Emeritus Prof Christopher May1d ago

Not only is there a general problem in the way graduates' student debt is handled (hardly ameliorated yesterdays bounce interest rate cap at 6%), there is also a clear gendered dimension, perhaps most obviously demonstrated in the continued accrual of debt during maternity leave... once again raising the cost of motherhood.

Its a problem entirely the result of a (wilful) political misunderstanding of the social purpose of university education.

#graduates #politics

https://www.linkedin.com/pulse/90000-later-what-student-debt-really-does-women-amy-brooker-hvcze/

£90,000 Later: What Student Debt Really Does to Women

It’s taken over a decade for politicians and the media to pay attention to something I have been personally, professionally, and economically aware of since I was a member of the first cohort of students to be hit by the £9k student fees in 2012: student loans were going to be the next social mobili

Show threadSteve Woods

@ChrisMayLA6 I recall my economic lecturer referring to us, his students, as 'investments in human capital'.

Shame on those of our peers who, like us, benefited from higher education on a full maintenance grant, then pulled the ladder up after them.

Apr 8 at 7:42amWeb
Show threadLinux and praxis: part of the resistance 🇵🇸 ☮️20h ago

@wood5y @ChrisMayLA6

Some economists have retreated from that position now, reckoning that improvements in human capital do not benefit industrial development. In other words, human capital is just an externality. In the Smithian division of labour (and now outsourcing) you just need people to have the cultural capital to perform one specific task. It's all Chicago now. Mokyr won a Nobel Prize.