Peter Thiel on Over-Educated Workers in the U.S. Economy

There certainly is.

It's true that San Francisco has a highly credentialed population, but it's also a highly woke population, and the woke are not very good at putting considered thought into things.

San Francisco is a basket case for the same reason all of CA is a basket case: Proposition 13, which forces the state and all local governments to give exorbitant, increasing, and unsustainable subsidies to landowners. Its effect is just intensified in San Francisco because of its mature economy and small land base.

 

Exactly my point.

 

"bourgeoise Liberals"
Imagine an extremely socially progressive liberal minded person who has to work in a corporate job 50 hours a week and has to remain together with their spouse--whether they might prefer to or not--to be able to continue to afford making the mortgage payments.

The hippies from the 1960s got pushed out long ago.

There was an amusing news article I read about San Francisco residents continuing to live together with their spouses or long-term partners because they could not afford to separate. The housing costs and childcare costs are so expensive. Even though these people don't believe much at all in the concept of personal commitment in relationships.

The Bay Area is so expensive divorced parents can't afford to live separately (sfgate.com), Amy Graff, May 3, 2018

 

I have a bachelors degree and I work in an industry where most of my peers do not have any degree. But to be fair, I did get hired over the other guy way back when because of that degree- I have one, he didn't, thats what got me hired even though no degree was required. So it wasnt totally useless...

 

To you. What about to society?

It was only useful to you because they decided to hire you instead of the other guy.

 

I didn't get it to be useful to society. Society didn't pay for mine.

 

This is a political forum. We are here to discuss political issues. The question is all about whether the education we are discussing confers an actual benefit to society, so we can decide whether and how much government should be paying for it.

I don't know if you're familiar with a concept known as the fallacy of composition, but it informs us that a benefit to the individual does not necessarily constitute a benefit to the group; what may be true for each individual part may not hold true for the overall group of those parts.