/lit/ - Literature

Liberal arts degrees have almost nothing to do with the problems in employment, although higher education will be one of the next bubbles to burst. Perverse incentives explain what looks like laziness. Potato farmers can't get their crop out of the ground because no one is willing to do a physically difficult job for low pay, when they can collect infinite benefits while doing nothing. If you subsidize something, you will get more of it. So far, we've subsidized insane lending practices by banks and unemployment by individuals.

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