Comments by "HKim0072" (@HKim0072) on "PhDs Everywhere in China, Losing Value; 24 Years of Study, No Jobs Upon Graduating" video.

  1.  @Un1234l  Not the US. Only 40% of the "younger" population has a BA or higher. In 2021, about 41 percent of the United States population aged 25 to 34 years had attained a bachelor's degree or higher.
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  2. @ Not in the US. Data clearly shows the pay differences between high school educated, BA, Master's or higher. Also, people with college degrees always have a lower unemployment rate.
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  3. @ Do you realize we have the internet and access to this data right? FRED has numbers back to 2000. Sans pandemic, the highest unemployment rate of a doctorate is 3.6% in 2009.
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  4. @ lol, you haven't looked at the numbers. Only about 5M people have doctorates in the US. That's 2.5% of the working age population. Anyone that gets their doctorate in a halfway decent college is fine (as long as its a marketable degree and not basket weaving). You do realize underemployment is captured in average salary right?
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  5. @ I'm not your monkey. Geez, do your own research. We have the internet. If you want to make a point, maybe research it first and then formulate an opinion rather than shooting from the hip.
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  6.  @marinamarinx7655  umm, doesn't Germany offer free education to foreigners due to the lack of skilled workers?
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  7. @ My point is Germany is lacking people with a college degree otherwise there would be no reason for them to fund international students.
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  8. @ That is the proper take. Getting a liberal arts degree from a 2nd / 3rd rate college won't do much for people. I'd hope it would be obvious to most people that a technical (STEM) bachelor's will have more value than a degree in History. It's unfortunate that the college cheat code isn't talked about more. People should go to their local community college for 2 years. It's really cheap. Then, transfer to a good state public college. Will only cost like $25K (not including rent, food etc). That's a doable debt level for someone with a degree.
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  9. @ I looked around at an MBA. It's highly recommended to work first before getting an MBA.
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  10.  @Alakazzam09  Yeah, no. China real estate bubble isn't close to what happened in the US. It's different planets.
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  11. My Dad got his 2nd Master's for "fun". No pay bump. Just wanted to learn more. He was a teacher and already had a Master's in education. When I was a kid, he spent a few summers at a college and dormed there. Only reason I remember it was because he was gone one summer and we had a bat in our house. Obviously, the Chinese college system is a scam they can't end. Basically, like the US fly by night colleges the government cracked down on. They generate too much revenue for college administrators.
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  12.  @patrickt49  I literally never interviewed a person without a degree: analyst position for retail corporate headquarters.
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  13. Always amusing to me that the Chinese government has access to every bit of data in the country, but still can't forecast anything properly. Seems like they only invested money into the "secret" police / internal security systems and nothing else.
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  14. The government doesn't allow negative press. There is no free press. Why would anyone in China think their economy was driven by a real estate bubble?
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