Comments by "shazmosushi" (@shazmosushi) on "Have Taiwanese University Degrees Been Devalued?" video.

  1. This video is about the social costs of the mismatch between supply/demand. A 4 year degree in Taiwan is presumably pretty affordable compared to the US, so it's less of a big deal if the degree isn't utilized. On this topic, Peter Thiel has a lot of interesting things to say on this topic (search keywords "Peter Thiel" and "higher education bubble"). He sees as a world that no longer innovates outside of computer technology, and believes that US society requires (in my words) constant radical innovation otherwise it falls into chaos. I should mention a degree shouldn't be about the credential giving you an advantage other people, but about how those skills and knowledge can be leveraged to produce economic value. There are so many problems in the world that only radical innovation can solve. It's great for higher education to be widely accessible. Imagine how much further we would be if every person living in poverty in eg, Africa/India/Myannmar/etc had an advanced STEM (Science/Technology/Engineering/Mathematics) degrees and had the right incentives to eg, cure aging for all humanity and hopefully not eg, developing chemical/biological/nuclear weapons.
    12
  2. Not to "dox" Asianometry, he's mentioned he's part of the "Taipei elite" in a previous video talking about the economic divide between the north and the much poorer regions like southern city of Tainan (and the Taiwanese indigenous people in the mountainous eastern countryside). Given his interest in semiconductor fabs presumably he seems to be trained as an electronics engineer. (Though for all I know all Taiwanese people are well versed in the finer points of extreme ultraviolet lithography.) EDIT: beaten to the punch
    4
  3. If wages rise due to falling labor supply it reaches a tipping point where manufacturing moves to other countries. The promise has been increased labor productivity (through automation) will stop this, but I'm not so sure. Just something to keep in mind. Taiwan is very important to the global electronics supply chain with so many products manufactured there. I would hate to see that capacity move to the countries which are not as free, open and democratic as Taiwan.
    1