Will All Taxi Drivers Soon Have College Degrees?
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  • Kavanna

    Orzag’s analysis is very questionable. College education in many areas is still valuable and separates one from the non-college educated.

    The real problems are two. One is that many colleges no longer teach useful skills, leaving its economic value questionable. Alternatively, you could state it in terms of students picking absurd majors.

    The other is that more and more students are being pushed into colleges who do not belong there, at least not at age 18. Some can benefit from college at somewhat older age, like mid-20s.

  • Andrew Allison

    Could it be that the the market demand for “the cognitive skills associated with higher education” has been static while the number of graduates has increased?
    The suggestion that taxi driving, firefighting and bartending don’t require cognitive skills is elitist, ridiculous on its face and counterproductive. VM has long argued that not every job requires a college education, and that not every high school graduated will benefit from one: the place to start is by attacking the ridiculous notion that a college degree is a requirement for any job.

  • Dan King

    This post, entitled Getting Richer While Feeling Poorer, is relevant. http://trotskyschildren.blogspot.com/2013/06/getting-richer-while-feeling-poorer.html

  • ljgude

    My grandson is going to college this fall already employed part time through ODesk, the internet employment agency that gets contract workers together with businesses needing certain jobs done like Web design and maintenance, A techy Task Rabbit, if you will. Because his father taught him how to do the often picky web maintenace work that can’t be automated (for now), he has a way to earn rather than borrow. He may be doing entirely different kind of work by the time he graduates, but the point he is already swimming in the 21st century job market. There is nothing stopping any kid with college level ability operating in this kind of market, but it will not occur to many of them…or their parents. There is nothing precocious or even very geeky about my grandson – he has gotten interested in computers rather late, but he has seen the opportunity and reacted with enthusiasm. I think that used to be called ‘an eye for the main chance’.

  • Jim__L

    To answer the title’s question:

    Of course. Taxi drivers will have degrees in Computer Science and Electrical Engineering, and one team of “drivers” will produce (and maintain / debug) the software and hardware that will run thousands upon thousands of “driverless” taxis.

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