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Видео добавленное пользователем “Thought Monkey” за Апрель 2017
The Cost of College in 4 Minutes
 
04:06
Why College is so Expensive: I’m a lucky guy. I didn’t do so well in high school and didn’t meet the requirements to go to university right off the bat. Instead, I went to Community College, lived at home, worked a part time job, and saved a sh*t load of money. Afterwards I went to a public University and saved even more money. I graduated during a huge recession without debt thanks to my privileged circumstances which allowed me to think less about the money I’d earn after college and more about my interests. That being said, tuition to even state Universities has increased dramatically since I graduated - making the once realistic American dream seem a distant memory for many of us youngsters. Music: Mono:Massive - Attila My Mic: http://amzn.to/2mj7P3j Subscribe To My Channel: https://www.youtube.com/channel/UCoFWz1e3VXKOoJ-E5cep1Eg Facebook: https://www.facebook.com/Thought.Monkey.Community/ Instagram: https://www.instagram.com/thought.monkey/ Just how expensive is college? The website Collegedata.com states that one year at a public University will cost on average roughly $25,000 while at a private University it will cost $50,000. This hasn’t always been the case. From 1984 to 2014 tuition for public universities has increased 225%. And to make matters more daunting, only 19% of students actually graduate at a “4” year university within 4 years – making the majority graduating within 5 or 6 years. And while tuition goes up and it takes longer for students to graduate, on average it takes longer for college grads to earn back what they’ve spent on tuition which on average is at 36 years old. Moreover college grads has been earning less and less over the past 10 years while the cost of college is skyrocketing. But why? High education is just like a business. In fact some say that the U.S. Department of Education makes $15 billion dollars in profit from student loans every year. If students stopped taking out loans and going to college, our economy might just collapse. Universities want to attract students, just like businesses want to attract customers. To do this need to hire the best professors who can conduct research in the most up to date and technologically advanced labs. This is not cheap. The average salary for a professor is $100,000. A lab? Probably a lot more expensive than that. Universities also need to have beautifully built campuses. Again not cheap. Not only do the buildings need to be architecturally aesthetic, but the grounds need to be taken care of and the buildings maintained. Universities also must have attractive amenities like career services, health centers, and even psychiatric availability. All of this costs a sh*t load of money and creates a load of competition between the universities. Consider it like an arms race education style. But that’s not all. In order to pay for such expenses, universities create high tuition and use financial aid to help those who can’t afford it on their own and take as much as possible to those that can afford it. This is called the Bennett Hypothesis – our government provides loans and financial aid to students, and colleges get their money whether it’s from students who take out loans, get financial aid, or can pay for it out of pocket. If schools know that students have more money to spend, they can raise tuition, and make their campuses more attractive to potential students, which causes more competition between schools. So when the government is providing subsidies for its citizens to go to college –there is more demand for education now that more and more people can afford to go to college – and this in turn encourages colleges to charge more for education and they can increase their marketability by spending that money on professors, campus beautification or improved amenities. The real question however is - is college worth it? That I cannot answer. But I will say that going to college has made me widen my perspective and allowed me to pursue ideas that I probably wouldn’t have if I had not gone. College is about your education and an investment that will last you a lifetime. The only answer I can give you is to think about what you are passionate about and do it. If you don’t need a college degree to pursue your passion, don’t go. But if you think college will enrich your life and help you obtain mastery in your passion, then go.
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Money in 6 Minutes
 
06:01
The Evolution of Money: What Money is, Who Created it and How it Works I just bought some milk. Whole milk actually – yummy. Milk and cookies is where it’s at. When I bought it I used a green piece of paper with the face of an old white man and some numbers on it. Milk – a nutritional beast that will nourish me and complete me – is of much more literal value to me than some wrinkly green paper. So how is it that that wrinkly green paper can not only be exchanged for milk, but literally anything in the world. Food, cars, even sex. The answer is simple. The collective imagination of humans. Music: Joakim Karud - Love Mode My Mic: http://amzn.to/2mj7P3j Subscribe To My Channel: https://www.youtube.com/channel/UCoFWz1e3VXKOoJ-E5cep1Eg Facebook: https://www.facebook.com/Thought.Monkey.Community/ Instagram: https://www.instagram.com/thought.monkey/ The common phrase “money is the root of all evil,” is well known and something many believe. At the same time however, money is the highpoint of human tolerance. Money is the one thing in this world that crosses culture, religious beliefs, and social habits. In fact it is the only thing that doesn’t discriminate against religion, race, gender, age, or sexual orientation. Osama Bin Laden, the guy who hated what America stood for so much, still used and agreed on the idea of money – in fact his net worth was estimated to be $50 million dollars. You see even groups around the world – like the KKK that hate other people because of their religion, skin color, or whatever it is – still agree with those that they hate the most – they agree on the value of money. The question is then, how has money become the ultimate uniter of humans across the globe? Well before money was used people traded. For example, Bob may be great at making shoes and Joanna might have an amazing plum tree farm. Maybe Joanna needs a pair of new shoes to help her pick plums in the summer heat. Joanna might trade her plums for Bob’s shoes. The problem here is that Bob has to want or need plums. Maybe he already has a deal with another plum farmer. So what now? Joanna has to figure out what Bob wants in return for a pair of new shoes. Maybe his wife is ill and needs medical attention from a doctor. So Joanna then needs to find a doctor who wants plums in return for his services. Joanna gives the doctor plums, the doctor gives Bob’s wife medical attention, and Bob makes Joanna a pair of new Nikes. You can probably already see the problem. Trading requires that the people you are trading with actually want what you are offering. At the same time in a bartering economy people have to rethink the value of what they are trading is every day. If there are only 100 different commodities being traded in a market, that means buyers and sellers need to know 4,950 different exchange rates. Here’s where money comes in to play. Money was created all around the world at different times. Money was not some kind of technological invention, but instead a revolution of the collective mindset. When one thing was agreed upon and trusted by all members of a community as representing value that could be exchanged for any goods or services, money was invented. Money in a way became magic. With money you can convert anything into anything else. Sell your cow, and buy tuition to a school and learn. Work for a few hours and use the money given to you for your time to buy a joint so you can waste your time. If you have enough money you can even change your biological sex. How is this possible? It’s all about collective trust. The first known form of money was used 5000 years ago in ancient Sumer and was barley. People agreed that a certain weight of barley was worth a certain amount – the most common measurement being one sila or about 1 liter. So people would head to market with barley in hand and use it to buy goods or services. Eventually this gave way to the silver shekel or 8.33 grams of silver. The shekel eventually gave way to the coin – a standardized weight of metal – usually silver or gold – with an imprint of the kingdom it came from. The coin was first developed in 640 BC by Lydians in what is now modern day Turkey and is a monetary system that we still use today.
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