• Education

    Master’s degrees are the second biggest scam in higher education.

    Last week, the Wall Street Journal published a troubling exposé on the crushing debt burdens that students accumulate while pursuing master’s degrees at elite universities in fields like drama and film, where the job prospects are limited and the chances of making enough to repay their debt are slim. Because it focused on MFA programs at Ivy League schools—one subject accumulated around $300,000 in loans pursuing screenwriting—the article rocketed around the creative class on Twitter. But it also pointed to a more fundamental, troubling development in the world of higher education: For colleges and universities, master’s degrees have essentially become an enormous moneymaking scheme, wherein the line between for-profit and…

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  • Jobs

    AOC calls Amazon jobs a ‘scam’ because more than 4,000 of its employees are on food stamps

    Rep. Alexandria Ocasio-Cortez in the U.S. Capitol this month. Erin Scott/Reuters Rep. Alexandria Ocasio-Cortez on Friday called Amazon jobs a “scam” because some workers have struggled to pay bills.  In nine states, more than 4,000 Amazon employees are on food stamps, according to Bloomberg News. “A ‘job’ that leaves you homeless & on food stamps isn’t a job. It’s a scam,” said Ocasio-Cortez on Twitter. Amazon said the reporting referenced by Ocasio-Cortez’s comment was “false,” adding that “it violates over 50 years of economic thought, and suspends the law of supply and demand,” a spokesperson said in an emailed statement.  Visit Business Insider’s homepage for more stories. Rep. Alexandria Ocasio-Cortez…

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  • Jobs

    Amazon jobs are a ‘scam’ with no financial security, says AOC

    Rep. Alexandria Ocasio-Cortez on Friday called Amazon jobs a “scam” because some workers have struggled to pay bills.  In nine states, more than 4,000 Amazon employees are on food stamps, according to Bloomberg News. “A ‘job’ that leaves you homeless & on food stamps isn’t a job. It’s a scam,” said Ocasio-Cortez on Twitter. Amazon said the reporting referenced by Ocasio-Cortez’s comment was “false,” adding that “it violates over 50 years of economic thought, and suspends the law of supply and demand,” a spokesperson said in an emailed statement.  Visit Business Insider’s homepage for more stories. Rep. Alexandria Ocasio-Cortez on Friday said Amazon’s jobs are a “scam” because they’re not…

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