Monetizing a Tertiary Education

Discussion in 'Economics & Trade' started by LafayetteBis, Jul 6, 2018.

  1. Reiver

    Reiver Well-Known Member

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    College is rarely free. Even if you have zero tuition fees and subsidies for living expenses, there are still opportunity costs in terms of losing 'potential' earnings while studying.
     
  2. Leo2

    Leo2 Well-Known Member

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    Thank you - I did Google him, and whilst he is doubtless a popular and distinguished local chef, it is not entirely surprising that someone (who is not a 'foodie') on the other side of the world has not heard of him. And I have done enough Latin to know that 'curating' means 'taking care', and I know that libraries, museums, and artistic collections usually require curators to assemble and present their artefacts - but how does one 'curate' food?

    To each his own, of course, and I don't want to come across as elitist, but I do not consider knowledge of a local chef to be as important or useful as knowledge of the world's greatest musicians and philosophers.
     
  3. Old Man Fred

    Old Man Fred Well-Known Member

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    I apologize for that, as it was an American reference, and I sometimes forget that there's a world beyond my incredible country.

    A chef curates a meal by assembling and presenting a medley of food and drink well paired to each other. At a certain price point, you cease to be a chef, and become a curator.

    And it is genuinely impossible to come across as elitist when I brought up a man who's restaurants run $1100 for a dinner for two. You enjoy music, which is great but not my particular taste, while I enjoy food. As we grow older tastes change, often a reflection of our childhoods. When I work out, I remember of bodybuilder father, and when I cook or eat at an amazing restaurant, I remember my grandfather(who was a restaurateur).
     
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  4. Old Man Fred

    Old Man Fred Well-Known Member

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    Now that's just ridiculous. College students don't have full time employment? How will they develop a healthy taste for work?
     
  5. Reiver

    Reiver Well-Known Member

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    Simple reference to human capital. Look it up
     
  6. Leo2

    Leo2 Well-Known Member

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    With respect, I cannot entirely agree. I am reading for a double-degree in Laws, Jurisprudence, and International Affairs, and will very likely go on to do a Masters, so I will not be able to undertake full time employment for a number of years to come.

    Work is a varied and mutable term, and the labour of a research scientist or a High Court judge is no less onerous that that of a ditch digger. Whilst the physical effort is incomparably less, the responsibilities involved, and the acuity necessary, is well beyond that required of a manual labourer. Both activities, however, are work.

    And I assure you that the discipline required to complete complex university degrees gives one extensive experience of 'work'. I suspect that earning my keep before the bench, resplendent in horsehair wig, will be a doddle by way of comparison. :)
     
  7. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    "Work" is just like a commodity, that is, Supply&Demand determine its remuneration.

    We need not make work any more important than it is - meaning it is an input to the production of goods/services. Just like a good many other "inputs" all of which bend to the market-context of Supply&Demand for their determination of "cost".

    Where it goes wrong, especially in the US, is when floors are not established to assure that "all work" obtains a useful income for an individual or a family that allows a decent standard-of-living. Which essentially means that the Minimum Wage must be in line with said standard.

    And in the US, that is not the case today ...
     
    Last edited: Aug 29, 2018
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  8. Old Man Fred

    Old Man Fred Well-Known Member

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    I'm not questioning opportunity loss, but the fact that every time NPR brings it up everyone commenting complains about how they work full time and handle a full course load.
     
  9. Old Man Fred

    Old Man Fred Well-Known Member

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    My wife's a lawyer, and I always tease her on what she calls "work"
     
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  10. Reiver

    Reiver Well-Known Member

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    Even if you work full tume, there are sizable opportunity costs. For example, students are forced into zero hour contract and service sector low paid employment.
     
  11. Observing

    Observing Well-Known Member

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    Because education is educating the whole person, not just education of the things that may appeal to the individual. Employers want skills in performing a task, but they also want people that can relate and work with other people, Have a knowledge of other issues that will help them grow.
     
  12. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    There is a lot of wasted talent and skills in the United States because many are unable to afford higher education or on the job training. Nobody, and I mean nobody wants to invest in training or education concerning the ordinary average American. This is what hopelessness of a nation looks like.
     
    Last edited: Oct 4, 2018
  13. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    Kind of reminds me when I was working at a pharmaceutical company warehouse where this woman got the highest paying job because she was a sociology college major and the rest of us non college educated workers were disqualified because we didn't have any institutional credentials.

    Really though, there are a lot of college educated idiots in the ranks of the working class and the reason they're all sought after is because they're all conforming yes men or women that won't rock the establishment boat that will take orders no matter how absurd they are.

    Many college degrees especially the useless variety in the example of my post here is just a certification of establishment obedience, conformity, and indoctrination unlike all of us feral wild self educated non college attending people. That's what it seems like anymore and when I speak of some college educated idiots boy do I mean they are dumb.
     
    Last edited: Oct 4, 2018
  14. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    No there is most definitely a free market, it's called paying people little next to nothing where you might as well call it "free, or them almost working for free" so you can extract productive things of value from their labor.

    That's at least is my definition of what a free market is.
     
    Last edited: Oct 4, 2018
  15. Reiver

    Reiver Well-Known Member

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    That's not a free market mind you. That is free market economics, built on increasing underpayment and guaranteeing supply and demand is irrelevant to the labour market.
     
  16. Old Man Fred

    Old Man Fred Well-Known Member

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    How do you learn to relate to other people in a school?

    Because it forces me to interact and play nice with degenerates who can't preform simple tasks without someone holding their hand?
     

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