2,165 karma · joined January 17, 2010
I've never read an article about a male luminary that focuses so much on looks.
So it's probably pretty hard to become a quant without a degree, so multiply that by some high number like 95%, but it's really easy to become an entrepreneur without a degree, so multiply that by some low number like 20%.
You're also right about the relevant question being "what is a degree worth to me?" That makes prediction even harder because the value of the degree is largely going to depend on the person's opportunity cost of going to school. Consider Mark Zuckerberg, Facebook was the opportunity cost of his getting a degree, which would make the degree's "value" be several billion dollars negative.
I think people have a general idea of which degrees are more valuable than others, a flawed and vague idea to be sure, but it's not obvious that this data is more accurate than that.
I wonder if you couldn't get very similar results by asking people on Mechanical Turk to rank degrees by what they thought was their value.
Regardless of how it fares against other advice, it still has flaws that can significantly affect its accuracy; and I'd want anyone I cared about to understand that before making decisions based on it.
If that's the case then the data is not really actionable unless we also know the probability of getting a job with and without some degree.
For example, if computer science majors all tend to get job A, but having a computer science degree makes you no more likely than people without computer science degrees to get job A, then the value of the computer science degree is 0.
Of course having a degree does usually provide some advantage at getting a job, and in some fields it's impossible to get a job without a degree.
But still, for this data to be truly meaningful and actionable you must multiply the value of each degree by the amount that the degree aids you in getting a job, which is a hard value to determine.
Edit:
Here's an example of why this is important. Let's compare physical therapy and programming.
According to the data, a Doctorate in Physical Therapy has a value of about $1.2 million, while a Bachelors in Computer Science has a value of around $1.5 million.
You might conclude that the computer science degree is a better value, especially since it costs less than the doctorate.
However, you cannot be a physical therapist without the degree. So the value of the P.T. degree is $1.2m * 100%, or $1.2 million, because without the degree you have a 0% chance of getting the job (and assuming that having a P.T. degree guarantees you a job).
You can be a programmer without a computer science degree. So the value of the degree is going to be $1.5m times some percentage less than 100. In order for the C.S. degree to be more valuable than the P.T. degree you'd have to be 80% more likely to get a job than a programmer without a C.S. degree. (1.5 * .8 = 1.2)
It doesn't seem like people with C.S. degrees are 80% more likely to get jobs. Especially when you factor in the opportunity cost of going to school. That's a lot of time you could spend working on open-source projects, building websites and businesses, etc. which are all things that count more than a degree.
So the value of a C.S. degree could very easily be less than the value of a P.T. degree.
The latest example of this was GazeHawk's job posting:
"Eye tracking gives you a ton of data with a lot of dimensions. We want to show that data to our users in a way that's easy to parse. That means interactivity: HTML5, Canvas, JS."
Just a single sentence, but it engaged me, got me thinking, and gave me a good idea of the sort of projects they're working on.
It's a weird sort of monopoly though, their users can go elsewhere, but their users are not their customers. Their customers are advertisers, and they are basically forced to use Google.
I can only recall being frustrated with the scraper sites when they don't have the answer I need, because when I go back to the Google results and try another page I find that they have the exact same scraped content. Out of the first ten or twenty results there are only a few unique pieces of content.
Perhaps if Google eliminated redundancy from their results I'd never even notice whether the content was scraped or not.
This all assumes that Google's reputation remains untarnished by merely linking to spam rather than filling their own site with spam, but I don't think that's quite the case. Google's reputation is intricately tied up with the quality of the results it gives.
Without answering those questions we can't rightly draw any conclusions about people's attitude towards the self-made man.
Sarcasm aside, you present an entirely simplistic view of history perfectly tailored to the point you're trying to make. The only people who are going to believe anything you're saying are the people who already agree with you, because people tend to be less than critical when it comes to their pet theories.
As a counter-point, here are some of those grey-suited company-men from the post-Teddy Roosevelt era:
Henry Ford
Alfred Sloan
Thomas Watson
Walt Disney
Will Kellogg
Warren Buffett
William Boeing
Gordon Moore
Henry Kaiser
There are more. So what exactly is your point? There were clearly self-made men after Roosevelt. Are you arguing that there were more self-made men before Roosevelt? I'd like to see some evidence to that. Or maybe you're arguing that the general "sentiment" was against self-made men. Again, I'd like to see evidence of that, and good luck finding it. First you'll have to define just what the national "sentiment" is, then find scientific studies of people both before and after Roosevelt that tried to discern it.
Edit: Oh yeah, and OkCupid loves to make bold pronouncements on shaky data.
Yet it's still perfectly acceptable to join the startup world, so long as you're getting something else out of it besides money.
Maybe more people need to realize that they are in fact making a trade-off.
I've yet to have a problem with drivers on Ubuntu, in fact it's better than Windows. Windows seems to have separate drivers for each USB port. I have to plug my peripherals into the same port they were installed on or it doesn't work. Ubuntu doesn't care, it detects everything no matter where it's plugged in.
Ubuntu does a mostly good job at that, at least for me.
You jump from that stage to Google as if there's nothing in between, but almost every other company is in between. Plenty of startups have been around for years, and plenty of them have enough funding to ensure that they'll still be around for years. At that point it becomes possible to make the short-term sacrifices necessary to ensure long-term success, like training.