Just imagine how much worse it would be if the graduate had an art history degree. I mean, it's fascinating but it doesn't tend to be relevant on the job.
The idea that university is job training just needs to go. The academic material may be relevant for work later on but it often isn't, and on the job there is way more to learn.
A fundamental problem a lot of this work has to confront is that interpreting motor behavior is generally the best way of interpreting brain activity.
The activity that's happening in the brain but never reaches the level of motor activity (in people that are not disabled and/or impaired in some way) is problematic to interpret as it is difficult to control and may not even be properly regarded as intentional.
It's a bit more complicated too - rather than the AAA ratings being completed unfounded, they often seemed to have justification (at least on the surface), as various kinds of CDOs were typically packaged with insurance baked in, to make them appear less risky to the ratings agencies' models. One big problem ended up being that a lot of those insurance payouts were theoretical, as the entity on the other end (often ultimately AIG) didn't have have the money to pay out when so many mortgages were defaulting.
But, yeah. The agencies didn't really have much incentive to be skeptical of their models.
Isn't increasing pay like this just part of how the market rate adjusts? In this case it seems a bit extreme but it seems obvious that if a company is having a tough time attracting talent they should pay more.
Read the quote again, you're begging the question.
Empirical evidence is experiential by definition - it can be material evidence if it relates to claims about matter, but it can also be evidence about other domains.
Ex. If God exists, then religious experience is empirical evidence of this. It is not probably not material evidence however.
The idea that university is job training just needs to go. The academic material may be relevant for work later on but it often isn't, and on the job there is way more to learn.