The problem was the government providing the blank check loans with no underwriting. Without that subsidy from future taxpayers, incentives would be properly aligned.
No lender would have been stupid enough to give 18 to 22 year olds $200k for bullshit degrees and sports facilities.
The onus would have remained on employers and government to pay for education, rather than a certification, because they would have been the ones paying.
College should have never been presented as the only way to the middle class. In high school they shutdown my advanced trades class, maybe I could have been ready to hop into a decent job after graduation.
I recently spoke to a young art school grad who talked about getting on disability over a life of the corporate grind.
Who am I to disagree ? The Pentagon has never passed an audit, the government coffers are effectively a slush fund for defense contractors.
At this point, I think a universal basic income is the only way.
Not enough jobs exist for everyone. Poverty doesn’t need to exist
>College should have never been presented as the only way to the middle class. In high school they shutdown my advanced trades class, maybe I could have been ready to hop into a decent job after graduation.
Not unless you were willing to compete on price against people in China learning the same advanced trades.
No, I search a few YouTube videos, and buy less than $100 of tools and supplies that were made in China from Home Depot, and fix the issue. Or a plumber uses tools and supplies made in China to fix the issue.
“Advanced trades” would be making and fixing the machines used to make the tools and supplies to fix the leak.
No lender would have been stupid enough to give 18 to 22 year olds $200k for bullshit degrees and sports facilities.
The onus would have remained on employers and government to pay for education, rather than a certification, because they would have been the ones paying.