🚨Chamath on the Student Debt Crisis: " There was a framing of the issue for an entire generation that was probably wrong." “There was an entire generation, if not two generations, of young men and women who were told that they must, not should, not it's nice to, they must go to university.” “And these folks took out an enormous amount of financial support to do so.” “And part of the underlying reason was that they were told, and it sounds very credible, technology is coming and there's gonna be so much automation of all of the other kinds of jobs that you may do in trade school, (so) you should go to university and protect yourself.” “Well, lo and behold, it's turned out to be the exact opposite.” “So could you imagine where you could have gone to trade school, been an electrician, been a plumber, made a couple hundred grand, married somebody, she does a good job, now all of a sudden she also makes $150k, $200k a year.” “You're making $400k and you have no debt. That is the key. You have no debt.” “When you make $400k and have no debt, I'm sorry, but it's probably actually better than being the doctor making a million bucks.” “And then there are all of these other jobs that aren't a doctor, where you're still saddled with the $300k (in debt) and you have no way of paying it back.” “There was a framing of the issue for an entire generation that was probably wrong.” “If I had to bet, I would bet that engineers are more likely to have their jobs sort of replaced in the short term than welders and plumbers.”