Readit NewsAmerica chose to do this, banks make big money from the loans. Colleges make big money from students.
We have a similar system with medical care. We have regulatory capture of our medical system by the drug sellers, medical groups, etc. We pay way way way more than other countries with worse outcomes. And the reaction of half the country, the republicans, it is we'll fix this by eliminating a lot of coverage for poor people. Democrats try to control costs, cover more poor people, get on a better trajectory and it's demonzied as destroying democracy. Meanwhile, our recently passed BBB bill takes billions out of medicare, ie coverage for poor people, many of whom voted for Trump. This whole thing is disgusting. I'm angry because of the loss of potential here, just like for student debt.
My dad says colleges are corrupt because they "waste money on dei things" and that's why they have high costs (sadly not making this up). I try to explain college is not subsidized like it used to be when you went to college in the 60s. Similar thing with young people not affording housing, not having kids as much.
We set these citizens up to fail, and they’re the bad guys? Hardly. If you can escape the torment nexus, go, don’t look back. The torment nexus does not care about you. “The purpose of the system is what it does.”
So, 15% for the rest of your life or until you can leave the country and are beyond their reach (if an option) if you cannot afford to pay them off. The reality for many is they will never have enough income potential to pay off this debt, so the best course of action is to bail on it to optimize for quality of life if you’ll never be able to pay it back. The developed world is hungry for young, educated talent.
https://www.cnbc.com/2019/05/25/they-fled-the-country-to-esc...
I still don’t see this, if only for the Managerial instinct for ass-covering.
If something really matters and a prod showstopper emerges, can those non-technical supervisory managers be completely, absolutely, 100% sure the AI can fix the code and bring everything back up? If not, the buck would surely stop with them and they would be utterly helpless in that situation. The Board waiting on conference call while they stare at a pageful of code that may as well be written in ancient Sumerian.
I can see developers taking a higher level role and using these tools, but I can’t really see managers interfacing directly with AI code generation. Unless they are completely risk tolerant, and you don’t get far up the greasy pole with those tendencies.
I’m looking for a way out of tech because of it.