Interesting Perspective: The College Scam Explained!
109,321
DESCRIPTION
A new book makes the case against education. Who would argue against education?
Economics professor Bryan Caplan. He tells John Stossel that "what we need to do is to go back to a world where college is not so accessible."
That's because most people don't learn much in college. Studies find that a third of people haven't learned anything detectable after four years in college.
Yet government pours about $80 billion a year into college subsidies.
"Taxpayers ought to know that they're getting ripped off," Caplan tells Stossel.
He says taxpayer money mostly helps more people signal their ability to conform to college expectations.
When people get fancier degrees, says Caplan, "their income generally goes up...but the reason...is not really that college is pouring tons of job skills into you. The reason is that it's impressive."
Lots of signaling, he points out, is bad for society.
"Imagine that you were at a concert, everyone's sitting down and you want to see better," Caplan says. "What can you do? Well, you can stand up, and of course then you'll see better. Now, it does not follow though that if everyone stands up, everyone sees better."
As more people get degrees, more employers demand that "signal."
Employers now require degrees for "jobs where it used to be crazy to think they would need a college degree," like being a high-end waiter, says Caplan.
Stossel pushes back: Surely college is also about learning.
Caplan responds that if students wanted to learn they can just walk on to a campus and attend class. Caplan says professors are happy to let the student attend. But few students do that.
"In people's bones they realize that what really counts is that diploma," Caplan argues.
Caplan does think college is great for a few people like him—tenured professors. Posted By Ghost
nextvideos
The Dark Arrest of Diddy Explained!
77,743
Interesting: How The Internet Travels Across Oceans!
80,448
Former Scammer From India Explains Why He Went Undercover To Help Warn Would-Be Scam Victims!
93,946
Talk About Front Row Seats.. The Speed And Power From This Perspective Is Unreal!
270,504
He’s Down Bad: NFL Player, Darren Waller, Loses His WNBA Wife After She Filed For Divorce… Then Releases A “I Miss You” Song!
90,649
Perennial Dependents: Welfare For Black Americans Explained Under 2 Minutes!
83,713
Capitol Building Cop Runs Away From Trump Protesters!
220,706
Where He Think She Was Finna Take Him? Shorty Recorded Some GTA Ish From The Civilian Perspective!
198,947
100 Percent Accurate!? Living In LA From A New Yorker's Perspective
108,190
Interesting: A Day In The Life Of Captain Piloting An Overcrowded Ferry Boat!
84,243
ZoeTalesByLonzoeYoung - Story of THE DEVIL (S3;Ep4) [Sponsored]
20,501
Don't Get Got: The Shell Game Scam Gets Exposed!
132,625
Interesting: A Look Inside The Lays Chips Factory.. How Fresh Potato Chips Are Made!
72,712
Damn: Track & Field Just Got A Lot More Interesting!
195,140
Interesting & Heartbreaking: Conjoined Turtles Fight Over A Food Pellet!
60,746
Scam Gone Wrong: Dude Tried To Scam This Seller With Counterfeit Bills For A Washer & Dryer And This Is How It Played Out!
126,810
Hold Up, You Sell What? This Chick Has Quite An Interesting Invention For The Ladies!
294,609
Man Sets A Trap And Gets This Entire Indian Scam Call Center Arrested!
166,573
"Be Not Afraid" What Angels Really Look Like According To The Bible!
236,953
Be Aware: Scammers Using A New Technique To Steal Peoples Checks!
94,044
Interesting: How Witness Protection Manages To Keep A 100% Success Rate!
91,297
Interesting: Visual Explanation On How Engineers And Construction Workers Build Underwater!
114,133
Black Republican Candidate Running For Congress Makes A Very Interesting Commercial!
80,166
He Earned That Meal: Dude On A Bike Randomly Interrupts A Hawk With A Nice Size Rat He Just Caught!
60,731
Interesting: A Look Inside The US Navy’s Indoor Ocean.. It Can Simulate Any Wave In The World!
148,091
She Knows Whats Up: Married Couple Get Put Through The Loyalty Test And Things Took An Interesting Turn!
85,817
Crazy How Spot On Some Of These Are… How People In 1899 Imagined What The Year 2000 Would Be!
118,266
Bodycam Game Has The Most Realistic Graphics Ever!
73,440
Joe Rogan Speaks On The Olympics & Says It's A "Giant Scam"
97,970
It's All A Lie? People Are Saying The Hysteria Of Shoplifting Is A Scam!
89,552
Scam Call Takes Weird Left Turn When Scammer Gets H*rny!
290,949
Welp: The Washington Football Team Has Official Changed Their Name, And Social Media Is Already Making It Into A Meme!
118,081
Yelling At Us & Ain’t Even Call The Number?! The Man From Those Everest College Commercials Says He Never Went To College & Then Drops Game!
154,138
"You've Lost The Rap Battle" Seth Rogen Pinpoints The Moment Drake Officially Lost The Kendrick Lamar Beef And Explained How Crazy The Whole Thing Is!
91,826
Wrapping A Rocket In Foil Creates Chaos!
157,043
Spoke His Mind: Man Has An Interesting Take On This Idea Of "Taxes"
87,846
Adin Ross & Sneako Ask NY College Students To Choose Between Donald Trump & Joe Biden!
89,845
Self Snitching 101: Dude Teaching Tiktokers How To Scam Using Business Credit!
88,705
Habibi Busts A Couple Trying To Scam Him With A Fake Check!
168,294
Monster: This College Linebacker Is Just Built Different!
285,882