[subjectsigma]

Because this is Hacker News, let's stick with technology: have none of you guys ever experienced the power gap? Seriously?

I went to a decent school, not great but pretty well known. I had friends who went to community colleges and transferred to a school like mine, and friends who went to Ivy League schools. Our senior year, the Ivy guys were writing their own toy operating systems and compilers, and I was reading shitty PowerPoints about how one might do that. The lower tier group? I was still helping them with their homework, which was basically sorting algorithms. One of them barely understood classes, and one of them was still struggling with properly constructing for loops after years of education. All of us paid absurd amounts of money to be where we were.

The Ivy guys were also well-off and came from good homes; that just means that money begets power begets money, not that their degrees were worthless paper. It makes sense that a professor of economics would write tripe like this, maybe it applies in his field but not here.

[daenz]

I've had this conversation with a coworker who was frustrated that people with wealth could leverage that wealth to create more opportunities for themselves. My response is essentially: "isn't that what you want to do for yourself?" He seems to think it is more fair if someone with less wealth got access to those opportunities, instead of the people with wealth. How is that more fair? Why does it matter who gets the opportunities, as long as they're going to people with a low risk of wasting them?

[subjectsigma]

I agree with you 100%, the point was that degrees are not worthless, not that the system is inherently unfair.