Oh look, interest rates on student loans just doubled. July 4th approaches, and my patriotism is substantially dampened by this slap in the face to young Americans.
Let me tell you about a fairy-tale time: the late 1990′s, also known as the dot-com bubble. College students with what sometimes seemed like any kind of tech experience at all were being recruited to drop out of college and take six-figure jobs. I heard of someone getting six figures straight out of high school after learning to code in his childhood bedroom. Even web content writers with no tech skills at all were being recruited and making big bucks!
Here is a 1999 article from Inc. magazine about a startup called JustBalls.com. It sold balls. You know, soccer balls, baseballs, golf balls. Just … balls. No bats. No mitts! JUST BALLS. By 2001, the company had received $13 million in venture funds to pursue (that is, get their balls into) the “affinity and premium ball market.”
I’m saying that if JustBalls was taken for brilliance, it’s not hard to see how a hip young person could teach himself some kind of tech skills in his dorm room, head to Silicon Valley, and get a cool job that also included equity in the company.