I feel like that was a weird example to use because it is probably not very representative
― iatee, Tuesday, 5 March 2013 02:52 (eleven years ago) link
dear high times magazine,
i thought the letters here were fake until something similar happening to me!
― Mordy, Tuesday, 5 March 2013 02:53 (eleven years ago) link
lol mordy
― space phwoar (Hurting 2), Tuesday, 5 March 2013 02:55 (eleven years ago) link
that girl shoulda stolen the weed
― iatee, Tuesday, 5 March 2013 02:56 (eleven years ago) link
I mean maybe the 75 y/o has crime connections to hunt down bad interns but if not is she gonna tell the cops 'my unpaid intern stole my illegal drug crop'
― iatee, Tuesday, 5 March 2013 02:58 (eleven years ago) link
also kind of wondering how she managed to repeatedly put $35,000 in tax-free income into a retirement account without anyone noticing
― space phwoar (Hurting 2), Tuesday, 5 March 2013 03:03 (eleven years ago) link
well the kid might have been guessing about the financial side of things
― iatee, Tuesday, 5 March 2013 03:05 (eleven years ago) link
― iatee, Monday, March 4, 2013 6:58 PM (13 minutes ago) Bookmark Flag Post Permalink
if it's denver it's legal and she should quit writing and start growing imo
― Gunoka Cuntles (Matt P), Tuesday, 5 March 2013 03:14 (eleven years ago) link
the unpaid intern that is
ha rereading it you're right it was in denver or sf
it could be denver but it sounds more like something an old person in sf would do
― iatee, Tuesday, 5 March 2013 03:22 (eleven years ago) link
^yeah that occurred to me as likelier
― Gunoka Cuntles (Matt P), Tuesday, 5 March 2013 03:23 (eleven years ago) link
also I like how getting a job at collegehumor is making it to a respectable career
― iatee, Tuesday, 5 March 2013 03:23 (eleven years ago) link
xp also if it was in denver it would be the basement not the garage.
― Gunoka Cuntles (Matt P), Tuesday, 5 March 2013 03:25 (eleven years ago) link
you have to register to read, but this is well worth it on securitized student debt: http://ftalphaville.ft.com/2013/03/04/1408332/having-toilet-papered-a-tree-students-move-on-to-trash-abs-market/
puts some things in perspective.
― s.clover, Tuesday, 5 March 2013 18:01 (eleven years ago) link
and a followup on broader stuff: http://ftalphaville.ft.com/2013/03/04/1408892/damn-straight-im-a-college-grad-paper-or-plastic/
― s.clover, Tuesday, 5 March 2013 18:02 (eleven years ago) link
I like this:
Assume there are two colleges (A and B) that would both like to move up in the rankings. College A can only move up in ranking if College B moves down (zero sum game). A college can move up in the rankings if it can raise tuition and therefore invest in the school by improving the facilities, hiring better professors and offering more extracurricular activities. If College A increases tuition and College B does not, the result is the upper right corner, which is optimal for College A as it scores a “1” while College B drops by one. However, if College B also raises tuition, the result is the upper left corner, which leaves the rankings unchanged, both with “0”. If College A does not increase tuition but College B does, the result is the lower left corner, which is the best outcome for College B. The final outcome is when neither raises tuition, which is the lower right corner. The dominant strategy is therefore to increase tuition to avoid falling in the ranks (Chart 8).
― iatee, Tuesday, 5 March 2013 19:16 (eleven years ago) link
I think people really underrate how huge a negative influence one stupid magazine has been on higher ed
― iatee, Tuesday, 5 March 2013 19:17 (eleven years ago) link
Why Twenty-Somethings Aren't Doomed to Be Poor (but Thirty-Somethings Might Be)
― wk, Monday, 18 March 2013 17:20 (eleven years ago) link
unemployment was 10.8% in december 1982 so using 1983 wealth as a comparison point is sorta misleading
― iatee, Monday, 18 March 2013 17:24 (eleven years ago) link
not sure I get your point. Under-40s had accumulated 7% more wealth in 1983 than today's under-40s, despite that 10.8% unemployment.
― wk, Monday, 18 March 2013 17:32 (eleven years ago) link
haven't the measures of unemployment changed since 1982?
― space phwoar (Hurting 2), Monday, 18 March 2013 17:33 (eleven years ago) link
my point is that that it's a comparison that needs context, like the gap would prob be bigger if the start date was 1988
― iatee, Monday, 18 March 2013 17:36 (eleven years ago) link
yeah I see your point
― space phwoar (Hurting 2), Monday, 18 March 2013 17:37 (eleven years ago) link
real problem is: "In some senses, twenty-somethings are collectively even better off than that blue line suggests. The fraction of 25-to-29-year-olds with a bachelor's degree has grown by almost 40 percent since early 80s, and while today that means more of them are saddled with student debt, in the long-run, it means they'll likely have higher earning power."
...unless the value of a bachelor's degree has in any way gone down in that same exact time period.
― Doctor Casino, Monday, 18 March 2013 17:40 (eleven years ago) link
http://www.theonion.com/articles/company-immediately-calls-job-applicant-upon-seein,31669/
― iatee, Monday, 18 March 2013 18:32 (eleven years ago) link
That's not that far from my post-college resume.
― space phwoar (Hurting 2), Monday, 18 March 2013 18:36 (eleven years ago) link
that article really hit a raw nerve w/me more than most Onion articles
― Heyman (crüt), Monday, 18 March 2013 18:38 (eleven years ago) link
I mean, English major from state school with mediocre GPA, writing for school newspapers and lit mags, non-fluent spanish, etc.
― space phwoar (Hurting 2), Monday, 18 March 2013 18:41 (eleven years ago) link
haha yeah, that one is definitely funny because it hurts.
― Doctor Casino, Monday, 18 March 2013 18:41 (eleven years ago) link
http://www.theatlantic.com/business/archive/2013/04/heres-how-little-math-americans-actually-use-at-work/275260/
haha, lower level white collar jobs
― j., Thursday, 25 April 2013 06:30 (eleven years ago) link
blatant mathism on display here.
― Spectrum, Thursday, 25 April 2013 10:19 (eleven years ago) link
that's not a thing.
― Chuck E was a hero to most (s.clover), Thursday, 25 April 2013 12:39 (eleven years ago) link
http://www.theatlantic.com/business/archive/2013/04/are-student-loans-destroying-the-economy/275083/
questionable article, although it seems possible that maybe as bad as things are for college grads, degree is still better than no degree. Faint praise.
Great stuff in the comments though.
― huun huurt 2 (Hurting 2), Thursday, 25 April 2013 13:50 (eleven years ago) link
the argument only holds if we assume college really is an investment in human capital for the majority of people who go
― iatee, Thursday, 25 April 2013 13:55 (eleven years ago) link
in any case cars and houses are terrible investments too so it's kinda a wash
― iatee, Thursday, 25 April 2013 14:00 (eleven years ago) link
Is part of the problem that we've tried to convince generations that home ownership is an investment?
― The Great Natterer (dandydonweiner), Thursday, 25 April 2013 14:02 (eleven years ago) link
yes
― iatee, Thursday, 25 April 2013 14:04 (eleven years ago) link
― iatee, Thursday, April 25, 2013 9:55 AM Bookmark Flag Post Permalink
yeah this was one of the thoughts I had reading it, that we might be getting an "average" that's distorted by the minority who get most of the gains from college education
― huun huurt 2 (Hurting 2), Thursday, 25 April 2013 14:06 (eleven years ago) link
http://www.enduringvision.com/news/images/health_020309.png
me irl
― hoospanic GANGSTER musician (BIG HOOS aka the steendriver), Thursday, 25 April 2013 14:07 (eleven years ago) link
From the comments section "According to Pew, only 42% of college graduates held college-level jobs, on average, from 2003 through 2011."
irl sigh
― Van Horn Street, Thursday, 25 April 2013 14:14 (eleven years ago) link
well also the 'college premium' is as much about how far the bottom has dropped as how nice it is in the middle. lots of people spent a lot of money and some of them signaled themselves into what's left of america's white collar jobs. great. I mean it's def a 'better investment' than an SUV.
xp
― iatee, Thursday, 25 April 2013 14:16 (eleven years ago) link
i believe all high school grads should invest in gold instead
― 乒乓, Thursday, 25 April 2013 14:20 (eleven years ago) link
maybe also bitcoins
oh and another thing that gets left out is the likelihood of leaving college in debt without finishing, which is high at lower-end institutions.
― huun huurt 2 (Hurting 2), Thursday, 25 April 2013 14:26 (eleven years ago) link
yeah that's a good point and also significantly higher for low income kids.
― iatee, Thursday, 25 April 2013 14:30 (eleven years ago) link
it's pretty similar to the "is law school a good investment" question -- it depends so much on the individual and the schools they can get into and the amount it will cost them that giving a generalized answer at all is kind of irresponsible
― huun huurt 2 (Hurting 2), Thursday, 25 April 2013 14:36 (eleven years ago) link
The debt issue is huge, even though it's probably easier to walk away from college debt than other kinds.
I don't know what to do about my kids or how to advise them on this issue.
― The Great Natterer (dandydonweiner), Thursday, 25 April 2013 14:39 (eleven years ago) link
wrong, it's harder to walk away from college debt than other kinds
― huun huurt 2 (Hurting 2), Thursday, 25 April 2013 14:40 (eleven years ago) link
to wit, it is not possible
― resulting paste of mashed cheez poops (silby), Thursday, 25 April 2013 14:40 (eleven years ago) link
not dischargeable in bankruptcy