I went back to school after working for 8 years after leaving high school.
I went to community college, transferred to UC Berkeley for my bachelors in Poli Sci, and in a year and a half, I’ll have my JD from a top-25 law school.
All told, I will have paid around $45,000 total in tuition. My undergraduate degree cost me nothing.
Just giving more free education is not a logical approach and by no means will ensure higher salaries for all. For example it is stupid for all of society to pay for average students to sit in a classroom for 4 more years of their life to either drop out (I believe the college dropout rate is about 40%) or to take a useless major. I don’t want to pay for that it’s stupid.
“What’s happened is for a huge percentage of the degrees, the degree is worth less than than the job,” Horowitz continued. “So, basically we as a society are running a scam and ripping off a huge percentage of our young people who are going to college with the clear expectation that they’re going to get a higher quality job and they’ll be able to pay for college. That’s absolutely not the case and that’s the real issue.”
Horowitz added that with all of the recent advances in technology, including things like OpenAI’s ChatGPT and generative AI, technology that A16z invests in, a college education should cost much less.
“There is no knowledge that you can’t get from your smartphone very cheaply and easily," Horowitz said, "so why am I paying $300,000 for the credential?”
That’s only because the education industrial complex was able to brainwash the public to accept the eight-year (high school/college) education model (or more years) as necessary for white-collar employment.