{"id":24200,"date":"2012-02-18T00:38:20","date_gmt":"2012-02-18T00:38:20","guid":{"rendered":"http:\/\/rafaelfajardo.com\/portfolio\/theres-an-education-bubble-which-is-like-the\/"},"modified":"2012-02-18T00:38:20","modified_gmt":"2012-02-18T00:38:20","slug":"theres-an-education-bubble-which-is-like-the","status":"publish","type":"post","link":"https:\/\/rafaelfajardo.com\/portfolio\/theres-an-education-bubble-which-is-like-the\/","title":{"rendered":""},"content":{"rendered":"<blockquote><p>There\u2019s an education bubble, which is, like the others, psychosocial. There\u2019s a wide public buy-in that leads to a product being overvalued because it\u2019s linked to future expectations that are unrealistic. Education is similar to the tech bubble of the late 1990s, which assumed crazy growth in businesses that didn\u2019t pan out. The education bubble is predicated on the idea that the education provided is incredibly valuable. In many cases that\u2019s just not true. Here and elsewhere people have avoided facing the fact of stagnation by telling themselves stories about familiar things leading to progress. One fake vector of progress is credentialing\u2014first the undergraduate degree, then more advanced degrees. Like the others, it\u2019s an avoidance mechanism.<\/p><\/blockquote>\n<div class='attribution'>\n<p><strong><em><br \/><\/em><\/strong><\/p>\n<p>i don\u2019t always agree with Peter but he\u2019s spot on about education<\/p>\n<p><a href=\"http:\/\/www.the-american-interest.com\/article.cfm?piece=1187\">A Conversation with Peter Thiel &#8211; The American Interest Magazine<\/a> (via <a class=\"tumblr_blog\" href=\"http:\/\/pegobry.tumblr.com\/\">pegobry<\/a>)<\/p>\n<p><em><strong>Paul Higgins: This is a big issue for something which is seen as a long term investment. As career changes and job changes have become more frequent the value of the initial piece of paper has reduced. I think that value for fundamental skills education with a bit of paper on the end of it will continue to have value. However the rise in \u201cjust in time\u201d skills transfer, the creation of all sorts of new jobs in a rapidly changing world, and multiple sources and channels for education are rapidly devaluing the specific skill qualification.\u00a0<\/strong><\/em><\/p>\n<p>(via <a class=\"tumblr_blog\" href=\"http:\/\/emergentfutures.tumblr.com\/\">emergentfutures<\/a>)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>There\u2019s an education bubble, which is, like the others, psychosocial. There\u2019s a wide public buy-in that leads to a product being overvalued because it\u2019s linked to future expectations that are unrealistic. Education is similar to the tech bubble of the late 1990s, which assumed crazy growth in businesses that didn\u2019t pan out. The education bubble [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[10],"tags":[],"class_list":["post-24200","post","type-post","status-publish","format-quote","hentry","category-words","post_format-post-format-quote"],"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/p6PWot-6ik","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/24200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/comments?post=24200"}],"version-history":[{"count":0,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/posts\/24200\/revisions"}],"wp:attachment":[{"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/media?parent=24200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/categories?post=24200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rafaelfajardo.com\/portfolio\/wp-json\/wp\/v2\/tags?post=24200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}