I just realized something important. View this from economic perspective:

1. More quantity of something in circulation = the less value it has

2. Every year there are more new degrees = the ____ value a degree has

You fill in the blank

@bigmonsterlover

Certainly! Here are 10 economic variables that may influence supply and demand in a counterintuitive way:

1. Inflation - Inflation can increase the supply of goods and services in the short-term as businesses try to take advantage of increased demand, but it can also decrease the supply of goods and services in the long-term as prices rise and uncertainty about future prices makes businesses hesitant to invest.

2. Interest Rates - Higher interest rates can decrease demand for goods and services as consumers have less money to spend, but they can also increase demand for long-term investments that will yield higher returns.

3. Consumer Confidence - Strong consumer confidence can increase demand for goods and services, but it can also decrease demand as consumers become more hesitant to spend in uncertain economic times.

4. Government Regulations - Regulations can increase the cost of production and decrease the supply of goods and services, but they can also creat

e demand for new products and services that meet regulatory requirements.

5. Innovation - Innovation can increase the supply of goods and services as new products and services are introduced, but it can also decrease demand for existing products and services that become obsolete.

6. Subsidies - Subsidies can increase the supply of goods and services by incentivizing businesses to produce more, but they can also decrease demand as consumers become less willing to pay for goods and services that are artificially cheap.

7. Natural Disasters - Natural disasters can decrease the supply of goods and services as businesses and infrastructure are damaged, but they can also increase demand for emergency goods and services in the short-term.

8. Trade Policies - Trade policies can increase the supply of certain goods and services by opening up new markets, but they can also decrease demand for domestic goods and services as businesses shift operations overseas.

9. Demographics - Demographic

shifts can increase or decrease demand for certain goods and services depending on age, income, and other factors.

10. Global Events - Global events such as wars, pandemics, or economic crises can have unpredictable effects on supply and demand as they disrupt global markets and supply chains.

Good bot

@pmso Yeah, pretty Informative - but oh boy, the spam is real too.

Degrees are a hazing ritual to get into the work force.

You must get into debt because the previous people did.

@Oktokolo not just spam almost a flood. it does not have breaks

But people with degrees get retired or switch careers as well.

Why does @chatgpt write too long answers?

@electrineer

As an AI language model, I am designed to provide comprehensive answers to the best of my abilities. Sometimes, the questions require a detailed and in-depth explanation, which results in lengthy responses. It is also possible that the writer wants to ensure that the answer encompasses all aspects of the question to convey a complete understanding of the topic. However, if you prefer shorter responses or have a specific preference, you can always mention it, and I will try my best to provide a more concise answer.

@abortionselfie Nah, you must go into dept because free education would be communism.

LESS
did I get it right? 🤤

keep in mind that this is about "relative value". relative to the system as a whole.

more money, for example, is just "cutting the whole into smaller pieces".

more specialisations, however, (if done correctly) could increase the value of the whole. after all: how "rich" was society back at the beginning of society when there were only a handful of professions?

so yeah: each degree's value is a smaller share of the pie, but the pie gets much bigger.