Top Ten Employers in Allegheny County, PA (Pittsburgh):
1. UPMC
2. University of Pittsburgh
3. Federal Government
4. PNC
5. Giant Eagle
6. West Penn-Allegheny Health Network
7. Allegheny County Government
8. BNY Mellon
9. Carnegie-Mellon University
10. Pennsylvania State Government
Colleges and universities more than ever produce socialists. You tell me if that will grow any economy.
It’s a macro-misallocation of capital. Due to enhanced credit for consumers. Essentially a big run on tulips which will end about the same way.....
Brick and mortar colleges are not generators of economic growth. They drain State taxes and the savings of parents with new costs each academic year.
Electronic colleges have less costs, but share in this economic growth myth.
For the most part they suck wealth out of the economy and use it to pad their own nests and further the leftist, racist, globalist agenda.
That is wealth that could stay in the taxpayers pocket or be used in more rewarding, more productive sectors of the economy.
End all government subsidies, grants and other money flowing into the colleges and see what happens.
They would then have to operate like a business,
Offer a product that people want at an affordable cost or wither away.
No more halo wearing tenured communist professors knocking down high salaries for one class a week or a month.
They employee maintenance people, food service workers, security guards and such; Newark NJ has a pseudo-economy built on this stuff and it doesn’t put a dent in the larger employment problems of the city.
Calculus classes generate growth.
There’s never enough calculus experts, and it’s a skill transportable to any field.
If a field or profession doesn’t require calculus it’s junior college level at best.
Economic progress and increasing prosperity is the result of conditions where 4 factors are acting simultaneously: a rational culture, technological progress, capital accumulation, and acceptance of natural rights such as freedom and private property.
No, they are drains on the economy just like any other government institution.
Of course - for themselves. It’s a classic money laundering operation - extract cash from generally conservative productive taxpayers, give it to generally liberal minority students to lavish on totally liberal universities to hire more radically liberal professors and administrators, to indoctrinate the next generation in liberalism.
The Filipinos are great at English-speaking call centers. It’s a relief whenever I reach one of them, rather than one in India!
Yet, they haven’t shown to have the really top technical talent that India does, so I don’t know how much they will be able to build on that.