Posted on 01/09/2012 6:08:48 AM PST by SmileRight
In this age of mainstream news reporters ignorant of economics, the media rarely trumpets the power and truth of free markets and the laws of Supply and Demand, very real forces in our daily lives that confound, embarrass and reject socialist politics.
The free market communicates important information. This is why socialist and left-leaning politicians, who hate free markets, operate in economic illiteracy. The free market places no real importance on government contrived social measures that lack real-world value. When the free market speaks, socialist economic theories tremble.
An example of the free market correcting economic nonsense is the “socially responsible” mutual fund, investing only in companies that engage in politically correct behavior. Investors in such funds haven’t seen much in the way of big profits; investors may have appeased their social conscience, but at quite a price. As the philosopher Montesquieu wrote, “Virtue itself has need of limits.” The return on these funds generally has been far lower than ...
(Excerpt) Read more at bizpacreview.com ...
IMHO, virtue has no need of limits, but virtue is its own reward. Therein lies the problem in trying to make a living off of it.
I don’t think anyone deserves low pay. I don’t believe that there are many PHd’s who are indigent. I am sure more high school drop outs are. If companies are not hiring PHD’s then leave it off your resume. I have an MBA but didn’t include it on a job that I was applying for because I didn’t want that “over qualified” nonsense. The reason that companies don’t want to take folks with higher qualifications then they ask for is because they know most likely they will not stay with the company for long. Having a PHD is a benefit that they should embrace and use it when necessary. My only question is what are they going to do when everyone has a PHD? Are they going to start another degree program?
I hold a Ph.D. in Psychology, and the only time I came close to starving was while I was in graduate school and dependent on available assistantships. This experience (along with a couple of others) caused me to wise-up, and I structured my course of study to emphasize classes in the more applied areas of the discipline (statistics, survey methodology, industrial/organizational, human factors). As a result, I’ve made a pretty decent living outside of academia for the last 25-years.
Exactly. This is why the free market is so incredibly important. When I read this article, I also thought of the exchanges that Chris Christie had with teachers in New Jersey. The one made $86,000 per year plus premium healthcare and pension benefits for 9 months of work and thought she deserved more because she had her teaching degree and her job was “important” in her mind. If the market doesn’t determine your salary, political pressure will.
College education is not all that its cracked up to be. I’m not going to say its worthless but it could be a lot better. The rot is hidden by the fact that there are so many subsidies for college that its easy for people to go and waste time there learning irrelevant things.
She looks like she smells really bad.
As I posted in another thread yesterday.
http://www.freerepublic.com/focus/f-chat/2650612/posts
Wildly overeducated Mike Rowe gets it.
The SCAM OF THE CENTURY is being pulled off by the Universities that are continuing to produce hordes of PHD’s and other degree holders for whom there are NO jobs, for whom there has never been enough jobs, and for whom there will NEVER be adequate employment opportunities.
The now jailed Bernie Maddof stole the possessed assets of his investors. The Academic SCAMMERS are busy stealing the FUTURE and virtually unatainable assets of their students.
Ever hear of the “student load” crisis?
I have a similar background and foucssed on what you called the more applied areas of the discipline (industrial/organizational, human factors) etc. As a result I too have made a pretty decent living outside of academia.
Using academic qualifications (other than area of study) as a criterion for experienced candidate evaluation is ridiculous. The reason that employers do this is that they are prohibited from conducting IQ testing.
“Complains there are no jobs for college grads . . . majors in 12th century English poetry.”
Also has unkempt, Medusa-type hair. I wouldn’t allow her hair in my office for fear that it might spread some 12th century plague.
Book I begins with "Of the Causes of Improvement in the Productive Powers of Labour, and of the Order According to Which its Produce is Naturally Distributed Among the Different Ranks of the People", Chapter One "Of the Division of Labour" ...
Then, moving on, Joseph Schumpter's "Creative Destruction from his 1942 book Capitalism, Socialism, and Democracy, especially the impact on innovation to extant markets.
Today, there are no "free markets" - far to much government regulation and currency manipulation - just ask the Federal Reserve.
Book I begins with "Of the Causes of Improvement in the Productive Powers of Labour, and of the Order According to Which its Produce is Naturally Distributed Among the Different Ranks of the People", Chapter One "Of the Division of Labour" ...
Then, moving on, Joseph Schumpter's "Creative Destruction from his 1942 book Capitalism, Socialism, and Democracy, especially the impact on innovation to extant markets.
Today, there are no "free markets" - far to much government regulation and currency manipulation - just ask the Federal Reserve.
I hate COMPAINERS.
This is from an OWS rally in Denver, I think. Debt to banks is slavery but debt to the federal govt is freedom to these pukes.
... and the conclusion is that people with PhDs have low IQs.
‘Compains’?
Is that like ‘refudiate’?
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