It’s also just a general pattern that when a skill is in high demand, the jobs pay great. Everyone wants great pay, so the flood the schools to acquire that skill. Eventually things reach a saturation point.
And also there are always charlatan programs that take your money to hand out worthless certifications. As time goes by, these “educations” mean less and less, a lot of people just nab them online because they want to make better money fast, and there are fewer and fewer real jobs unfilled. Until we arrive at a point like this.
Yes my point is that it’s a feature of using the market to decide these variables in the economy, that includes the supply-demand dynamics. If we used some form of planning at the macro level that takes data from the industry and educational institutions, project long term direcrion, and propagate targets or at least expectations down the industry and educational institutions, we could save a ton of real resources and parts of people’s lives, and reduce the negative social effects of this process. Effects that destabilize the whole system if they grow to any significant proportions.
It’s also just a general pattern that when a skill is in high demand, the jobs pay great. Everyone wants great pay, so the flood the schools to acquire that skill. Eventually things reach a saturation point.
And also there are always charlatan programs that take your money to hand out worthless certifications. As time goes by, these “educations” mean less and less, a lot of people just nab them online because they want to make better money fast, and there are fewer and fewer real jobs unfilled. Until we arrive at a point like this.
It’s a supply and demand issue.
Yes my point is that it’s a feature of using the market to decide these variables in the economy, that includes the supply-demand dynamics. If we used some form of planning at the macro level that takes data from the industry and educational institutions, project long term direcrion, and propagate targets or at least expectations down the industry and educational institutions, we could save a ton of real resources and parts of people’s lives, and reduce the negative social effects of this process. Effects that destabilize the whole system if they grow to any significant proportions.