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Hillary Clinton Announces Tech Plan

usatoday.com

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Re: Hillary Clinton Announces Tech Plan

#2
> It proposes investments in computer science and engineering education . . . and attaching a green card to the diplomas of foreign-born students earning STEM degrees.

These sound good in theory, but in effect they're an industry-specific labor subsidy. When the government "invests" in STEM education, what happens is that the companies that need to hire engineers save money both as a result of reduced training costs and as a by-product of increased supply driving down wages.

It's worth keeping in mind that STEM education isn't necessarily a public good.[1] The benefits of education aimed at developing industry-specific skills accrues mostly to those in an employer-employee relationship. Under those circumstances, it's most economically efficient to force the employer and the employee--rather than the public--to bear the cost of that education.

[1] https://en.wikipedia.org/wiki/Public_good

Re: Hillary Clinton Announces Tech Plan

#3
Interesting. I expect a series of highly detailed policy announcements on complex issues from Hillary over the coming months. I'm guessing she's realised Trump will be completely out of his depth on anything like this and unable to respond effectively.

Re: Hillary Clinton Announces Tech Plan

#6
post #2

> It proposes investments in computer science and engineering education . . . and attaching a green card to the diplomas of foreign-born students earning STEM degrees. These sound good in theory, but in effect they're an industry-specific labor subsidy. When the government "invests" in STEM education, what happens is that the companies that need to hire engineers save money both as a result of reduced training costs…

Isn't that a good thing? What would be some negative consequences?

Re: Hillary Clinton Announces Tech Plan

#8
I realize that Clinton -- like any candidate -- has a platoon of advisers for a wide variety of topics, and it is these people (rather than the candidate) who comes up with the proposed policy.

But I can't help but immediately think that this was the candidate who disregarded the sound advice of the IT and security professionals in the State Department and had an entirely different bunch of people set up a faulty alternative email service for her own convenience.

And then I wonder how much of a rosy "tech plan" will also be so casually discarded when it becomes inconvenient.

Re: Hillary Clinton Announces Tech Plan

#9
> attaching a green card to the diplomas of foreign-born students earning STEM degrees.

HAH! I knew this was going to be in there.

Of course it's a gigantic bailout to the universities. STEM grad programs are already full of foreign nationals trying to get a slot in the advanced degree H1-B track.

This would absolutely turbocharge that: buy a degree from whatever fourth rate American university for $xxx,xxx and value is less in the degree than the golden ticket that comes attached.

Re: Hillary Clinton Announces Tech Plan

#10
post #2

> It proposes investments in computer science and engineering education . . . and attaching a green card to the diplomas of foreign-born students earning STEM degrees. These sound good in theory, but in effect they're an industry-specific labor subsidy. When the government "invests" in STEM education, what happens is that the companies that need to hire engineers save money both as a result of reduced training costs…

Isn't that a good thing? What would be some negative consequences?

Wages going down and competition going up for people in the tech industry.
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