Reply to Degree creep- when will it stop?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As someone with a PhD, I don't think formal education is necessarily the direct path to a well paid job any longer. It is actually the opposite, the lack of education is. Too many teenagers and college drop-out creating start-ups out their basements while the rest of us are left drowning in education debt.

Innovation is the path to a well paid job, formal education is the path to learning about what someone else innovated. [/quote]

+1 [/quote]

[b]While I get what you are saying[/b], every start up really only needs 1 or 2 top innovators/ creators (and that is not talking about the MANY failed starts)- when one of them blows up they hire people with pedigree educations. Facebook only has 1 Zuckerberg, they have almost 10K employees and you bet your bottom that they aren't mostly college dropouts. I have a great friend who recruited for Google in SE Asia for about 4 years. She would always say that you not only needed credentials but you practically needed a "gimmick" to get in the door at Google US, great school and solid experience, just OK, also took sabbatical to travel to inoculate orphans on a mountainside village inaccessible by cars, well now we might interview you. (Not saying developing nation work is a "gimmick" just to say that in the field you are romanticizing as being filled with pioneers who drop out, it isn't really accurate.[/quote]

No you have missed the point, simple because you are not thinking out the box (proving my point about lack of innovation). Typically, you assume the best examples of start-ups are always FB, Twitter etc, while the rest of the world gradually leaves you behind. By no means are Google and FB the standard.

In other words, the wealthiest ppl in the world today are very secretive, elusive, and actually don't need degrees or ppl with degrees to out do many on the Forbes list.

Picture a young SE Asian nerd sitting behind computer screens 18hrs per day pulling in millions in income from trade executions in one day; or many with 'Bin' or 'al' in their names who make billions making futures deals with their oil wells and wealth. I have studied with them, taught them, and also have some as friends. They only have Western degrees for legitimacy and the tourism experience, but they don't need degrees to make money on their own. The ones who leverage Western degrees to be recruited by Google etc are normally the outliers. Believe me when I say Google and FB CANNOT pay the best and brightest SE Asia and the Middle East have to offer. Trust me  :wink:

Formal education can never teach you innovation, and innovation is the key to wealth today....not degrees or jobs.....but feel free to shore up your F1 and H1B visa quotas to cash in  :wink: [/quote]

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