This almost
makes too much sense to be true:
A co-founder of PayPal who was one of the initial investors in Facebook, is offering potential college students $100,000 fellowships to drop out of school for two years to start their own companies.
His foundation is seeking 24 people under age 20.
As I said
HERE a few years ago, this seems like a muich better investment than shelling out $100K for four years of babysitting.
But Xmastime, you say like the late great Craig "Iron-Head" Heyward in those soap commercials, what about the other 90% of high school students? Well, put 'em to fucking work. Either they come up with something for themselves like an invention, or a restaurant, or they join a trade or company that actually does something. This country was built on the masses building and working on shit that actually mattered. Surely there's a connection between the fact that our complete infrastructure is in dire need of repair after all these decades, we don't manufacture things anymore, we're running out of money, and yet at the same time we have millions and millions of cubicles in offices filled with people in nebulous jobs who had enough money to go to college, graduated, and then got into the "Gentleman's Club" of office jobs that nobody really knows what it is they do. Like the middle class itself, the "middle class" of the work force seems to be disappearing - either you're working at McDonald's, or you have a corner office at Capital One in which you instant message your friends all day while making $120/year. Whereas decades ago the C- student would be working at a factory building parts to reinforce bridges, today's C- student is your financial adviser. Is this the right direction to be going?
THESIS: The dilution of the college degree has led to the vanishing of the middle class workforce, which is why we're in the position we are now.
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