me:
yepI think uni should be an investement for economic reasons and pure principle. But if it was an up front cost that wouldn't be fair on poor people. So the system now is a perfect balance
him:
well
I wouldnt say perfect
even poor people can easily go to uni
meaning if you don't go to uni
it's almost impossible to get a high paid job
as everyone fucking goes
me:
that's backwards. It's statistically harder to get a job with a degree now than it was in the 60's when not nearly as many people went to university and had degrees. More degrees in the market lessens their intrinsic value
him:
isn't that what I said
I said because everyone goes to uni
it's worth less
me:
you said if you don't go to uni it's almost impossible to get a high paid job because everyone goes. I'm saying if you don't go to uni it's easier to get a higher paid job because the value of the degree is less because everyone goes
him:
but it's almost become a standard to have a degree for a higher paid job now
was speaking to my friend who worked for microsoft/jagex and he said not a single person he worked with didn't have a degree, my point is it's fucking retarded
we have made it worse for ourselves
by making it too easy to go to uni
we = england
not me and you
lol
or just generally society I guess
me:
if you think about this purely logically from a population standpoint: there are so many jobs in the country. If 20% of the population have degrees they're more likely going to take up the top 20% of jobs (generalising). If 50% of people have degrees they're going to take the top 50% of jobs. That means that if you're in the 50% then statistically you have a chance of getting into the top 1/2 of the jobs as opposed to the top 1/5 of jobs
him:
man, I really want to understand that but it's so fucking late, I'm not dismissing this discussion but srsly man
1am
me:
thank you for saying that because i wanted to say that because ive been up since 4am
and think im dying
lol
speaking of which goodnight
I'm fairly certain my last argument doesn't hold up to scrutiny, but I'm not sure.
Can anyone explain to me their view on how the amount of degrees in a market affects their value, and affects the average probability of income of both degree owners and non degree owners?
Thanks