Caplan: Broad educational attainment simply inflates employer hiring requirements
Bryan Caplan · a16z Podcast | The Case Against Education, From Signaling to Rainbow's End · Jan 2, 2019 · at 20:40
Bryan Caplan, economics professor at George Mason University, explains the credential treadmill effect during a discussion on education on the a16z Podcast.
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“There is this treadmill or rat race effect where for any one individual that would give them more opportunities, and that's true, but if you go and give a whole generation more opportunities, the result is just that employers jack up the educational expectations to be to even to give you an interview, much less to hire you or train you, and because most of the job skills people actually have Are getting on the job. That's really the crucial step, is finally getting, you know, convincing an employer that you deserve to be trained to do something real.”
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