How can I short American Secondary Education? Soon the people will realize what a perfect parasite colleges have become. The perfect parasite allows its hosts to come to it and it reaps from them blindly.
I want to profit off of its demise once its cloak has been pulled and its dagger is free for the world to see.
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You tell kids to go to trade school.
You can short it by investing in Chinese education.
>yfw this is all because of a supreme court case that bars employers from using cognitive tests for employees on the grounds that blacks fail them more frequently, thus creating the growth of college degrees as a form of signaling competence
>median income
>34k
that is just a lie lmao. Even a liberal arts major makes at least 60k straight out of college these days...
Also, median debt probably excludes people with no debt. Tons of non-retards graduate with no debt due to going to cheaper schools, working (even though they tell you not to now), and scholarships.
Never married is obvious since there are no benefits anymore.
One actual difference is that back then if your parents were rich they just paid for your college, and it wasn't shamed like it is now. Rich parents now are assholes they convince their children to go to crazy expensive schools but then saddle them with the debt instead of paying. I know a lot of friends who fucked themselves by going to expensive schools because their rich parents convinced them, even though going to the state school would have been just as good. Of course they take pride in supposedly paying their own way, even though its debt.
Well you're like the guys in The Big Short who knew houses (degrees) and mortgages (student debt) were going out to people that had no business having them.
Except the mechanisms hose you. There aren't ways for everyone to dump degrees on the market en masse, only a meme gradually spreading through high schoolers and younger that "college isn't worth it". That's not a dramatic, self-reinforcing cycle like people selling homes, driving down prices, forcing other people underwater to sell *their* homes. So the asset side will flatline or decline, with a larger fraction shifting into trade schools or coding bootcamps
The loan side also isn't as fun. Until/unless Trump has more congressional power and turns his focus (back) to academia, or fires the spineless bimbo DeVos, student loans are untouchable, guaranteed to be issued and undefaultable. It'd be like betting against farm subsidies.
So growth will slow down and stop, private student loans (that are more accurately priced) will default at roughly expected rates (everyone expects women's studies majors from shit tier colleges to default differently from doctors) and you don't really have any black swans to hunt.
Based trips and based Griggs v Duke Power citer.
OP here, I just graduated in may with a chemical engineering degree, 3.01 gpa, a years worth of co op experience and an internship doing undergraduate research. after 2 months of job hunting I have finally accepted a position after my first interview for 17 $/hr.
You do not know what you are talking about.
will look into this, I did not know. checked btw
So it cant be done or isnt profitable
>house prices
Funny, this is another one caused by minorities. Under the Clinton and Bush admins, enforcement guidelines under the Community Reinvestment Act were changed to more diligently go after banks who didn't lend to ethnic minorities, as part of Bush's home ownership initiative. Needless to say they were never going to be able to pay back those loans.
As a rule, whenever you find a stupid law in America, changes are a Supreme Court case surrounding blacks was involved.
* also from a well established and accredited university
I began looking into this shit as I was trying to convince my best friends little brother (who is like a brother to me as well) that going to college is a waste of money. He wants to go "to have fun and an experience" I have been trying to convince him that he should ask his parents for the money they would give him for school and instead travel the world for an IMMENSELY greater experience than getting drunk and banging roasties for far cheaper.
Also on a related note: Few people know this but Civil Rights was actually passed through the Commerce Clause. It was ruled that hotels barring blacks from staying at them constituted interstate commerce, since they would've been less attracted to visit from out of state, and precedent existed for Congress to legislate morality by the Commerce Clause. This struck down segregation, more or less, by enabling certain questionable titles of the Civil Rights Act, iirc.
This ruling was made possible by an activist interpretation of "commerce" in Wickard v. Filburn (1932), in which a wheat farmer who grew more than the quota and used it to feed his animals was ruled as engaging in commerce (note that this is not interstate and not commerce) because he would've bought wheat on the market in the counterfactual, so he engaged in commerce, in a way. Thus literally anything that might affect commerce in a way can be regulated as commerce. By not participating in a market, you are effecting the market, so you are participating in it, in effect. Truly the Supreme Court is like a malignant Papacy.
>after 2 months of job hunting
Are you including the oil industry in your job hunt? There've gotta be new refineries staffing up or replacing retiring boomers.
Well not to the extent that someone earning $17/hr can profit any meaningful amount or with any investing resources you have access to. TBS (the book and, to a lesser extent, the movie) goes into some similar hurdles but at a bare minimum ballpark you need six figures. A killer Robinhood options play will net you, say, four figures, but that's dwarfed by just negotiating a better salary your first year.
CRA didn't drive a meaningful fraction of loans, IIRC. A flow of naive international capital and Wall Street's shiny new toy of MBS's played a much larger role.
this
>t. homeschooled pol sperg
gun laws are under commerce clause too. almost everything is
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The most relevant quote ever.
This, but they bump blacks' SAT scores up by like 250 points for the purpose of college admissions anyway.
Friendly reminder that BA is a boiled down degree Germany didn‘t even want to accept at first.
American education is a joke anyway, our german fifth graders solve math your 18 year olds can‘t.
(((The Commerce Clause)))
Anyone with a basic knowledge of game theory and incentives can see that this clause allows for complete totalitarianism. You can't have that sort of shit in a democratic system, it's too easy to abuse.
Er okay German bro. Thanks for the solidarity m8.
Then why do we run you and not the other way around?
I would like to know what the actual costs of college/uni are in Europe. I know I know, it's free whatever, but nothing is actually free, the price just gets shifted onto someone else. What are the actual costs per student? Anyone know? Can't find anything by duckduckgoing, just get a bunch of sensational articles like "Why Americans are moving Europe for Free College!!!"
not for long my friend. we are working on our wunderwaffes which we smuggled to the pyrenees mountains near Spain after 1945.
> bars employers from using cognitive tests
Yet the SAT/ACT is basically an IQ test.
The google interviews back in the day, when they hired on merit, were as well.
>our shitty education made us rule dat world
correlation =/= causation faggot
Maybe it’s because we rather spend our money on free education and healthcare instead of paying 59% taxes to a military social
welfare program?
No college education.
Jr C# programmer + network admin + buck stops here guy. $43k a year