My niece is on her third round of government paid schooling.
Hey why not, education paid
Cash assistance, food stamps, transportation assistance etc, etc, etc.
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The Obama Revolution.
This is why some liberals want to make a college degree free for all citizens.
What they do not realize is that the value of a college degree is declining over time because the education received is less useful to our eocnomy.
"Interesting -- but not very useful.
To see where our employment meltdown is taking us, you need to look at trends in labor participation rates, by increasing education and by increasing age. I did, and both are falling.
In other words, the percent of people with little or no education who have jobs is increasing -- while the percent of highly educated, employed with high paying jobs, is decreasing. The same applies to seniors and their cohorts. Both trends have been in place for a while – and are increasing.
It's what you'd expected for an economy that better rewards the relatively unproductive labors of financing, educating, litigating, and nursing than of actually DOING the productive, high value-added labor needed to generate at least as much, or more, economic wealth than we consume as a nation.
There’s no way to recover that high value added labor – sufficient to our nation’s consumption – without corresponding changes to the roles, goals and rewards our economy offers. As long as capital accumulation, control and intermediation is better rewarded than its productive investment and use – we’ll continue to see less of the latter and more of the former – until our National saving go too far negative to continue their descent. "
Advanced Degrees in worthless, uncompensated studies are prone to make people not only unemployed, but broke and unemployable. Get your doctorate in Lesbian Women’s Culture on someone else’s dime.
5 distinct categories represented by percentage and just eyeballing it i get about 150%.
What am i doing wrong?
According to the grey bars, the “recession” ended in early 2009. IMO, that bar should be beyond 2011.
Business and government conspired to move manufacturing mostly to Communist China for cheap labor and high near-term profits for CEOS and some stockholders.
A nation that closes factories and mines in favor of service jobs is headed to dependency at best and collapse at worst.
Even Reagan tried to sell us the BS that the economy would be fine as America moved from the smokestack era to the service economy .He and others claimed it was no more troubling than the earlier shift from an agricultural based nation to a manufacturing one;except they were wrong. The farmers and the factory workers both added great value to raw materials,whereas service workers just shift the existing wealth from place to place.
A janitor keeps the factory cleaner and therefore safer but a factory with nothing but janitors (or managers) will soon close.
If the factories had increased their output per worker in the ratio as did the farmers then the loss of factory jobs would be less troubling as the money would still be circulating in America not going to China.
That America has literally no domestic electronics industry, and a host of others gone is the problem.And the demise of American industry can be blamed on bad public policies.
On the other, you have left wing globalists who hate the very idea of America and Americans, and the concept of national borders as a whole. Destroying wide swathes of industry and employment is just dandy for them, all the more government dependency, all the less vested more and more become, bringing their evergreen hope of Revolution!, which has been just around the corner to then for my entire life, just a little closer, increment by increment.
The two are involved in s symbiotic relationship, and the object of their machinations is the American middle class, the working people just wanting a stable, safe environment to live out their lives, something better to leave their children, a brighter future, or at least one as bright as the future they had themselves.
Birds of prey, carrion birds, the lot of them, circling, circling. The stupidity is far greater among the putative conservatives in that crowd. I hope they enjoy their extra pennies for the short while they'll be permitted that luxury, the self absorbed fools.
So if registered nurse or registered professional engineer loses their job, they go back into the job hunt facing a tiny sliver of competition from just new and experienced registered people in their field. When a bank clerk or tax preparer loses his job, he has to compete with every young, attractive competitor with a gift of gab that is showing drive and hustle. Good luck competing with that. Wouldn't you rather have a masters degree in Chemical Engineering or Environmental Science? I know I would.
