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My guess: It is politically wanted to have graduates that will take any job because they are deep into debt with no chance of getting rid of it through bankrup
by simfoo 6y ago
My guess: It is politically wanted to have graduates that will take any job because they are deep into debt with no chance of getting rid of it through bankruptcy. This pressure keeps wages down and "motivation" up.
- delusional 6y agoFrom a purely free market perspective, it makes sense. getting educated takes resources, that education then has to earn you more resources in the long run, meaning you can pay off the loan. That ignores all the sociatal benefits from having a more well educated poopulous, and I like free education, but you can't deny there's some internal logic there.