On Sun, Feb 19, 2006 at 06:05:25PM +1100, O Plameras wrote:
> James Purser wrote:
> 
> >On Sun, 2006-02-19 at 17:32 +1100, O Plameras wrote:
> > 
> >
> >>The point  here is $25,000 for graduates as initial salary offer is low.
> >>
> >>A year-12 high school graduate begins at that salary level.
> >>
> >>Certainly, a Uni graduate is worth more than that.
> >>
> >>O Plameras
> >>   
> >>
> >
> >Economics 101: A Graduate is only worth as much as someone is willing to
> >pay them.
> > 
> >
> 
> Yes, we use economic indicators to decide on prices. We decide to buy 
> stocks based on
> economic indicators.
> 
> Yes, we decide to employ people and how much to pay for their salary 
> based on some 
> indicators, like Age, Experience, Academic Qualifications, and others.
> 
> Between a year-12 and a Uni graduate you'd have to pay more for a Uni 
> graduate.

If you're talking about hiring the same individual when they've finished
year 12, as opposed to when they've finished Uni, you're right.  How often
does that happen?

To provide a wonderful counterexample to your statement, we've hired a 16
year old child prodigy at work for cutting code.  He's very, very good at
what we've got him doing.  Worth what we pay him and more.  He's certainly
worth more than the average CompSci graduate.

> You'd be surprise to know that large IT companies go around Universities 
> each year trying
> to woo new graduates.

"Companies try to find new employees at Universities".  Film at 11!

- Matt
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