The rise to 40 percent college grads happened much later, during globalization and offshoring. So the slowdown is about the economy changing, not people getting more education. It is just a bad correlation.

  • spankalee 3 days ago

    > When America was truly at the top of the world in the 1950s and 1960s

    You mean when so much of the rest of the world was poorly educated either not very industrialized yet or had their industrial base destroyed by the war? Easy for the US to be "on top" then.

    But I much prefer the better educated America that came after that, even if wasn't as "at the top of the world" - though I'm really not sure who else you could be referring to that could be more on top.

    • WillPostForFood 3 days ago

      US had highest per capita GDP in the world in 1913, before Europe's first, and second, self destructions. The US would have been on top in the in 1950s and 1960s no matter what. Just by scale, resources, and economic system.

  • danans 3 days ago

    > The percentage of American adults over age 25 who have a college degree was only 20% as recently as 1990. When America was truly at the top of the world in the 1950s and 1960s, it was under 10%.

    Due to automation and the great advance of technology, the floor for most jobs has risen such that the skills/knowledge that a 1950s school dropout had would be insufficient for anything but the most menial jobs today.

    Outside of a few sectors like agricultural or physical service labor, our economy just doesn't need less educated people anymore.

    That doesn't mean everyone needs a 4 year degree, but to make a sustainable living at least a degree from a trade or service school focused on some advanced technician skill is required, and that must be followed by apprenticeship and licensing. In the end, it requires as much time as University, but might cost less if the education is at a public community college.

    • jswelker 3 days ago

      Community colleges are the best existing institution we have to fill the gap. They are too wedded to the university model though. Credit hours, semesters, discrete courses, administrative overhead, the whole works, minus much of the campus life dressing.

      Hell I applaud even boot camps for trying to fill it, for all their faults. At least they tried something slightly different.

    • bombcar 3 days ago

      Our immigration policies pretty strongly indicate we still need those less educated people doing work, we just don’t want to pay anything resembling reasonable wages for such.

      • danans 3 days ago

        I agree that our system relies heavily on uneducated migrants for menial labor.

        However, uneducated people in the 1950s regularly got jobs in factories that paid enough for a single income to support a family.

        That opportunity for uneducated Americans won't come back, regardless of our immigration policies.

    • torginus 3 days ago

      That is absolutely untrue - a large part of the jobs were either outsourced and/or automated to be trivial, but a large part is essentially barely made easier by technology - food service, all the jobs necessary for running and building infrastructure, homes etc. is only changing very slowly due to technology - this is due to the nature of the fields, even if there were rapid advancement in plumbing (there weren't) in the past few decades, most of the buildings are standing and rebuilding them makes little sense - same with water treatment facilities, power plants etc.

      In fact I would argue in some ways society is even less capable today - the percentage of people skilled in the trades is much lower, so it would be much harder to rebuild from scratch.

    • seec 3 days ago

      Hard disagree. Most useful skill and knowledge is still learned on the job. The "education" is just a selection process. And not only it is a pretty bad one, it is extremely costly.

      • danans 3 days ago

        > Most useful skill and knowledge is still learned on the job. The "education" is just a selection process.

        It selects for the ability and intrinsic motivation to learn.

        If you were running a factory or a building construction company, wouldn't you want that in someone you hire?

        Are there high school dropouts who have the ability and intrinsic motivation? Of course there are. Many drop out due to poverty and family/community strife, or mental health challenges.

        But as an employer would you risk assuming a high school dropout had the same motivation?

    • terminalshort 3 days ago

      People can operate heavy equipment and even fly planes without a fancy sounding degree, so I don't think some stupid office job is so complex that a HS grad can't handle it.

    • BeFlatXIII 3 days ago

      > Due to automation and the great advance of technology, the floor for most jobs has risen such that the skills/knowledge that a 1950s school dropout had would be insufficient for anything but the most menial jobs today.

      I love to point this out to anti-welfare people and make them blue screen. Especially when they're not willing to acknowledge unethical solutions, such as euthanizing the stupid or acknowledging that not having welfare for an unemployable population shits things up for the rest of society.

  • Swenrekcah 3 days ago

    The problem is that almost everyone is now expected to get a degree which necessarily devalues the whole thing.

    It is now necessary to get a doctorate if you want to really signal academic prowess, but that comes with an incredibly high opportunity and personal cost.

    Society really needs to just accept that just over half of the population is never going to maka a good doctor, engineer, physicist, etc. and that is perfectly OK. We readily understand that very few people can become professional athletes and don’t think any less of those that can’t.

  • nobodyandproud 3 days ago

    Correlation-only is sloppy analysis.

    The inheritors and descendants of those that directly created the problem are screaming at the colleges as the problem.

    But that’s ass backwards: Create the long-term financial opportunity and the college problem will disappear overnight.

    The correlation is because rational actors will follow the only leads available to make money, survive, and raise a family.

    Edit: I edited the tone, slightly.

    • overfeed 3 days ago

      > The inheritors and descendants of those that directly created the problem are screaming at the colleges as the problem

      Not to mention rank-and-file American conservatives who see universities as bastions of liberal thought/power, and create threadbare, post-hoc arguments as to why universities have to be dismantled or politically reeducated when partisanship has to be disguised.

      • lurk2 3 days ago

        > when partisanship has to be disguised.

        The conservatives are right about the partisan bias of universities. See this survey by Mitchell Langbert.

        https://www.nas.org/academic-questions/31/2/homogenous_the_p...

        Anthropology and communications saw no registered Republicans. English, Sociology, and Art departments had a ratio of around 40:1 Democrat professors Republican professors, whereas in technical fields the ratio drops considerably to only 1.6:1 in engineering, and around 5:1 for economics, chemistry, and mathematics.

        Langbert notes:

        > The political registration of full-time, Ph.D.-holding professors in top-tier liberal arts colleges is overwhelmingly Democratic. Indeed, faculty political affiliations at 39 percent of the colleges in my sample are Republican free—having zero Republicans.

        Duke: https://dukechronicle.com/article/duke-university-faculty-su...

        > When asked for their political identities on a scale of “very liberal” to “very conservative,” 23.2% of respondents identified as “very liberal,” 38.53% identified as “somewhat liberal,” 24.48% identified as moderates or centrists, 9.92% identified as “somewhat conservative” and 3.87% identified as “very conservative.”

        Yale: https://buckleyinstitute.com/faculty-political-diversity-rep...

        > Across 14 departments in the Social Sciences and Humanities, the report identified 312 Democrat faculty (88%) and only 4 Republicans (1.1%), a ratio of around 78 to 1.

      • AnthonyMouse 3 days ago

        > Not to mention rank-and-file American conservatives who see universities as bastions of liberal thought/power

        To be fair, they kind of are. In the 20th century there were conservative academics at elite universities and they've since largely been excommunicated as heretics. Which has been a mistake, because then the people who would have agreed with them instead reject academia as a whole and latch on to demagogues, which is so much worse.

  • zbzdrol 3 days ago

    > A high fraction of college attendance is better correlated with the 21st century decline in America's situation.

    You’re basically arguing that having more uneducated people is better. If that were the case, why did most of the world bend western and American in the latter 20th century culturally?

    The problems now are that we have a super-old man and a bunch of others with super-old ideas at the helm, and as a whole none are both wise and caring. I say this as a middle-aged gen-X’r.

    The missing ingredient is that no one fucking cares about anyone other than themselves. It’s not a problem that we need to solve by dumbing people down. I’d argue that we’re not educated enough.

    • jimnotgym 3 days ago

      > You’re basically arguing that having more uneducated people is better.

      Are you arguing that having more people educated in a narrow range of topics is necessarily better? In the USA in the 1950s I would suggest there were more people who knew how to make machine tools or even food.

    • NickC25 3 days ago

      >You’re basically arguing that having more uneducated people is better.

      "I love the poorly educated"

      ~our current president.

  • spicyusername 3 days ago

    Sorry to say that I don't think the post-WWII boom had anything to do with sound economic policies, but rather the chance fact that the United States was the only industrialized nation unravaged by war and capable of capturing a major share of global economic spending because of that.

    So... I wouldn't look too nostalgically backwards for policy guidance when we have an entirely different set of geopolitical circumstances.

  • Dylan16807 3 days ago

    What specifically are you calling revisionism? I don't see anything in their post that's tied to these numbers.

    They said it's good. They didn't say it matches the best decades of the economy.

  • [removed] 3 days ago
    [deleted]
  • rixed 3 days ago

    Could it be that "America" and "Americans" are two related but different things, and that what's good for the one may not always be the best for the other?

  • RVuRnvbM2e 3 days ago

    The reason for US economic domination starting in the 50s is the fact that society and infrastructure in the rest of the developed world had been utterly devastated by the second World War. The rate of college education is utterly irrelevant.

  • sharts 3 days ago

    Today’s college is yesterday’s high school though

  • doctorpangloss 3 days ago

    are you saying that your kids should not go to college? okay, now do you see why your statistic is meaningless, even if it is true? who answers “yes” to the first question? (hardly anyone).

    • ggm 3 days ago

      A minor nit. "Should not" is on a path from "don't have to" and "can chose not to"

      When the fintech boom in the 80s and 90s kicked off, quants aside, many had zero tertiary education. The benefit of a university then became access to social circles, and a bit of spreadsheets. I have friends who worked in this sector, and the associated industries wiring it up and nobody cared about your degree if you weren't dining with merchant bankers.

      I think the WH is proving at best education is marginal value to hucksters.

      • expedition32 3 days ago

        It's about who you know not what you know is sadly true.

        Let's not pretend that 4 years in an average US/European university creates a renaissance Uber man.

  • docfath 3 days ago

    > A high fraction of college attendance is better correlated with the 21st century decline in America's situation.

    Correlation != causation, but let’s go the correlation route and see where it goes…

    China had correlation between higher-ed and economic growth, so I think you’re just trying to make an argument to support a fascist dictator who doesn’t want to be the dumbest person in the room.

    The decline in Christianity, rise in apathy, rise of industry in other countries, offensive wars, rise of entertainment culture, etc. are correlated also.

    One could also argue that the rise of uneducated conservatives was associated with U.S. decline.

hc12345 3 days ago

Most of the world has severed the two. A lot of what you'd consider key parts of the university experience just doesn't exist in most of Europe or the highly developed parts of Asia. In practice, it's attaching job training to a very, very expensive resort, regardless of who is paying for it. It's pretty nice, in the very same sense that spending 4 years in a beach resort ls also great, but one needs to be absurdly wealthy to choose this model if an equivalent was available without all the features that most of the world has abandoned. The US system would already have been in trouble years ago if it didn't have a government license for being the safest, more reliable way to immigrate into the US. Get rid of the F1 practical training to work visa pipeline, and see many US institutions in serious economic trouble. We can keep trying to keep it working as-is by pushing other people's money into the expensive vacation environment, but without major subsidies, we are already seeing more people realize that the risks are way too high when you have to get loans to attend. There is no idealism separate from economic incentive in institutions that charge 60K per year, plus often a whole lot more for mandatory on-campus housing, without financial aid.

But as it's normal with failing institutions, they'll be extended, kicking and screaming, until they completely collapse instead of reform, like almost every other country in the world already has.

  • ajashdkjhasjkd 3 days ago

    > Most of the world has severed the two

    Yes, and the US system is the envy of the world and is responsible for the overwhelming majority of wealth generated in the US over the past few decades.

    I'm not sure how that's an argument against the US Higher Ed system.

    Edit: The real issue you seem to be pointing to is the cost of attending universities in the US. There are 2 parts to this. 1 is the costs of running a university, and the other is the cost that is paid by the student.

    Most of the rest of the world subsidizes student tuition so students dont pay much out of pocket. The US, OTOH, has been consistently reducing govt support for student tuition. Even worse, it's been pushing students into taking loans that unlike most other loans cannot be discharged during bankruptcy. And even though students aren't required to start paying back those loans until they graduate, they do start collecting interest from day 1, which means a student has picked up a significant burden simply from the interest on the loans they received to pay for their freshman tuition, when they graduate.

    These are all issues with the US system of financing education as opposed to the actual liberal arts education system.

    • rayiner 3 days ago

      > Yes, and the US system is the envy of the world and is responsible for the overwhelming majority of wealth generated in the US over the past few decades

      The benefits of the U.S. university system aren’t generated by average people taking a debt-financed 4 year vacation. They are generated by the same subset of people who would still be attending university even in a scaled down system that sent far fewer people to college.

      • vasco 3 days ago

        In your view the benefits of university are that rich people go there? Did I somehow completely misunderstand?

    • jswelker 3 days ago

      Envy of the world due to network effects and inertia, not due to any inherent superiority of our model. There are some good parts of our model, don't get me wrong, but they do not explain the status of the US system at all.

      • zeroonetwothree 3 days ago

        I don’t see how you can be so confident in that. It’s not at all straightforward to tease apart all the factors.

    • Ekaros 3 days ago

      From European perspective US system is a joke. All built on even bigger joke of high school. Which fails to teach students what they need in general education. And thus you get some weird "general" education irrelevancy being part of degree. Not to even mention how Master's level is not the standard most aim towards.

    • nothrabannosir 3 days ago

      > Yes, and the US system is the envy of the world

      Where in the world have you polled?? because this is categorically opposite to my experience discussing the US college system

      • zeroonetwothree 3 days ago

        I dunno, google any university ranking and you will find the top ten has many from the US?

    • vee-kay 3 days ago

      The education system to be envied by the rest of the world is Norway's model.

    • hackinthebochs 3 days ago

      >Most of the rest of the world subsidizes student tuition so students dont pay much out of pocket.

      And they also severely restrict who can attend university. Of course this is a non-starter in the current US political environment.

      • expedition32 3 days ago

        In my country the only restriction for university is that you have a highschool diploma.

        Getting into the medical faculty is harder because the government does pay for everything and training doctors is expensive- for those the university picks the best and brightest.

        The government also has programs in place to send out students to Harvard and MIT as the future elite of the nation.

    • terminalshort 3 days ago

      > Yes, and the US system is the envy of the world and is responsible for the overwhelming majority of wealth generated in the US over the past few decades

      Citation needed on both counts

    • 59nadir 3 days ago

      > Yes, and the US system is the envy of the world and is responsible for the overwhelming majority of wealth generated in the US over the past few decades.

      Can you elaborate on this a bit? It's very easy to read uncharitably without further elaboration and reads pretty delusional as is.

    • amanaplanacanal 3 days ago

      The US made a big shift from public financing via grants to public financing via loans. During the same period there was a ton of information/propaganda disseminated about how much more lifetime income college grads made vs high school grads. The companies making these loans are doing very well.

      If I believed in conspiracy theories I might think this was all planned.

  • jswelker 3 days ago

    The F1 issue is absolutely real. Foreign students have been the secret sauce in keeping prices lower for US students for a long time now. Trump 1 and now Trump 2 presidencies have created financial crises at most universities just by making vague anti immigration gestures without even materially changing student visas. Presidents and provosts routinely make desperate oversea sales pitches to try to gin up the pipeline. I know of one major state university whose entire financial existence depends on visas from a few companies in Hyderabad.

    • haritha-j 3 days ago

      Vague isn't the word I would use to describe Trump's anti immigration gestures.

      • jswelker 3 days ago

        True, but with respect to the university visa system at least it is pretty vague. The ICE stuff is not targeting Chinese and Indian uni students.

    • vasco 3 days ago

      > have created financial crises at most universities

      Those multi-billion dollar endowments are fine man, don't worry about them, they're not running out.

      • jswelker 3 days ago

        I'm not talking about Ivy schools. I mean regional state and private schools that educate the majority of people who attend college. These do not have multi billion dollar endowments unless you are summing them all up.

      • immibis 3 days ago

        At 4% a billion dollars yields 40 million per year, if you have 1000 staff that's 40k each, barely pays a salary.

        • vasco 9 hours ago

          Yeah and if you had 100k staff it's a pittance!

    • qweqweqwe12 3 days ago

      > Trump 1 and now Trump 2 presidencies have created financial crises at most universities

      Worst financial crisis at any university was probably caused by himself at his own scam Trump University, long before he become president.

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