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Should you move money away from R&D to fund tech education?

In Washington state, this issue is currently debated (see article from Seattle Times below). I believe it is a bad idea, because (despite the claim that employers have difficult times finding employees), most of the new graduates eventually end up with

  1. Huge debts especially with a degree from U. Washington and its outdated curriculum (as opposed to Stanford, CMU, MIT, Berkeley, Harvard where better curriculum and student loans can still be successfully leveraged)
  2. Instead of studying, they could have earned money as a waiter, plumber or mechanic. Now after 4 years of studying without income and debt build-up, their job prospects are unchanged: waiter, plumber or mechanic.

Anyone has a different idea?

Bill would fund high-tech degrees by shrinking R&D tax credit

State lawmakers are considering downsizing a research-and-development tax break and using the money to produce more high-tech degrees.

Read article at http://seattletimes.nwsource.com/html/localnews/2017631270_rdtax01m...

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