Too Many College Graduates?
The AP reports on a growing sense among policy wonks that too many Americans are going to four-year colleges, to the detriment of society as a whole: "The more money states spend on higher education, the less the economy grows." "The notion that a four-year degree is essential for real success is being challenged by a growing number of economists, policy analysts, and academics. They say more Americans should consider other options, such as technical training or two-year schools, which have been embraced in Europe for decades. As evidence, experts cite rising student debt, stagnant graduation rates, and a struggling job market flooded with overqualified degree-holders. ... The average student debt load in 2008 was $23,200 — a nearly $5,000 increase over five years. Two-thirds of students graduating from four-year schools owe money on student loans. ... [A university economist said,] 'If people want to go out and get a master's degree in history and then cut down trees for a living, that's fine. But I don't think the public should be subsidizing it.'"
Did the university economist go ahead and refund the publicly paid part of his tuition from years back, plus interest?
Using his example, you don't need to know anything about math, science, literature, etc, to cut down trees.
You need to know what they train you to do on the job. Therefore, an elementary student graduate could do the job, short of the physical requirements. So make him a dish washer until he's big enough to work a chain saw.
Nope, this isn't a slippery slope...
as is made evident by the collective muttage that persues the "frist psot"
This guy is forgetting that we live in a (sort of) democracy. How would a democracy where the people aren't educated work?
There's no -1 for "I don't get it."
If people want to go out and cut down Taliban and then get a master's degree in history that's fine. But I don't think the public should be subsidizing it.
The problem isn't that there are too many college graduates. The problem is that too much manufacturing that was formerly done in America is now done elsewhere, in third-world nations like China, Mexico and India.
In the past, domestic manufacturing provided the solid foundation upon which the strong American economy was built. People made good wages working in these factories, engineers made good wages designing these factories and the equipment within them, builders made good wages constructing the factories, skilled-trades made good wages making the equipment within these factories, and all of these people provided jobs to many others in the community.
Thanks mainly to Nixon in the 1970s and NAFTA in the 1990s, those jobs are gone. The foundation they provided is gone. They probably won't come back unless the federal government does the right thing and impose trade barriers against nations that have an oversupply of labor, and unsafe working conditions, and unsuitable wages.
Not everything needs a 4 year degree.
If you are going into a science based field you will need a degree.
Entrepreneur business school might help but it is not necessary.
Blue Collar, tech school can give you a head start.
CS/IT I have see excellent folks with nothing and really crappy folks with a PHD.
Ultimately it is what you make of your life experience.
... more uneducated people. Because this country is just too damn smart. We need to dumb it down a little...
Most of the issues addressed in the summary actually result from the fact that top US universities are insanely expensive. Harvard is about thirty thousand dollars for an undergraduate degree whereas Cambridge is about three thousand Stirling.
Slashdot: news for Apple. Stuff that Apple.
For society in general, sure, but for individuals it still pays to be more competitive.
How's the market for CS BS-holders versus community college CS grads? How about for lib arts BA holders?
I've been out of the US a couple of years and missed the big crunch recently. How healthy is the programmer/network admin market in general there now?
Public university is flooded with students who don't care at all about the subjects they are studying; they are in school either because it is expected of them by society or because they want to socialize with people their age for years.
From an economic standpoint, it is absolutely wasteful for these kids to fudge their way through to a BA in Communication or whatever. I've known too many of them. It makes a mockery of academia.
A slashdotter who didn't build his own computer is like a Jedi who didn't build his own lightsaber.
Education and money are very much alike in one aspect: if everyone has at least the same amount, then that amount becomes the baseline, below which it is worthless.
College degrees being required for plumbing jobs and the like are only the symptom of this problem.
Whereas before education was made mandatory in most countries of the world, the baseline was no education at all, now the United States have college as a baseline. And it's rather difficult to get out of this, because you ask someone in college why they're in college and they'll say, "I must, because I can't afford to not keep up with my peers." So people go to college because people go to college, and it's a recursive clusterfuck.
The more education people have, the less likely they are to "believe" in "trickle down" economics. I haven't looked into this, yet, but it's a safe bet that the same economists backing this crackpot assertion that a random correlation is causative also propagate the lie of the Efficient Market Hypothesis.
If you mod me down, I shall become more powerful than you could possibly imagine.
All things considered, I'd rather have people overeducated than undereducated.
to tell someone that they don't have enough promise for college, that they don't need to fill their brain with more "stuff" that only a few people actually need to know, that maybe they haven't demonstrated that trying to fill their brains with more difficult subject matter would be worth their or anyone else's time... at the age we are talking about, when you're whole life is ahead of you and you are filled with optimism about yourself... it tends to be an emotional reaction, not a rational one
obviously, not everyone needs to go to a 4 year college. they've reached the height of the skills the need in high school for a rewarding and productive life. however, the promise of college, that it is intended only for a promising few, makes it desirable for the sake of your ego that you belong to that group of people
so as soon as you stop 18 year olds from believing in themselves and the promise of their lives to do incredible things, that's when you convince more people not to go to college. so who here wants the task of destroying millions of young people's faith in themselves?
additionally, you have the problem of a free market: there is a large demand, so the supply has grown to reach that demand for colleges. all you have to do shrink supply as demand gets more vocal. go ahead, close down a bunch of colleges and severely restrict the accreditation process, all the while millions of parents and children scream to get into college. good luck!
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
Right now, we have the baby boomlet.
After WW II we chose to educate our returning soldiers.
Now it's time to realize that the number of Americans with degrees has been artificially kept too low, due to low birth numbers, but that the baby boomlet that followed the baby boom is aging into college years.
Man up.
Investing in the future is good for America.
Not investing in America is what destroyed the economy in the first place. Houses don't invent things. Houses don't employ people. People invent things and employ people.
-- Tigger warning: This post may contain tiggers! --
Where are these technical schools that the economists refer to?
The simple fact of the matter is that after decades of short sighted budget cuts, the US education system is geared for college prep, whether you want to go or not. The vocational classes have been slowly cut out of the system, usually perceived as expendable programs. School administrators realized long ago that they can't improve the ranking of their school by having the best automotive class - the only thing that counts is English & Math scores, so why bother fund anything else?
In other countries, you make a choice on whether you choose to learn a trade or go to college, and then spend your high school years towards that goal. The repercussion for the US system is that students who are interested in a trade aren't being educated towards their dreams, and spend their time in school either frustrated or years behind.
The whole concept of "No Child Left Behind" only works when there is an unlimited budget, and it presses everyone to a standardized education that may not actually help serve them towards what they really want to do in life. Instead of trying to get every child the same cookie cutter education, we'd be far better off giving more specialized education (whether it's vocational or college prep) by the high school level, help them take advantage of the skills they have, remove the blue collar stigma of trade work, and stop trying to make every kid be a perfect college graduate that the state wants them to be.
A 4 year degree does not make someone "over qualified".
Mod me down with all of your hatred and your journey towards the dark side will be complete!
Are these the same economists that didn't see the tech or housing bubble? The same ones who thought sub-primes were contained and wouldn't spread to the rest of the economy. Perhaps they are the ones that have America's debt rated AAA.
What happened to the new deal from shit for brains?
How's that magical European lifestyle working out these days ?
I want to delete my account but Slashdot doesn't allow it.
Maybe just maybe that they could cut the costs of most college classes as your paying largely for teacher interaction ( which I received little or needed little ).
Class space ( Teleconferencing is much more reliable now than when I went to school )
Lab Space / Materials ( This cannot be cut back and actually should be boosted )
The most beneficial thing I received from my degree was the connections I made with other students.
Basically what I'm saying is why does a degree in economics / business cost even close to the same as a person studying to be a molecular biologist / robotics engineer / etc that has to have some serious expenses.
If there are too many college grads, and the job market is flooded with "over qualified" people, why is it that 75% of the people who call me can't find a two inch wide by two inch high icon HIGHLIGHTED in bright green located at the far top right of my website?!
The worst part is that this icon is millimeters below the much smaller phone number that they use to call me with, which they then proceed to sit on hold for 10 minutes, all so I can say:
Me: Do you see where the phone number is on our website?
Them: Yes, of course.
Me: Good, okay now look just below that...
Them: Ohhhh! There it is! It was hiding on me! I just waited on hold for 10 minutes for that!
Me: Have a good day.
Never ceases to amaze me what people will do...
Grrr....
Exactly.
And with limits on education, you get limits on job opportunities. Fine, as long as it it the person who chooses such.
If it is someone else who is already making decent money at a decent job arguing that too many people are advancing their educations ... fuck you. With a chainsaw.
I got a job as a software developer at a large Fortune 500 company about a year ago. It's more or less a financial institution, but the need for software developers is high. In this company, developers are treated more like business partners rather than IT grunts, and that's mostly due to the fact that we are so influential in determining how the business is run. Even though we primarily develop software, we have to know the business in and out in order to function.
With that said, I have a 4-year degree in Computer Science. Having the degree was definitely key to getting a job in my case, since I was a raw graduate when they hired me. However, I've learned that experience in the field is by far the preferred rating factor. There are guys on my team working along side me who have 4-year degrees in Business Management and even English, but they happened to gain some (5+ years) programming experience somewhere along the way. There's also a new guy who got his 2-year degree from a local community college. That's okay, but his real selling point was the amount of experience he had, which he gained while I was finishing up the other half of my education.
In a way, this annoys me, because I'd really like to think that my degree choice sets me apart from people who made different choices. I guess if I chose to work for an actual software business or found a job that utilized more advanced CS techniques, I might have the upper hand. However, in the real world where software usually plays a support role, I have to come to terms with my place in the business world. In another respect, the possibility of gaining experience in another field and being able to potentially change career paths without getting a new degree (within reason) is a rather freeing thought.
is all in the last comment. 'Subsidize'. It's a bunch of wealthy schmucks that want to do away with public education and the middle class.
The vast majority of college attending individuals are there because they have been told that the only way to successful employment is to become a college graduate. The fatal flaw in the logic is that when everyone has a degree, the degree no longer holds any prestige over any other job candidates. You are, again, competing against everyone else.
People need to stop equating education with employment. If you are honestly interested in a subject and feel academia is the only route to fulfil your desires, by all means, please do peruse further education in that area of study. If getting a great job is your goal, however, college is not the place to achieve that. The time would be better spent learning what it takes to get the job you desire.
Five years ago I was telling everyone university is a cult. Universities are businesses, and they are not run by fools. The emotional appeal of the "you must have a bachelor's" doesn't quite match up to the reality, does it?
When every job out there has a 4-year degree as a prereq, it's kinda hard to justify getting anything less.
- Despite popular opinion, I am not perfect.
Primary education is much more important.. Get 'em while they're young, before puberty... We don't need a bunch of lawyers and MBAs
“He’s not deformed, he’s just drunk!”
...it could however be that there are too many Liberal Arts graduates. Seriously though, there are gluts of some degrees but shortages of others. Generally this will reflect in the salaries they receive so it will balance out eventually. It would be sensible for the government to sponsor more specific majors, while not those who have an excess of students.
"[A university economist said,] 'If people want to go out and get a master's degree in [anything but economics] and then [do something other than economics], that's fine. But I don't think the public should be subsidizing [things from which I don't personally benefit].'"
Any folks out there that crap on the skilled trades should consider: you can't outsource your plumber to India.
-- maskwa
College is the new high school. So much so that colleges are bending over backwards to allow entry to the dumbest among us. My University's Math department had a Math 001 course for preparation to take Algebra courses (001 taught basic math like fractions). But apparently 001 was too hard for some high school graduates; a Math010 course was developed to teach things like addition, subtraction, multiplication, and division. In &$#%#%*ing college!
Combine that with some HR mandates that college degrees are required for anything above minimum wage, and you've got a perfect storm for devaluing a B.S. or B.A. An Associates degree is already worthless; it says "I went to college, but dropped out after it got too hard."
Telling Americans to do something because Europe's been doing it is a lot like telling a 5-year-old not to go near the cookie jar.
I think you meant something more like:
Telling Americans to do something because Europe's been doing it is a lot like saying "But mom! All the cool kids ARE jumping off the bridge!"
This issue is a bit more complicated than you think.
Look up the The National Science & Mathematics Access to Retain Talent Grant
"There can be little doubt that union activities lead to continuous and progressive inflation." F. A. Hayek
Employers started raising the bar on a living wage a long time ago. From "high school diploma" to "some college" and now "four year degree" are bare minimums just to get the resume past HR into the manager's hands. Hell, we just hired people with four year degrees into operator apprentice slots. I know a professional welder working on a BA on the side just so that he can't be fired for NOT having a degree.
And all that debt, gee employers really LOVE them some college debt. They know their new hires won't be striking out on their own to compete with them anytime soon. Same logic for why Silicon Valley corps love them their H1-Bs.
You want two-year schools to come back, find some freaking employers willing to hire the graduates.
I think you make some good points, but the problem existed before No Child Left Behind. It was there when I went to grade school, and Bush wasn't elected until after I graduated. I don't think it is a particular policy/administration/party problem. I think it is a cultural problem that is ours.
I went to a 4 year college for audio engineering. Guess what? There aren't enough jobs in that industry to support all these grads. But no one ever said that. The college was glad to take my money.
And that's the other problem. We've created a whole generation of people who are beginning their adults lives $100k in the hole. And they're probably going to end up getting a job that had nothing to do with their college education.
The real problem isn't that we have too many 4 year degree holders, but rather that we have too many 4 year degree holders in majors such as English and Business. When I graduated, I was astounded when I looked at the list of names and discovered that Bachelor of Science degrees were a tiny minority. We need more people who understand math and science.
Going to a trade school is better than getting a four year degree in a subject suffering from a glut, while getting a four year degree in a subject that needs more people is better than both.
Seriously - nothing wrong with being a receptionist or a lot of other jobs. But college catalogs seem to be more like vocational training schools -- just a lot more expensive!
the problem is that schools are a business.
knowledge should be free!
-
everybody should be able to get the information
they "teach" at UNI.
i personally wouldn't care if i got the education
but no degree.
When I started, most of the time, all you needed was some sort of 4 year degree. Now, you need at least a BSCS for a code monkey job.
Is a BSCS really necessary for most business applications? I don't think so, but tell that to the hiring managers. Personally, I think they're just requiring it to weed people out.
I once worked for a guy who wouldn't hire this particularly brilliant programmer. I met some very sharp people in my life but this programmer topped all of them. He had only a high school diploma - everything else he learned on his own and he learned FAST. Said manager wouldn't even look at him because "for this kind of work, I think one should have a four year degree."
Managers have a lot of hang ups about who they hire and they always rationalize for why they need certain qualifications.
RIP America
July 4, 1776 - September 11, 2001
'If people want to go out and get a master's degree in history and then cut down trees for a living, that's fine. But I don't think the public should be subsidizing it.'"
People don't generally want to do that. People generally want a decent wage so they can provide for their family, eventually buy a house, have health insurance so they lose everything they've worked for (or lose a family member) because you can't afford medical care, and they want to retire some day. Getting an education was a good way to accomplish that once upon a time but globalization and competing with emerging economies means we'll ultimately need to become accustomed to a lower standard of living.
If you didn't come to party don't bother knocking on my door. Prince '1999'
Let's be honest here, saying all degree holders are overqualified is being generous. I see plenty of students graduate with college degrees who display less sense than a well educated high school student who strives to overachieve.
I always felt that education was the goal of a society, not a mean to achieve a good economy. I always felt Universities should teach you what a field is, not train you to get a job. Optimizing the economy IS NOT what a society wants. If it was the primary goal, we would never have abolish slavery.
Drop need B.S / M.S for level 1 jobs as a start.
M.S for a level 1 helpdesk job and don't even thing about that top tear school BS as well.
and what is up with people with out of field BS and AS out ranking people with 2-4 years of real IT work?
If you're just talking about "school", then almost none of them. Because "school" would include all classes at all grades.
But when you are talking about colleges, while it may be your intent to get a degree so that they can get a "professional" job the colleges can and do have additional requirements.
Which is why CS majors also need credits in the humanities and why art majors need credits in math.
As a canadian, I can only assure you you that if anything can help save america, its less education...
sig loading.......
Fortunately, the article also mentions the following counter-point: "She points to research showing that college graduates will on average earn $1 million more over a lifetime than those with only high school degrees." That's all that needs to be said, really.
I'm a big proponent of not forcing people through college. The problem is the lack of economic diversity now.
Think about this from a historical perspective:
And oh yeah, every job above service-level requires a bachelors' degree now. So the office receptionist needs a degree in communications, and the HVAC guy needs a degree in engineering.
This really is the dirty little secret of globalization. Some people just are NOT built for further study. There is a normal distribution of IQ. These people can often do a great job as a general contractor, skilled tradesman, etc. Instead, we force-feed everyone into the white collar world. It makes no sense. And for those who really do want the life experience, and are built for further study, they either have to deal with lower-skilled peers holding up college classes, or go to a private school and rack up mountains of debt for no guaranteed payoff.
I really think our leaders need to take a step back and see that a country that can do nothing but manage projects and do other white collar tasks isn't healthy. I'm in the IT field, and I'm decent at what I do. But I also realized as I was getting my degree that I wasn't sailing through the material like my peers. Every grade I got, I worked hard for. Maybe 50 years ago, I would have been better off taking on an electrician's apprenticeship or something similar. Bottom line is that the lopsided economy we have is not good for society, and everyone's addicted to cheap labor, so there's not much to do about it.
Having a very different school system here, but the same problem (and the same talks about 20 years ago), here's how it worked out for us.
We have a system that splits kids already at 10 years of age into schools that prepare them for a trade and schools that prepare for studying. At 14 years you split again (if you opted for studying) into "pure academics", business prep or technical prep. And with 18/19, you either go into business or you head on to university. If you opted for the trade path, you finished school with 15, then you went on to a "dual education system" where you spend half your time in a company (akin to an apprenticeship) and half the time in a trade specific school.
So far the theory.
Historically, the (age 10-15) trade schools were seen as "lower value" than the academic preparation schools. So our government launched a huge ad propaganda to up the reputation of those trade schools. And, being the good citizens that people here generally are, it worked pretty well. We have a lot more "professional" bricklayers, carpenters, mechanics and so on now. You can find them all at the local unemployment office. Why? Because the economy doesn't need them. Worse, a lot of the "academic prep" dropouts moved on into one of these trades and of course, having an (allegedly) better education, are prefered.
To make matters even worse, to actually use this system you have to find a company that would accept you as an apprentice. And there's a shortage of those now, too.
So what did the system accomplish? We have a lot of 16 year olds without a chance to an education in their chosen (or pretty much any) trade because of a surplus of people trying this path, should they find a place that wants to teach them (they get HUGE subsidies from our government just to do that), they get fired immediately once their education is done (and the subsidies cease) and we have an unemployed mechanic more, and at the same time unemployed academics are being prefered over those trained retail salesmen that actually got an education slot because, hey, you get someone with a university degree for the same price, what do you choose?
That's the reality. So please don't fall for the same bull that we fell for.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
unrelated field should not pass over in field people who don't have one.
If 1% of society has college degrees, the degrees have high value.
If 99% of society has college degrees, the degrees have little value.
The tipping point for college degrees looks a lot lower than 99%-- under 20%.
Add on top of that the fact that colleges have gotten more expensive much faster than inflation and the relative value of a degree is pretty poor vs the investment.
She was like chocolate when she drank... semi-sweet at first and then increasingly bitter.
Like you state, too many don't care about what they are studying, they are there because that is "what" they are supposed to do.
However, far too many colleges are there to make money, and scads of it. Hence the push for new lending programs because this allows the to inflate their fees. Whether to build new facilities named after people they like or too keep themselves fat and happy in retirement. I would go so far to say that many colleges don't care what the students study either, just as long as they are there paying the fees. Hell, look at the racket that is course books.
Too many degrees cost more than they can reasonably pay off in short order, by short I mean, less than five years. Sure medical professions if take to their furthest points pay off, but its not like TV, go to school four to six years and be the hero. Marketing drives more to college than need.
* Winners compare their achievements to their goals, losers compare theirs to that of others.
As a recent graduate, I agree with the sentiments expressed in the article.
I went to a large state university (University of Texas) and, during the time that I spent there, tuition and fees were raised every year. The one exception was when the students and the student government put up a fight and got them to hold off an increase for one year. Immediately after giving in to the students, the president of the university sent an email to every university email account talking about how this would hurt the university's competitiveness in the long run and that he would aggressively push for tuition increases in the future in order to keep UT a great university.
Unfortunately, despite the increasingly expensive tuition, it has been hard to find a good job, and I've had to work at places that pay much less than college graduates are typically supposed to make. While UT is not an Ivy League school, it has good name recognition in my state and is one of the top universities in my state, and is fairly well-known nationally as well. In addition, I graduated with a 3.95/4.00 GPA, Dean's list every semester, and summa cum laude honors. I'm not trying to toot my own horn, rather, I'm trying to show how a college degree is not a ticket to instant success as it has often been portrayed as.
The vast majority of students should be learning skills that will earn them jobs in the workplace. Yes, it's important for people to be educated in a general sense, but the reality is that most college students are only concerned with getting a good job. They don't care about the pursuit of knowledge. Most of them would be better suited at trade schools, or at the very least in programs that teach valuable skills that will make them employable.
I do not regret my choice of major or school. It helped me become someone who can critically evaluate situations and find solutions to problems on my own, and, more importantly, I now have the confidence that if I put the effort in, I can teach myself almost anything I want to learn. Ideally, one should acquire these traits in high school, but high schools these days are mostly worthless.
The only point I disagree with is the point about not subsidizing history majors and the like. Sure, we don't need as many history and English majors as we have, but if we don't subsidize history majors the same as "useful" majors, then who would be a history major anymore? Are they honestly arguing that history is completely worthless? I'm sure governments around the world would be happy to have citizens ignorant of the past, but it is in the world's best interest to have historical records.
One other issue I see is that if all of the people in "useless" majors switch to more useful areas of study, then wouldn't currently profitable fields see a wage decrease? Take computer science for instance. One of the main things keeping wages high is the lack of interest in computer science by most people. Many take a class or two and decide that it's "too hard." If we encourage more people into these programs and make it easier for them to succeed, then the influx of graduates will lower wages in the long run. It is in the interest of every profitable profession to keep the influx of new workers at a low level. Since Slashdot is largely comprised of people from technical fields, I would hope most of you are arguing in favor of keeping English, history, and other majors.
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Maybe overqualified on paper, but generally not in terms of actual skills acquired. The rise in advanced degrees has been concomitant with a decrease in the achievements signified.
We don't need any lumberjacks, sanitation workers, or construction workers. In our new post-productive society, everybody gets to be whatever they want! There are no crappy jobs that need to be done. Everyone is qualified to be a surgeon. Everyone gets to be president. We don't need our garbage picked up.
Look, we tell our children and ourselves that in America, anyone can be whatever they want to be. What did we expect would happen? Some jobs get no respect and shitty pay, despite the fact that they absolutely need to get done. Because, you know, once you've figured out that there isn't really a career in art history, you still need to pay off those college loans. Looks like the DOT is hiring road crews!
Why can't we admit that not everyone gets to be a fashion model, a football star, or a CEO? Why do we emphasize the importance of some jobs, like advertising executive or investment banker, that add nothing of real value to humanity, while denigrating those who pick up our trash? I mean, is my day going to suck if I don't get to see any catchy ads? Probably not, but I've been around a garbage workers strike, and that shit ain't pretty.
We overvalue positions of leadership and expertise, while lying that everyone could do those jobs. And tons of unqualified people rush to fill those jobs, because they were told they could, and that those jobs were more important than hauling garbage. But let's face it: most people don't have what it takes to become a surgeon or a CEO. Does that mean they are worthless? No. It takes all kinds of work to make a complex society run. We should not overvalue certain jobs and undervalue others, because that creates societal inefficiencies where we have too many people trying for the fun, high paying, well respected jobs. And meanwhile, the people actually doing the crucial dirty work get shit on by society.
No marketing drone is worth hundreds or thousands of times what a sewer worker is worth. Yet our society says they are. If we have too many people going to university, maybe the answer isn't to say, "Hey, realistically most of you are fucking plebes who will never work in whatever you majored in. You should practice your table-waiting and ditch digging instead." Maybe we should instead strive for a more egalitarian society where everyone's contribution is respected. I respect a dishwasher who works hard and does a good job more than I respect a CEO who golfs all the time and takes credit for his underlings hard work. But society says this privileged douchebag is worth thousands of times more than the guy who washes dishes. So what do we expect people to do? Everyone wants to be that pampered and privileged CEO, nobody wants to build bridges and roads. And so we have Wall Street profiting while the economy crumbles, and meanwhile, most of our infrastructure is falling apart.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Things that are making college degrees less valuable, and therefore necessary for an even wider range of jobs:
1. High school degrees are now worthless. "Bill showed up for four years."
2. Affirmative action. "Even though Jake got a 950 on his SAT, he can go to Harvard."
3. Grade inflation. "We wanted Suzy to feel on par with her classmates, so the lowest anyone can get is a B."
4. Politicization. "If you want an A in English Literature with Dr. Rosenberg, you'd better write about feminist theories of hermeneutics."
5. Dumbing down. "The staff decided it's too hard to code up a parser on a 64k Apple II, so we're going to start you off on Logo for Windows 7."
Thanks to the feelgood policies of the 1970s, every precious snowflake feels entitled for just showing up. Schools have responded by making sure everyone has a place. The result: college degrees are no longer worth much, since they're easy to get.
Rarity of college degree = value of college degree
It's like having $100. If you give everyone in America an extra $100, the value of your $100 declines because there's more money floating around.
Futurist Traditionalism
> Please, how many kids go to school to get a "well rounded education" - it is a nice argument but lets be honest. People go to college because it is the next step and it is required to get a "Professional" job. I can barely recount the actual classes I took that were outside my major, so very well rounded.
> Going thousands of dollars into debt so you can have a "well rounded education" is a farce.
People go to college for different reasons. Most kids go to college either because it's simply expected of them or because someone tells them college graduates make more than high school graduates. That's also a different question than the question of what you learn or do while you're there.
My degree was in CS & English. I wrote in microcode and assembly and C and C++ and java, everything from TCP kernel code to photon mappers to compilers.
And I studied Shakespeare and Milton and the literature of the American Renaissance and the poetry of people from Petrarch to Poe.
And I learned to tell the difference between a harpsichord and a piano even before I'd knowingly heard any baroque music, and what the romantics liked in poetry and music, and why atonal music sounds like somebody is strangling a cat with a piano.
I did VLSI design and read Horowitz & Hill and played with electron microscopes and liquid helium. I studied the history of warfare from the first knife-fight in recorded history through the twentieth century. I learned about the history and evolution and origins of terrorism and the effectiveness of propaganda. I learned about developmental psychology and the way children grow, and I learned with wonderful, brilliant people from across dozens of disciplines.
I don't think I lost money by learning this, because I'll make more in the end, and money isn't the only way to measure utility. I care more about the world because I understand art, because I'm as much an artist as an engineer. That's something college gave to me. It's a place to learn. That's what's beautiful about it. Maybe not everyone should go. But everyone should have the chance to. And we should always be part of a community of learning. Even as we should be part of a community of doing.
Society needs janitors, loggers, burger flippers. If everyone goes to school, the degree is worthless anyway (and it is, already, unless it's a hard science degree, in most cases).
I don't have a degree and I work as a management consultant. No, not a temp agency consultant, a management consultant. It's not in your piece of papers, it's in your drive and your thirst for knowledge. Although my situation is quite unique, since I was home schooled and never stopped learning everything I could get my hands on.
Sorry but my parents sent me to school with the understanding that I was there to meet people and get an "education" second. You're sent to expensive schools because wealthier people send their kids there and we all know wealth travels the generations in the majority of cases. At best College will teach you to learn better and in different ways. If you want real world skills then some night classes and technical schools would be best. 4 year institutions are about relationships not sciences based ona rational world.
This seems to lead to many managers who have no idea on what they are managing.
Credentials inflation can be solved differently. In my college (not in the US), only about 25% of those who entered were able to complete the 6-year Masters course (the school does not offer Bachelor degrees). Of those 25%, only about 10% graduated with honors. The first two years were brutal carnage where wheat was separated from the chaff by lots and lots of exams and hands-on work.
Push all colleges to raise the bar to the point where most enrollees don't graduate, but those who do are truly the creme of the crop and world class. You need a lot of folks entering college in order to identify the top 20% who do actually want to learn and have the aptitude. Just because your parents can pay $50K a year doesn't mean that schools should be wasting time on you if you're just there to get the diploma. Instead, they could be focusing on the top 20% and really give them the best education they can. No need to drag them down.
First off, this article may have instead been titled: subsidizing education, should we pay for...
Here, however is my real issue: (outside of this being an article from Yahoo Finance)
Recall a period in American history, call it the 70's and 80's where a baby-boomer population was going off to school to "figure out what to do", how some did not have plans to what they wanted to do and others seemed content on the exact educational path they chose directly following a high-school education. This (or so I hear) is how we have the Gen-ed program at many colleges today. A professor once joked to one of my classes that goes roughly like this:
You can blame us hippies and free-thinker bullshitters in the 70's and early 80's, yes the damn baby boomers that paid for your education, for what we call a 4-year degree. Really we would have been find with just a couple of years, however at the time, we had no freaking idea what we wanted or what we're going to do.
This I feel is a valid point towards how the education system has evolved from a stepping stone to a "career advising agency". What we don as success in general can be written in a multitude of opinions: is it what makes one happy, is it monetary based, does it contribute to the welfare of society, etc. The point is we cannot say this is what makes something successful, but rather acknowledge multiple viewpoints on the notion of success.
America, or at least to how we like to believe our country functions today, is that of the land of opportunity, but opportunities provided do not guarantee success. Sure a typical Bob ends up logging as a history major later, or Susie does not end up the successful Art Major she had dreamed...so what! At the same time many other students, who took the opportunity given to them to better themselves, get good grades for a job market, and get hired and end up "successful". I will not pretend to know it all or even have an idea of what the market will demand 10 years down the road, but I do not agree that an excess of college graduates will spell doom. No system is without waste, and some "unfulfilled workers" are a marginal cost from that of empowering other individuals. Just my take, nothing more or less...
We should start a new Slashdot and return control to the geeks. It actually wouldn't be that hard to get some users to
When you consistently establish policy that eliminates non-college educated jobs, what do you expect the population to do? We would not have this "problem" if Obama/the corporate kleptocracy had refocused our government-owned to car companies to actual build and employ our skilled US auto-workers to produce: trains, train rails, solar panels, wind-turbines, and nuclear power plant components as opposed to out-sourcing jobs to increase corporate profits and maximize campaign contributions.
From TFA:
Yes, I know there is free money available from the government. But that is limited.
Education can't be high enough. Educate your people until they die, because uneducated people are vulnerable and easier to control.
Educated people are trained in using their brain. That is something a company doesn't want. A company wants lots and lots of zombies which do not know their rights and can't think for themselves.
Basically, what these economists are saying is good for commercial entities. But for countries or not-for-profits this mind-set is fatal. This is the way to grow a third world cheap labor country, but that's the direction the U.S. is going anyway.
Education is one of the pillars of freedom, as is privacy and the ability to speak your mind. Problem is, in the U.S. it is ok when your speech creates fear (suppresses freedom) as well as the government functioning in such a way that all three are being limited further and further.
I think it's a great idea to take a year off after high school and work as a welder if you feel like it.
But I also think college is a great mind-expanding experience, and that everyone should have the opportunity to go to a 4-year college if (and when) they feel like it too. How good a welder can you be if you don't understand basic physics and chemistry? What happens when the welding jobs disappear (as they did in Germany)? What happens when she gets tired of welding?
And everybody should go to a 4-year college without going into debt. Talk about the road to serfdom. $20,000 in debt that you can never discharge in bankruptcy, and that will accumulate exhorbitant interest for years, sounds like serfdom to me.
Up to the 1970s, America used to be a land of opportunity. Free access to college education was a big part of that. Now America is turning into a two-class society. http://www.economist.com/world/united-states/displaystory.cfm?story_id=15908469 People in the middle will move up or down, and most of them will move down.
Traditionally, a college degree has been the way out of poverty, and the great equalizer. If these economists have data that it doesn't work that way any more, I'll look at it carefully. That's what I learned how to do in my 4-year college. But I wouldn't accept a major reversal of a long-established social goal based on a couple of associational studies.
We just spent $3 trillion on the war in Iraq (according to Nobel-prize winning economist Joe Stiglitz). That's about $10,000 for every American. So we can certainly afford to spend $20,000 or so for a college education for anybody who is capable of it. And the rich are doing extremely well. We can tax the rich to pay for the poor. There's more of us than there are of them. All we have to do is vote.
If you're middle-class in America today, you're taking a crap shoot, according to The Economist. You might move up. And you might move down. In the European social democracies, you don't have that risk of moving down.
In the 1960s, John F. Kennedy committed us to the goals of sending a man to the moon and eliminating poverty. We sent a man to the moon but we didn't eliminate poverty. There's no excuse for that. The Scandinavian countries have basically eliminated poverty. We have whole cities where people can't get out of poverty. If you don't want to just transfer a lot of money from the rich to the poor, the other way to eliminate poverty is to give everyone a good education, and a free college education is a centerpiece of that.
These economists are trying to talk us into giving up on the goal of eliminating poverty and educating our population the way the wealthy European nations do. I don't buy it.
Too many of one thing and a general unrealistic expectations?
That's a bubble.
So, here is what we have done:
1. Cut the financial aid available to students so they have to take more student loans.
2. Complain that people shouldn't go to college because students have too much debt when they graduate.
3. Conclude that since college leads to a lot of debt we should stop "subsidizing" students
My conclusion would be that we need to subsidize college students more so they have less debt when they graduate.
You're mixing the cause and effect -> having more supply doesn't create more demand. The question should be, "if we have an overabundance of qualified, educated people, what do we have a dearth of?" If we have a dearth of people doing interesting things, great. But if we have a dearth of people picking up trash, or digging ditches, or milling machine parts, the proper adaptation is to fill the existing demand - anything else is just going to create another artificial imbalance.
Not to bang on the libertarian drum too hard, but one might suppose that with a lighter tax burden and less government regulation and intervention, "more interesting things" might be more likely to occur.
My dad got a Master's from Cal Tech. I went to trade school.
Have no idea about his costs, but I saved enough to pay school off in full after three years.
We earn about the same. Granted, he has a better means for advancement, but at this point, there is no difference in our earnings.
We compared notes on classes that we had in common. There is no doubt in my mind I got the better education. Not to open a flame war, but his philosophy classes read more like indoctrination than a well-rounded overview of philosphocial thought. Ditto his ethics classes, English, etc.
It concerns me that people assume education seemingly ends after college, and that the point of view expressed there is somehow "educated" when both of our readings after covered a more nuanced view of the world.
It reeks of classism those purporting that you need a college education to participate effectively in a democracy, or that it is a requirement to have a career.
The world needs ditch diggers.
You never expect irony, do you?
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@iyfwrestling
I'm graduating this month with an MS in Chemistry, also got a BA in Chemistry. As a TA I have taught 10 lower level college chemistry classes. In the non-majors classes, about 90% of the students couldn't have cared less about what they were supposed to be learning and their work through the semester proved they were not thinking about chemistry at all. So my point is not to say the kids were stupid or condemn them, they were smart and realized they could just reach a class consensus in the hallway about the right answers to the problems. What I don't understand is why the f__k people have to take so many classes on topics they don't give a rats a** about. It's all about money. Education is one of the most profitable industries in the country and is still growing in this bad economy. All the Universities need to do is get some high-minded PhD eggheads who never encountered the real world to persuade policy-makers that every kid needs a liberal arts education.
During Graduate School I was living in the hood My neighbors were disadvantaged urban youth and I talked to them about their about their future. They were being pushed towards college and considering engineering. But they just didn't have the basic skills to succeed in a college engineering program. Their senior level math was going to algebra/geometry. They weren't ready to fore-go the prime of their life to play academic catch-up. They didn't even know what tools they lacked. Sending these kids to college is setting them up to fail. It's horribly cruel: colleges with lenient admissions standards just take their student loans, and then kick them out when, predictably, they cannot independently function in an academic environment. The schools keep all the money, and the students are labeled failures for life.
Like so many other things, higher education in the hood is just a scam. It's a much better idea to just get certified as a mechanic or a electrician or a nurse. If you are a mediocre student, those are probably the best ways to enter the middle class. Instead we keep repeating "You must have a college education to succeed" which only encourages unqualified youth to saddle themselves with an enormous debt.
I think the problem is that companies wanted interchangeable people that they could hire & fire at will. In the "good old days" (with overt racism, sexism and red meat), you went to work at a company, they taught you what you needed to know, you worked for the company until you retired.
Now, it's we need someone who can do X right now! then drop them 8 months from now. The time spent training the worker is now wasted money from the employer's point of view. And you know, 2-year vocational/business schools are nice, but really, most corporations have very unique skills that no formal school could ever teach.
My solution: every job is on-the-job training. Then, if the employee leaves early or is let go early, the lost hours can be returned as a non-refundable tax credit. The non-refundable part discourages companies from just hiring someone, claim to train them for 6 months then fire them for quick cash.
For more complex jobs, university/college prepares you with basic knowledge for the first 2 years then you can go work with on-the-job training then take the remainder of the courses you want to finish your degree if that's what you want.
The bitter lessons of a veteran coder: http://bitterprogrammer.blogspot.com
Beating the College Bubble
The main site is a great blog.
Your second point is driving to the root cause of the problem. Having a system of social promotion and inflated grades is probably *the* ultimate root. If people could actually fail, could actually be told in 2nd grade, "look, you're just not ready for third grade, let's try 2nd again", then maybe this wouldn't be an issue. How you deal with 18 year olds in 2nd grade is another question, but at least you've told them the truth for 12 years, instead of fooling them (and others) into thinking that they're ready for higher education.
The other thing that needs to be addressed is behavior problems in public schools -> with no penalty (either corporal punishment or expulsion), there's no consequence for bad behavior.
If we flunked more kids when they deserved it, and kicked kids out of school when they misbehaved, we might actually have high schools filled with people ready to succeed in college.
Thanks mainly to Nixon in the 1970s and NAFTA in the 1990s, those jobs are gone. The foundation they provided is gone. They probably won't come back unless the federal government does the right thing and impose trade barriers against nations that have an oversupply of labor, and unsafe working conditions, and unsuitable wages.
What a ridiculous load of arrogant, narrow minded pablum! I see college taught you how to think rationally.
One of the ways progress happens is to make old jobs easier so the workers can be freed for new jobs. You automate factory jobs, you make jobs easier, everything you can do to require fewer workers for the same output. There's a term for that -- productivity. We now use bulldozers and powered cranes instead of picks and shovels and wheelbarrows, and those are in fact an improvment over sticks, which were an improvment over bare hands.
Tools -- maybe you've heard of them.
The fact that some jobs go overseas is another benefit. Let someone else do the manual labor factory jobs which produce old fashioned items. That frees up the previous workers for new fields, such as building computers, or the programs which run them, or the websites which use them.
There's another aspect you would probably be glad to stay ignorant of. These "foreign" countries are not just producing stuff for the developed countries, but also for themselves. China has an increasingly bigger economy, and has something like a quarter of the world's population. They want the same things the developed countries already have, but in larger quantities. Are you seriously suggesting that they should continue to depend on the developed countries to build them? What would they pay for them with? Or would they just remain on mud houses and not even have shovels and wheelbarrows to build with and not want medecine or cars or computers?
If they are going to use one quarter of the world's cars, computers, and everything else, logic says they should be building one quarter of the worlds stuff. Or maybe you think each country should be self-sufficient in every category? It's a lot more efficient to have cars made by companies who are good at that, as determined by a free market, and if that happens to be China, good for them -- the developed countries have to make something of equal value to trade.
Maybe you should go back to Economics 101 for an education.
Infuriate left and right
...and throw it to the intelligent point that's drowning in your sea of hyperbole.
Disclosure: I've made my living in manufacturing for the better part of 20 years. I also have a LOT of experience in international business and global sourcing.
The problem is that too much manufacturing that was formerly done in America is now done elsewhere, in third-world nations like China, Mexico and India.
I've been to China and Mexico on a professional basis. I've worked there. There is more manufacturing (by revenue) done in the US than in all three of those countries combined. In fact the US manufacturing sector is larger than the GDP of every country on earth except for Japan, China, Germany, France and maybe Great Britain depending on which numbers you look at.
In the past, domestic manufacturing provided the solid foundation upon which the strong American economy was built.
America has a $2.7 Trillion (yes with a T) manufacturing sector and it is GROWING despite all the hand wringing you hear. (the last two years are due to other causes than fundamental weakness in US manufacturing) Yet employment in manufacturing is dropping. How could this be? The reason is the same as what happened to farming over the last two hundred years. Automation, technology, and productivity have gone up and fewer people are needed to do the same work. It used to be that over 90% of the US workforce was in agriculture. Now it is around 2% and yet no one would argue that the US hasn't done well. Manufacturing is undergoing a similar process.
The jobs in the US are going to be less and less in manufacturing in years to come. This does not need to be a bad thing. Yes it will be hard on quite a few people - fundamental changes in the economy never are easy - but trying to keep jobs in industries where the wages are uncompetitive is pointless and damaging. Where will the jobs be? I don't know and neither does anyone else. That's the scary bit but that's also where the opportunity is. All I can tell you is that the job growth won't be in manufacturing for the next 20 years. It may be that wages in the US fall back to more competitive levels with elsewhere in the world. There is no fundamental reason wages in the US must be higher than elsewhere. But if the US invests in promising industries and provides an environment with sufficient capital, labor mobility and appropriate regulations then the US will be fine. The economy of 2040 will look nothing like the economy of 1940 and that is something to be celebrated.
Thanks mainly to Nixon in the 1970s and NAFTA in the 1990s, those jobs are gone.
The reason those jobs are disappearing is because labor costs too much in the US relative to elsewhere for certain jobs. End of discussion. Labor intensive work migrates to where labor is cheapest. It always has and always will. Work is either labor intensive or capital intensive (by definition it cannot be both) and the manufacturing that is capital intensive is staying here in the US and doing just fine. NAFTA and the other stuff you mention plays a role but it's a minor one. Blaming NAFTA misses the big trends. The US manufacturing jobs are fundamentally a victim of success. Companies made money, wages went up but some work requires relatively high inputs of labor and those jobs inevitably will head where labor is cheap.
They probably won't come back unless the federal government does the right thing and impose trade barriers against nations that have an oversupply of labor, and unsafe working conditions, and unsuitable wages.
The concept of an "oversupply of labor" is ridiculous. That's like saying a country has an oversupply of coal, or timber, or gold. Yes, some countries have a lot of labor. It's an asset like any other. The US has the third highest population in the world so you really could only be referring to two other countries if you are talking about population. Yet labor is mor
Our economy has shifted almost completely away from blue collar production. Without a trained workforce that can survive in this services/information based economy this entire country will only further decline. Education is the only real key to prosperity in this world, and it is far more valuable than tradeskills because of the flexibility with which graduates have vs. an individual that is focused only on one activity.
I take a small amount of pride in the fact that I am NOT college educated. I went into IT after high school and have learned everything either at home or on the job. Over the years I've picked up some college courses here and there to the tune of about 60 credit hours. I've yet to learn anything useful. The reason we have so many college graduates in America today is the notion that you have to go to college to have a "well-rounded" education. There are jobs for which I will never be considered solely because I lack a degree. Never mind my work history, my level of expertise, or the glowing recommendations I can produce; I don't have a piece of paper issued by a college, therefore I'm not qualified to do the work.
What this country needs is a good reality check on how many qualified workers exist who just don't have the paper requirements listed in the job description. The real irony of it is that when I was 22 and others my age were just getting out of college, i was vastly more knowledgeable than they were. The gap has only grown wider as the years have passed. College grads with IT-related degrees seem more likely to coast on what they learned in college, whereas we the self-educated learned from the start that IT work requires constant education. I've run into a few employers who recognize that degrees aren't worth any more than experience, and will treat a fresh graduate the same as someone with 3-5 years of experience and no degree. We need more people like them to help dispel this myth that college is necessary.
Yes, I'm biased. No, I'm not making this up. I'm speaking from anecdotal experience at best; take it for what it is.
(It takes a great deal of effort to talk about not finishing college without going into a rant about the bullshit college passes off as education, by the way)
120 characters for a sig? That's bloody useless.
The rhetoricians need to start treating 100 million dollar salaries as glaring signs of economic inefficiency.
It is very unlikely that each person earning 100 million in today's economy are actually producing that much more value than the next best candidate (or even, the minimally acceptable alternative candidate, if you want to go that far).
Maybe someday willingness to do a job will be as valuable as the perceived ability to do a job (currently, there are plenty of willing, so it isn't much of a distinguishing characteristic, except in highly dangerous fields, and even then, it is only worth so much, 'hazard pay' doesn't really match up to Wall St. bonus pay).
Nerd rage is the funniest rage.
I would encourage you to look at Japan to see where the degree slippery slope leads. Japan has a great focus on technical skills, from high schools that focus on trade schools to technical colleges and yet it's all but impossible to get a job in Japan unless you have a college degree. College has entirely replaced high school as the minimum acceptable level of education in society. Once one could get a job having only completed elementary school. Then one needed to be a high school graduate. Now one needs a two to four year degree. And this is for a job as a waiter or dish washer.
The reason is simple: colleges are absorbing the unemployed and underemployed. And it is a system that can successfully absorb as many as can borrow money. Individuals who can't get work go back to school in hopes that a degree will help them. This takes them out of the work force for that time.
I would argue that if there is any hope for the current economic paradigm this is a good thing. Here's what I mean: Either technological unemployment (i.e. the jobless recoveries of the 90s and today) cannot be resolved at all or it will be resolved by having almost every person in society being educated enough to innovate their company's way out a la Google.
If video games influenced behavior the Pac Man generation would be eating pills and running away from their problems.
You really nailed it on the head. We've over valued office work in our society to the point where we've denigrated anybody who works with their hands.
Of course, this has been going on for centuries. Look at the aristocracy in Europe prior to the 1970's and their disdain for tanning, or calloused hands.
The difference is that now we have a media that is telling everybody they can be wealthy. This really started in the 90s and went full throttle in the 2000's. Look at what teenagers making life decisions are being told about life via these shows: My Super Sweet 16, The Hills, Laguna Beach, Cribs, The City. These shows give the impression that every teenager just needs to get a college degree in order to live a life of super wealth. When was the last time a TV series showed middle and working class life in a positive light? I can't think of any shows that show the working class as anything other than stupid (My Name Is Earl is a prime example, King of the Hill another example, The Simpsons portrayal of working class Homer, or Cletus for example.)
Anyway, I do enjoy some of these shows. I just think that our society is being influenced by a media that weaves itself into the thoughts and philosophies of our national psyche. Is it any wonder why nobody wants to be Earl, Homer, or Hank, when they've been told a life of luxury and easy money is waiting for them if they just go to college and act a certain way.
The Generation
I'd say something witty here, but I'm not that bright.
I think this sounds like a large-scale example of the famous Prisoner's Dilemma. Collectively, we might be better off if a lot fewer people went to traditional colleges; but individually, each person is likely to be better off if they do go to a traditional college.
One of my benchmarks in life - if the guy who draws "Mallard Fillmore" is against it, I'm all for it, with bells on. (This is based on about 95% reason, 5% spite.)
And he hates, hates, HATES colleges. As far as he's concerned if you didn't learn it from home schooling, it wasn't worth learning. Otherwise you're a communist god-hating droid who can't add two and two together.
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Prisencolinensinainciusol. Ol Rait!
TFA was sorely lacking in actual statistics stating how many Americans actually have four year college degrees and I didn't see any posted in the comments yet, so here goes. This chart Educational Attainment of the Population 25 Years And Over By Age: 1947 to 2003 seems to show that approximately 25% of the population has at least a Bachelor's Degree. You may think that the number is skewed by the older generation being less educated, but the chart also shows that the number is still under 30% for people ages 25-29. I would hardly say that this means that there are too many college graduates in the US.
4. Politicization. "If you want an A in English Literature with Dr. Rosenberg, you'd better write about feminist theories of hermeneutics."
Actually, there's a valuable lesson to be learned from that situation. Specifically, at some point in your life you're going to have a boss who gives you a task you don't like and tells you to do it in a way you don't want to. Suck it up and do it well anyway.
To do best service to society, we have to up the standards. We have to give up the crap we allow to pass along. The stories of what "smart" college students get away with is frightening. In my immediate family I have members that have taught in either upper crust high school, two big state schools and an Ivy League university so I have a real idea of how bad things are.
Entitlement has destroyed most high school top tracks and college. Students do not have to work hard enough. If high school and undergraduate degrees were worth more than toilet paper, society could benefit. I though my undergraduate and masters computer science should have been harder. And it has only gotten worse in the 10 years since.
They need to first fix high school. If people would just learn that no matter how hard you try to do crap like No Child Left Behind, there are just going to be a good number of people that just can not reach true college tier. If they would stop feeding the bullshit that everyone can and has a right to go we can move forward with creating college degree programs that are worth the parchment they are printed on.
Yeah...honestly the solution to the problem isn't to start throwing money at colleges to subsidize them or whatever..
It's to start forcing employers to start lowering there hiring standards. How much grief would we save in the country by making sure when someone says "You need a college degree" a college degree is actually required?
It doesn't require an inspecting office or anything- just allowance for suing/penalizing companies if they're clearly inflating their job requirements.
At the very least it could be handled by the Better Business Bureau- if a number of applicants complain about a job listing/etc that is clearly overestimating job requirements, some one steps in and invokes a fine.
The real way to curb inflation is actually doing something about it..because if you let inflation get 'corrected by market forces' you just wind up with a crash cycle.
I definitely see your point, and I agree with you on not undervaluing the "less important" jobs. But I think you're missing some key factors - motivation and desire. What gets some people up in the morning is the thought that you can improve your lot in life, maybe by going to school to get a better job. Not all people, mind you. Some are pretty happy being construction workers, truck drivers, whatever. I was a dishwasher for a number of years, until I decided that I really needed to do something with my life. A few degrees later and presto, a very satisfying IT job.
I don't think I would have been a very motivated/satisfied worker if I hadn't been able give it a go for myself. That being said - I'd much rather see the sanitation worker get the six digit paycheck than the douchbag that comes up with that garbage they pass for entertainment/advertising on the tube nowadays.
"Before God we are all equally wise - and equally foolish"
Albert Einstein
So don't. Since you already have so much experience, get that documented instead.
If you have a CCIE, you'll get job offers even if you don't have a degree.
The point is that you need SOMETHING other than your claims about your skill levels. And 3rd party, standardized evaluations come in many flavours.
And I had to call a plummer. Not a single one would come out to my house without guarantee of my paying them at least $150.
I have the most ridiculous driveway you have ever seen and one time my car slid halfway off of it. The tow truck bill was $175.
In both cases the contractors were at my house for less than 30 minutes and they both had their own licenses. They were also not very interested in being competitive in price due to an abundance of work. Getting a contractor's license usually means apprenticing for a while at 'low' pay, vs. going to college and digging a deep hole of debt.
I went to community college for a while and I would always tell the kids there that if they're not that interested in school, regardless of academic potential, they should get a contractor's license and go to school when they are more into it. They'll make more money and if they ever do get a degree it will be something more enjoyable for them.
I once took an excursion to Reddit, and later HN. Unlimited up/down voting sucks when dealing with a hive-mind.
If you ever happen past Chicago, this post deserves a beer. Thank you sir for your contribution.
Over the past 6 months I have interviewed:
BS in Mathematics that didn't know what a dot product was.
A PhD EE (solid state) that could not draw the energy band diagram of a diode.
Masters in CS that couldn't program - at all.
ALL from top 50 respected state colleges.
Grade inflation for money, period.
I'm pretty sure the guy driving the septic tank pumping truck makes twice as much as I do. And you know what? He deserves it!
I've abandoned my search for truth; now I'm just looking for some useful delusions.
The "college marxist" phenomenon might have had some basis in the culture of 60s radicalism, but today it's completely exaggerated. There are a few aging hippies of the "Ward Churchill" genus but younger professors do not have the luxury of engaging in politics.
In my time at college, I can only recall one time when a professor espouse a leftist political viewpoint. During an English class discussion I claimed that "there's never been a female dominant society." The ardently Feminist professor suggested (wrongly) that I was ignorant, but refused to provide a counter-example.
And that's it. That's all the "Marxism" I endured in my 4 year degree. It wasn't even enough to even sharpen my critical faculties. I should really write a letter complaining about what a limited exposure to different ideas I had in college. And given that I also had to endure lots of discredited right-wing propaganda in college, such as the "Laffer curve" and other falsehoods from my Econ professors, I think that on balance my college education basically just served to squelch all my political instincts and turn me and my fellow students into bland careerist rats.
Just look at some of the underemployment data out there. It is not surprising that areas with popular universities have pockets of high skilled workers flipping burgers.
My company has hired PhDs for positions that batchelors did 20 years ago. Amazingly enough several take it.
Many high school level desk jobs require a college degree now.
-and-
So why did you spend 2 years avoiding the money being doled out?
And student loans are designed to be repaid. That's not being "doled out".
I think too many people are confused between "money for education that does NOT have to be repaid" and "money for education that DOES have to be repaid).
Maybe if certain people hadn't shipped millions of jobs to sweatshop countries we wouldn't have "too many" college graduates chasing after shit-work jobs now.
It doesn't work for either institution, but they sell it like it does anyways.
Even the college curriculum is getting weaker all the time. I teach statistics, and a couple of years ago the program director I worked for told me point blank that it was not important that my students know what the variance or standard deviation of a distribution weere; what was important was that they get grades good enough that they got reimbursed by their employers so they would stay in school and eventually qualify for the school's masters degree program.
The math program throughout our undergraduate program is slipping. A few years ago, candidates for all four-year degrees had to have basic algebra (the equivalent of a high school freshman course) plus one "liberal arts math" course beyond that. Now that requirement has been dropped. Most degrees no longer require that additional course, and some no longer even require algebra.
As others have said, without the sheep skin your application will not make it past HR. It is the difference between a $40K a year job and a $70K+ job.
"I'm not a quack, I'm a mad scientist! There's a difference." - Dr. Cockroach
It looks like an Associated Press article to me. But then again, judging by your comment it appears unlikely you have clicked the link or read the article. Maybe you should educate yourself before you assume you can educate others.
The article makes a fair point. For starters the assertion that working to attain a degree is not usually worthwhile can be verified by two statics: the amount of debt incurred ($23,000) and the graduation rate (57% after 6 years). Clearly there are a lot of people working to attain degrees who do not stand to benefit (financially) from that decision.
Also, it seems like you are saying people should attend 4 year programs because that will make them less likely to subscribe to certain economic theories. It sounds like you are advocating strapping people with financial hardship for the purpose of indoctrinating them.
There are certainly a ton of economic forces out there driving this shift. I do think one important one is social. Society demeans people who work at McDonalds or Walmart. Anyone who watches television sees some celebrity constantly flaunting their wealth. People are made to feel inadequate if they aren't constantly buying the latest and greatest cars, clothing and toys. People are losers if they aren't out partying every night. We're constantly being told that we should be living extraordinary and unattainable lives. In the face of all this how can anyone tolerate living an average life? With reasonably frugal living a person could live a modest, but comfortable life, own a decent car and their own home. I know quite a few people who have achieved this and a good number of those without even having gone to college.
But this is not enough for many, maybe most people. These people have a burning desire for more. And I fully admit that I suffer from some of those same feelings. So what's the solution? Go to college. A degree offers the promise, whether it's true or not, of job security and an opportunity at a better life which actually means more income. So people go to college, even when they've got no real skill and no real passion. And this is where you get a lot of these idiots who get these business degrees because, well, it's open-ended enough that it should enable them to land a job almost anywhere. And with today's corporate mentality they're the ones who get promoted first because, well, they have a business degree so they must understand something about running a company. Even when they don't. So we've got this whole class of workers who seem to exist only to protect their own positions.
There's another significant problem out there: unions. Without question unions, in principle, provide a real value to workers. But unions, as they exist today all over the world, are an unmitigated disaster. All they're doing is strangling our economy making ever more absurd demands. They've turned into as big a business as the corporations they're supposedly fighting. And I'm convinced they're just as responsible as corporate management and the government for driving away jobs. Who wants to risk not going to college and entering an unreliable job market?
One thing that I find unbelievable is how many people out there have complained about abusive practices on the part of banks issuing college loans and the lack of government intervention and yet nobody seems to be saying a word about the universities themselves. Universities are among the most inefficiently run entities out there who like the government and raising taxes the solution to their problems is always raising tuition. It's obscene what universities charge for tuition and yet nobody complains. There's nobody fighting to force colleges to keep spending under control and bring down the cost of education. It's no wonder so many people end up buried under student debt.
I could go on and on. There are countless problems facing American workers. Although while European nations were smart to embrace trade schools they're not necessarily the solution either. Europe is facing just as many problems as we are. I have first-hand knowledge of people, with both college and trade school degrees struggling to find a job related to their field. This is definitely a complicated problem and while I agree that there are probably more people going to college than need to there currently aren't many compelling alternatives.
Using his example, you don't need to know anything about math, science, literature, etc, to cut down trees.
You need to know what they train you to do on the job. Therefore, an elementary student graduate could do the job, short of the physical requirements. So make him a dish washer until he's big enough to work a chain saw.
Nope, this isn't a slippery slope...
Do they teach carpentry, pipe fitting, welding, plumbing, etc. in high school?
Someone forgot to tell this guy that modern lumber harvesting is not a job that has no skill required. Like operating a crane, working a harvesting machine is an art. http://www.impactlab.com/wp-content/uploads/2008/05/logging-spider.jpg
Let's survey these same economist etc and find out how many would not send their kid to college based on this evidence.
Sounds like you want your appeal to be hired to rest on how many boy scout badges you got. The reason you are treated so well is because you have management that understands what makes a good programmer, and then rewards them accordingly. So no, you should get brownie points for having a degree, they prefer skilled people who have proven their ability to do the job they were hired for.
http://globaleconomicanalysis.blogspot.com/2010/04/trash-collecting-entrepreneur-squashed.html
$109,533 in annual compensation -- not bad if you ask me but they're going on strike over it...
Is to have 50% of children grow up to go to a four year college so they can get cushy jobs and live in their ivory towers in the "good part" of town. While 25% of the Children are dependent on the Government for their Governmnet cheese and these people vote to keep the 50% in power. While the rest of the population who actually DO the work is made up of College and High School dropouts and Illegal aliens who are essentially "Legalized slavery".
Tsukasa: All I really want, is to be left alone...
It's like having $100. If you give everyone in America an extra $100, the value of your $100 declines because there's more money floating around.
No - education is not a limited resource being divided up among the population (like the work being represented by money). It is like an mp3. You can overpay, not like the song, but its value is dependent entirely on you - how you appreciate it, how you use it.
Start by getting a degree that YOU value, and you'll use it to make your life better. It might mean more money, but it also might mean a more fulfilled life.
Why can't we admit that not everyone gets to be a fashion model, a football star, or a CEO?
Well you have a bunch of rich workaholic CEOs running things, and they go around telling everyone that rich workaholic CEOs are the only valuable people in the world and everyone else is a useless piece of crap. Surprise!
One of the problems a culture who believes that "capitalism" is an ethical/moral system rather than simply an economic system. For example:
I’m a free marketeer. I believe that voluntary exchange is not just a good method of incentivizing people to provide their labor and talents to society, but a robust moral system — goods and services represent tangible benefit to people, market prices represent the true value of goods in society, and wages represent the value that a worker provides to others. Absent negative externalities or monopoly effects, a man receives from the free market what he gives to it, his material worth is a running tally of the net benefit that he has provided to his fellow man. A high income is not only justified, but there is nobility to it.
If "wages represent the value that a worker provides to others", then implicitly no one can ever be underpaid or under-appreciated. Rich people are rich because they're good people who deserve all that life has to offer. If a garbage man or janitor is poor and suffering, it must be that he is a bad and worthless person who isn't contributing anything to society.... right?
Yeah, so that really sucks, but that belief system persists, largely because the rich and powerful are egocentric enough to actually believe that they deserve everything they've gotten, as well as being powerful enough push that belief system into our culture as an absolute truth.
Agreed. I really like the idea of taxing on a curve. Want to pay less in taxes? Raise the median income level.
Count on "policy wonks" to draw the maximally moronic conclusions possible. Naturally, spending trillions of dollars on invading other countries, the "War on Drugs," the "War on Terror," and other orgies of pork-barrel politics is just fine and dandy for our economic and industrial development, trade deficit, social well-being, etc.
But nobody inside really wants to fix it. It's so hard to establish a career there. The tenure system is a bit like medical residency. If you look at the practice, it's frankly nuts,but there are two kinds of people in the system: those who are going through it right now and are trying to keep their head above the water, and those who've made it out of the water and don't want to rock the boat.
The fundamental problem is with the idea that really drives the acquisition of degrees as a kind of vocational qualification: the notion that you can certify a person's intellect at some point in time, and then it never needs to be upgraded. That idea may have worked in late medieval times. Gentlemen to University and received a pretty solid sample of every branch of knowledge there was. After the invention of movable type, they could purchase a library for themselves on the way home that also represented a majority of all the books that were worth having. Thirty years later they could bequeath that library to their descendants, who need add no more than a few new volumes to bring it up to date.
Even if such a library could be amassed today, much of it would need replacing every decade, if not every year. The same goes for the information inside the young baccalaureate's head.
A four year degree with a liberal smattering of liberal arts as a lifelong job credential makes zero sense today. And all those 20 year old kids taking classes in literature, politics and psychology to fulfill their distribution requirements... well sure, they get some benefit from that, but how much more benefit would they get if they took those classes when they were 30, or 40? And as for the vocational aspects of a degree, even an engineering degree is only the start of your education.
If I were philosopher king, I'd ban the Bachelor's degree. Instead, I'd send students for an Associate's and then a certificate, renewed every five years, of lifelong learning. A BS takes something like 128 Credit Hours. I"d let them out after 64 and require 16 credits every five years for the rest of your life to keep your lifelong learner's accreditation current. That system would be cheaper and more effective.
Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
Well spoken!
I couldn't agree with you more. But how do you fix it in a capitalistic society? People don't want to pay 500 dollars a week to have their garbage picked up and if Americans don't want to do it there are plenty of others who would.
One thing that I tend to believe is that more and more technology will assume the role of "grunt" if you'll pardon the expression. The jobs will revolve around the development and maintenance of this technology thus requiring education. Instead of digging ditches I would monitor and coordinate automatic/robotic ditch diggers. We're just not there yet.
But in the meantime, we really should be respectful towards all people no matter what their occupation is. Remember that the next time you're in a public restroom and feel it's ok to make a mess and not clean it up or throw your used paper towels on the floor. Or you think it's ok to clean your car out in the supermarket parking lot and leave the garbage in one of the shopping carts etc..
But society says this privileged douchebag is worth thousands of times more than the guy who washes dishes. So what do we expect people to do? Everyone wants to be that pampered and privileged CEO, nobody wants to build bridges and roads. And so we have Wall Street profiting while the economy crumbles, and meanwhile, most of our infrastructure is falling apart.
This makes zero economic sense.
If few people wish to perform a particular labor, that will tend to drive up its cost, and vice versa. This is why starting garbage collectors make more than starting teachers, and starry-eyed aspiring actors/actresses are willing to work for free.
Facts are, running a business successfully is a talent that few people have. Remember Apple before Steve Jobs came back? Without Jobs, there would be no iPhones, iPads, or i-anythings... in fact, there would be no Apple Inc. at all! And you're going to try to tell me that he doesn't deserve every penny of his compensation? You're nuts.
I always thought "getting an education" was a euphemism for being indoctrinated. What else could be the purpose of sitting for hours on end listening to a professor and taking notes? Isn't that how you indoctrinate someone? Is there any room for thought and reason and learning on the one-way street we call education?
No, learning happens outside the classroom. But our society has several tricks up it's sleeve to keep it from happening there too. For starters, as long as we are saddled with debt we will be under pressure to perform. That means there won't be room for learning (too busy making ends meet).
On top of that, we have several "required beliefs" which people must adhere to in order to be accepted by society. That means turning from them will get you branded as a crackpot or a non-conformist (which I suppose is technically what you are. . .). Most people don't really accept the required beliefs (the ones they have time to think about, of course they don't question things they don't consider) but they will still pretend in order to be accepted. It's all for the sake of social order, which facilitates control. And where would we be if society were out of control? (the correct answer to that question is a required belief). That is why indoctrination is necessary.
If I could do it over again, this is how I'd do it. Being that this is impossible, I'll just do what everyone else does, and make their kids do it:
- taught to read and basic math before KG
-GED achieved by age 12, ship off to nursing school
-RN by 14. GO TO WORK.
- 4 year pre-med degree completed by 18
- MD or DO by end of year 21
- residency complete by 25
- law school, JD by 28
- business school, MBA by 31
then what you have, as a worst case schenario, is a 30-something RN, MD, JD, MBA... who when they CAN'T find work, can slum it as an RN and still clear bank.
The article assumes one things: Going to college is a trade off for wages. Either you get student loans and study, or you work full time.
That's not true at all. I would argue that it's barely a trade off to get a low wage job full time, or be a student and part time earn a low wage job. Either way, you'll likely need government / parent assistance or want it.
So I pose a better solution: Let HR departments toss non-college degrees in the trash, but students should differenciate themselves on experience, not GPA.
In other words: CS grad with 4.0+ vs CS grad with 3.2 + work experience -- who do you think will win?
How do you get work experience? Well fortunately it's pretty easy -- go do stuff for free, then market your free work to a real low paying job -> Then graduate and tout your experience.
Why do we emphasize the importance of some jobs, like advertising executive or investment banker, that add nothing of real value to humanity, while denigrating those who pick up our trash?
Wait, did you catch that, everyone? "Those who pick our trash"? You don't see yourself as one of "those", do you? As long as it's "those" and not "you", it's ok to speak down on everyone, because they dare try to be anything more than pick someone's trash.
I say lead by example. I want you to pick my trash. We have a deal?
Or maybe you don't want to do this, as you think you're good at coding or designing or engineering. Shouldn't have graduated then. It's all your fault.
So, have kids grow up watching Lassie, The Andy Griffith Show, and Family Matters and all shall be saved. The part I never understood about assertions like the one above is that they assume that television is the only input we have to society, and that there is only one society in the country. We had a civil war almost 150 years ago and people on both sides still occasionally think it wouldn't be a bad plan to obliterate the other half of the country. There is certainly more than one true society in America, and with that knowledge, we simply have to choose which to be a part of. If you don't like the TV-commercial-o-minute-55%-of-the-fat-I'll-take-two-love-this-thing-and-buy-it-get-rich-quick-and-lazy society, and I don't blame you, remove yourself from it. Do something else with your time, and absorb yourself in something you deem more worthwhile.
"...And who wants to make buttprints in the sands of time?" ~Bob Moawad
Our public schools are inadequate and don't teach our kids the basics. Kids are so overwhelmed with school, homework, and extracurricular activities they don't have a chance to just be kids. Kids waste their time playing Nintendo and sexting each other. Our schools are grossly underfunded. Our teachers are overpaid. Teachers are heroes. Teachers are unionized civil servants who barely have the skills to flip burgers. All schools nowadays only focus on college prep and not marketable job skills. Colleges have lowered the entry bar because schools don't hone basic skills. College students don't learn anything, they just waste time and party. College students are under such pressure to get good grades they're taking prescription drugs to help them focus. You need a college degree to get a good job. Some of the best people in the company don't have college degrees. Most of what you learn in college is useless. A college education ensures you're able to think. Colleges do a lousy job in teaching problem-solving skills. College students and their parents get buried in debt. A degree from an affordable college isn't worth the paper its printed on. The government is spending too much money on higher education. We're so being other nations in the number of college grads its embarrassing.
Obviously there's only one conclusion to draw.
Prisencolinensinainciusol. Ol Rait!
So true. Not everyone is equal, but that doesn't mean anyone is better. Everyone is good at something, and it's not good for society on a whole if everyone is corralled into one specific job.
I agree with all points except politicization. While it occurs, how does that devalue the degree? OK, it makes the degree less useful, but if *everybody* experiences politicization then the *everybody* has a degree that is less useful. And really - no employer has any clue what you learned in whatever class you took.
The other points are extremely valid. As a college instructor I can vouch for all of them. But I would add the one that everybody else has mentioned: promoting college for everybody is just stupid. Of the classes I teach - in spite of grade inflation and dumbing down - there are always a few students who don't show up (and receive an "F") and a few more students who _earn_ an "F". Tack on the roughly 25-30% of the class who should have failed (but received a "C" or "D" instead) and we have about 40% of the class that can't pass a freshman course. BTW, don't blame me for grade inflation - that is a direct result (as in, I was told to do so) of higher faculty and administration trying to keep the private college rooms full.
Mike Rowe had an interesting Ted Talk about this a couple of years ago:
http://www.youtube.com/watch?v=IRVdiHu1VCc&feature=channel
No marketing drone makes "hundreds or thousands of times" what a sewer worker does. Get a sense of proportion dammit. Yes, lets say a marketing drone makes $250,000 a year and the sewer worker makes minimum wage (both wrong in all but extreme cases). $250,000/year -> $125/hr, minimum wage is $7.25/hr which is a ratio of 17.2. Get real and drop the hyperbole. I even estimated in your favor in both cases. Sanitation workers tend to be paid relatively well and market droids tend to top out in the low sixes.
My Babylon
College is frackin' expensive. I could not afford to finish if it wasn't for the G.I. Bill... It's costing me ~ $10,000 a year for 27 credits. (3 semesters 3 classes each)
I have a home I'm paying a mortgage on, and finishing would not be an option otherwise; racking up $30,000 in debt is not acceptable.
No marketing drone is worth hundreds or thousands of times what a sewer worker is worth. Yet our society says they are.
I think there is a contradiction here. Worth is precisely what society says it is, no more and no less.
My point is that plenty of people do get up in the morning motivated by false promises of being able to improve their lives. If everyone who tried to improve their life actually succeeded, who would be left to do the crappy jobs? That is my point. Not everyone who works hard and makes smart choices gets ahead. Statistically speaking, in our economy, they can't all get ahead. We like to think the ones that fail, fail due to character defects, bad choices, or poor work ethics. But we're fooling ourselves. Structurally, it isn't possible for everyone who tries to get the 'good' job they are looking for.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
What about the fact that the gov't making it easy to get extremely cheap loans and/or grants contributing to inflation in college tuition? I mean it's a simple supply/demand curve. The gov't is increasing demand by allowing a lot more people to throw a lot more money at college. College tuition has increased astronomically compared with inflation over the past few decades. Anybody else see this as NOT a coincidence?
Maybe the real answer here is to stop making it so easy for kids to afford college so they have to actually consider there options, plan, and/or work hard instead of getting easy money up front and then being a slave to it later.
If only AC's could mod... I'd mod you with +10 "Applause"
FiveThirtyEight looked at this question from a fairly rigorous statistical point of view. Their conclusion was that college graduates have far better career prospects than lower levels of educational achievement. In fact, US college graduates have remained at (the technical definition of) full employment throughout the current economic downturn, while other groups have suffered terribly. The obvious conclusion is that there are not too many college graduates.
This is one of those rare posts that I wish would actually get passed around in emails, and posted to other websites. Easily one of the best posts I've ever seen on /.
Some bring out the best in others, some the worst. Some bring out far more.
We don't need any lumberjacks, sanitation workers, or construction workers.
With increased mechanization, efficiencies of scale, business consolidation, and general economic stagnation it is mostly true that we don't need many of these low-prestige workers. And it's hardly worth trying to compete with illegal immigrants for those jobs anyway. A shortage of labor is certainly not the reason for crumbling infrastructure.
How about making a high school diploma mean something again? The bachelor's degree has become the new high school diploma. Which only continues a very long process; used to be in the early part of last century that 8th grade was the end of the line for most students. This wouldn't be so bad if people were actually learning more, but I think in many cases they are not; they're just wasting time and effort.
Step one (and it's a doozy) is to get the primary and secondary education working in the many areas where it's simply broken, and to get it working better in the areas where it is not. Basic literacy and arithmetic by the end of elementary school, and the ability for nearly all students to pass something like today's GED by the end of 8th or 9th grade. Then the rest of high school can actually be used for some of the advanced academic stuff, or for training in trades. Do that, and convince the rest of society (particularly including employers) that it has been done, and people won't need the bachelor's degree.
I don't see it happening. Instead, we'll see the masters become what the bachelor's is today, a basic requirement -- it's already starting to happen in some fields. Which is too bad.
so...learn how to a job, but under no circumstances enrich yourself via the social sciences, the arts, the sciences, and the humanities...fantastic recipe for success.
and as for the whole "as long as i don't have to pay for it" thing - selfish, pig-headed thinking. people should share burdens, not try to pawn them off on others.
I would like to see a better source for that than some investment banker's blog and a crappy scan of a document anyone could have created in five minutes. Heck, they could have at least put it on Waste Management stationary...
Not that I'm saying it's wrong, just that someone with an obvious axe to grind and no reliable sources is a bit hard to trust.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
"The point is, ladies and gentlemen, that greed, for lack of a better word, is good." --Gordon Gekko
One of the primary benefits of positions of power is that no one is going to shatter your comforting and self serving illusions. The only people with the power to do so have the same illusions you do.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
You don't have to be very smart to clean toilets in a McDonalds so any high school dropout can do it. Since that High School dropout has few opportunities, McDonalds gets by with paying him less since his relative work is worth less.
At the very least referring to high school dropouts, why would an employer hire them over somebody who didn't drop out halfway through something incredibly easy?
Years ago during a congressional committee hearing, Alan Greenspan was addressing the proposed (and since passed into law) income tax deduction for student loans. He noted that this was going to have the desired effect of putting more students in college, but also cause student loans--and their corresponding default rate--to rise accordingly. And then he questioned the wisdom of that outcome. When challenged on this, he pointed out that which Congress taxes we generally get less of, and that which Congress provides incentives for, we get more of.
From a supply-and-demand perspective, this makes sense, especially if we consider taxation (and its opposite, tax deduction) to be "cost", wannabe students demand, and colleges supply, we will have more colleges cranking out more grads if the cost goes down.
About 10 years ago in its annual review of colleges & universities, U.S. News was speculating that we didn't have enough colleges to meet the ever-growing demands of future needs. Of course that was all based on the assumption that the economy was only, ever, always going to grow. I hope at some point we can get over that notion.
Your post was almost as well written as the GP's.
Your ad here. Ask me how!
If everyone is getting a degree, is because your system is flawed. I was an exchange student in the USA (civil engineering) and unless you are blatantly stupid and work hard to fail your courses it's almost impossible that you get a grade under a B, and impossible to score under a C. In my home university im glad if I pass the exams, usually noone gets an A or a B, and the best grade can be a C+, with 20% of the students that passed getting a C or a D, and 70% of the class failing the course.
Thats because I come from a country where 31% of the population tries to get an university degree. And obviously, there is first not enough market for that, and second the university is public and free (as free beer) and the state is not going to expend 100.000€ in training you so that you wont find a job here and leave the country and go somewhere else. So what was the solution?
Well, university should train you to do a high qualifyed work. If lot of people want in, you have an exceptional opportunity to rise the standards, teach better, teach more, expect a deeper understanding and a faster and better reasoning from the students. Also they give people more learning time (2 semesters without holidays, 4 months courses, 2 months of examinations with 2 weeks free to learn between each exam). They also stopped asking the people for their GPA to acces the university. The general thought is, if you didnt liked highschool and sucked at it but passed, doesnt mean generally that when you start studying something you love and are obssesed about you will perform badly, on the contrary. So they made the first year or two years "selective". That means absurdly difficult exams that noone can do, so that only 10-30% of the people that comes in can go beyond 2nd year. In those two years the very basics are thought, the level is very high, and they expect you to be almost obssesed with your studys.
Also make university harder, let 70-80% of the people fail, get kicked out and get on with their lives. In exchange you get better surgeons, better engineers, scientists, teachers,... professionals in general. And the people who are not able to do it will find their way into the "technical trainees" of two years that everyone is talking about or will find a more suitable job to their capacity.
The motto shouldnt be "you can be whatever you want", it should be "if you are smart and work really really hard, you can be whatever you want".
Instead what USA Universities offer are students programs where, "if you get in" and "if you are able to pay", they assure you that your GPA is going to be really good and look really nice in their curriculums. Yeah, well welcome to privatizing education, students prefer the easy way not the hard one, and if they are going to have to pay anyway... More competitivity should allow you to have better professionals, but wait for that you would need... ah, regulation, i forgot you were against that.
That article is worth a read. The elephant in the room is that real income per hour worked in the US peaked in 1973. Real income per capita doubled from 1947 to 1973; it's only gone up 20% since then, and that gain is only because there are more two-income families and longer hours.
Think about that. All the progress since 1973, and there's no payoff. Nobody talks about that much. Until the 1970s, annual improvements in per-capital real median income were trumpeted in the press. Today, it's tough to find those numbers in Department of Labor tables.
Until the 1980s, the US had very few homeless people. Now that's accepted as normal.
There's an illusion that things are getting better, because one of the classic measures is whether income is increasing for an individual. Income increases with age, but today's thirtysomething makes less than the thirtysomething of twenty years ago.
So doing better with your life requires getting ahead of someone else. That's where a college education comes in. It's not so much the useful skills; it's a product differentiator for people.
Things that are making college degrees less valuable, and therefore necessary for an even wider range of jobs:
1. High school degrees are now worthless. "Bill showed up for four years."
2. Affirmative action. "Even though Jake got a 950 on his SAT, he can go to Harvard."
3. Grade inflation. "We wanted Suzy to feel on par with her classmates, so the lowest anyone can get is a B."
4. Politicization. "If you want an A in English Literature with Dr. Rosenberg, you'd better write about feminist theories of hermeneutics."
5. Dumbing down. "The staff decided it's too hard to code up a parser on a 64k Apple II, so we're going to start you off on Logo for Windows 7."
Thanks to the feelgood policies of the 1970s, every precious snowflake feels entitled for just showing up. Schools have responded by making sure everyone has a place. The result: college degrees are no longer worth much, since they're easy to get.
Rarity of college degree = value of college degree
It's like having $100. If you give everyone in America an extra $100, the value of your $100 declines because there's more money floating around.
You can say that a college degree is easy to get, but how many people actually obtain one??? The statistics are not pleasing in anyway.
We're talking about teenagers. Who, on average, watch 3-4 hours of television per day according to google. And that is the point in life where people make the decision to go to college or not.
The Generation
I'd say something witty here, but I'm not that bright.
Many, many people have the talent for running a business successfully, but no capital and therefore, no chance to prove it. The illusion that running a business takes some kind of special genius is a self serving illusion perpetuated by the people who run businesses. You know why so many businesses fail? Because shitheads with no skills, no brains, but plenty of good old fashioned daddy-money are the ones who get to start businesses. It's got nothing to do with how hard it is.
In the Mondragon Cooperative in Spain, they have a 90% startup success rate, because everyone is encouraged to start a cooperative, and they are given all the help they need, from cooperative lending, to cooperative staffing, to cooperative business planning. It's not hard. Anyone can do it. Only in capitalist societies where the barrier to entry is set so high only the rich can start a business do we see the reverse, with the majority of startups failing. It's not that rich people are idiots, or even less intelligent than average. It's just that they believe their own lies, and you can't be that delusional and function well.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Questions about "whether too many people are going to college" represent a bunch of sub-questions.
1) Is the student actually never going to graduate (due to low skills, bad performance, or financial problems)?
2) If the student graduates, will they be able to get a job to pay off their loans?
3) If the student graduates, and they get a job, will it pay enough to pay off their loans?
Regarding (1), just 54% of students entering four-year colleges in 1997 had a degree six years later. It is worse at some institutions, for example only 33% of the freshmen who enter the University of Massachusetts, Boston, graduate within six years.
Regarding (2), based on unemployment by major, here are the majors with the most unemployment:
Industrial Design 30.0%
Architecture & Urban Planning 22.2%
Natural Resources 20.0%
Cultures/Civilization 18.2%
Interior Design 16.7%
Agriculture/Horticulture 16.1%
Zoology 15.0%
Civil Engineering 14.4%
Video/Media 12.0% (I know a TV production assistant who now works as an admin)
Art & Design 10.9%
PreLaw and Legal 10.1% (I suspect this reflects the number of people who didn't go on to law school)
Music - Composition/Theory 10.0%
And regarding (3), the following degrees have less than 10% unemployment, but here are the ten-year in salaries:
English: 4% unemployment, $76,348 (call me crazy, but I suspect a lot of English majors leave the workforce when they get married...)
Journalism: 6.4% unemployment, $77,161
Linguistics: $48,534
Music performance: 6.6% unemployment, $52,803
Performance arts: 4.6% unemployment, $55,770
PreVet and Veterinary: $59,774
Social Work: 6.4% unemployment, $69,535
Sociology: 4.2% unemployment, $68,462
Compare with:
Electrical Engineering: 3.7% unemployment, $104,344 10 years in.
Computer Science, 5.1% unemployment, $98,678 10 years in.
A marathon analogy is the best way I can think of to describe the current picture of education system in places especially like China.
Imagine a marathon race with twisted rules, where only the first 60% of participants are allowed to pass certain checkpoints located at the 200m, 500m, and 1km. Whereas the lagging participants are forfeited to take a longer and tougher route. The rational that the organizer gives in this race is "If you can't even win in the first kilometer, don't even think about winning when you reach the end of 40km!"
It is too sad to say that the checkpoints on 200m, 500m, 1km, 2km, 5km each corresponds to the checkpoints of our life at kindergarden, primary school, high school, college, and university. And the filter rate is increasingly strict as competition gets intense. Everyone rushes to win at these checkpoints, but then suddenly stop upon exhausted and walk slowly towards the end of race because there is no big shinny trophy waiting there.
Life is like a marathon. Yet too many people focuses on who gets number one at the 100th m and 1st km, instead of who are the few people who can eventually reach the 40th km before they died.
I wasn't going to comment in this thread - I really wasn't, but I couldn't ignore this.
I've studied enough economics that, well, my college education can debunk this right away. ;)
Supply and demand. Let's say "no one wants to pick up garbage". What you're saying is that "no one wants to pick up garbage at such a low pay rate and no respect". (Actually, the truth is, *really* - no one wants to pick up garbage, not even the guys that do it, but that's besides the point...)
Trash company suddenly can't find anyone to pick up trash at the rate they're asking. What do they do? Well - they could go out recruiting (unlikely), or they could up the pay rate. Cycle continues until either the trash company goes out of business, or they find someone willing to work at that pay rate. If enough people are working at the higher pay rate, if the trash company can't turn a profit, they will raise the rate of what they charge their customers. If customers switch trash companies as a result, that one might go out of business, but someone else will step in - the cycle continues. Actually, we're describing rudimentary inflation to an end - but the basic point is this: society won't collapse from too many well-educated people. Sure, I like to work in my field of choice, but at the end of the day I kind of like to eat, have clothes on my back, and a roof over my head. Push comes to shove, even I would go pick up trash if I had to in order to make ends meet. Would I be happy with it? Heck no! Society WILL find a way to adapt. That's the beauty of unmitigated capitalism. The ugliness of it however is that it breeds monopolies over time. That's why we have anti-trust laws, which are clearly socialistic. We have grown into an amalgamatic socialistic/capitalistic state.
Anyway - your point is moot. :P Our infrastructure may crumble - for a time. Pride will eventually give way to necessity. Always does.
Karma: Chameleon (mostly due to the fact that you come and go).
I would be more than happy to pick up trash, it's not demeaning doing what needs to be done. I just wouldn't like being forced into it, and then scorned for having to do it. Heck, if everyone spent two hours a day doing the shitty jobs rather than forcing them onto the unfortunate, we'd get the shitty jobs done with plenty of time left over to do what we like.
When you try to score points in an argument based on guesses and assumptions, you will usually lose.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Taxes isn't how the department of education wants it's money back. As for some I'll name no names, but I know one person taking care of their invalid parents, so a full time job is kind of out of the question.
Your title rings a bell, as I indeed intended to be all of these things, and I only managed to be a fireman, an avid musician, and a rocket scientist. Still working on the fame money and orbit parts of the plan; I'll let you know how it works out.
"...And who wants to make buttprints in the sands of time?" ~Bob Moawad
Most students get help and do not even realize it. Many States use money from the tax coffers to make higher education more affordable. Even people who beg, borrow, or steal the money to "pay their own way" through a university in these states are getting help from all tax payers.
Citation: Ohio's Office Of Budget Management Budget Highlights
The larger concern here is that people are, whether they realize it or not, hawking darn-near outright socialistic behavior. If they would calm down and think through this logically, the capitalistic side of this will correct for itself over time, *PRESUMING* the anti-trust mechanism of our government does the job it should.
I'm not one of the socialism fear-mongers. Obama's playing the hand he was dealt, and it sucks. But I have another post in this thread - it lays out exactly how this will play out.
At the end of the day - people HATE capitalistic correction, and rightfully so, because it always puts us in our place (or darn near always). It's not a happy thing when a company goes out of business because they were inefficient, but it is likely the right thing to happen. Sucks when a mall goes desolate - but if we build too many malls, it will inevitably happen. This is partly why trade unions are so evil - they force inefficiency to "protect jobs", yet the reality is that unions (I'm looking at you, auto workers) will persist in making it cheaper to manufacture elsewhere, and forcing companies to stay here will only force them to be inefficient, quite possibly to the end of going out of business.
Fact is that man/most manufacturing jobs could and should be automated out of existence. It really sucks when friends/family/coworkers lose their job and can't find work. It *has* to happen. Society will adapt - we don't get to skip out on taking our medicine just because we don't like it.
The trick here is holding those on the high dollar end of this inefficiency responsible for the failures that they create. When only the bottom end pays dearly - that's inefficient too.
Karma: Chameleon (mostly due to the fact that you come and go).
You assume that labor actually operates under the laws of supply and demand. First off, you learned some economics, so you know the paper about lemons? As in, bad cars? It talks about the effects of information imbalance on the market. Well, the labor market is a prime example of this effect. Workers know more about their true value than bosses do, therefore, bosses must assume that all workers are overstating their value and therefore, all bosses systematically undervalue labor.
Capitalism values capital more than labor. It's systemic. And the owning class see each other as valuable, while the working class are replaceable. Thus systematically devaluing labor again. Your theory also assumes people are rational actors, this has been disproven by many, many recent experiments. The owning class do not make decisions based on their rational self interest. Many of them, for instance, would bankrupt themselves rather than give in to worker demands because giving in puts them lower down on the old totem pole, and being high in the social hierarchy is the real reason they became rich in the first place. They would rather go bankrupt and be able to say "Fuck you!" to the workers than pay a fair wage and be seen as an equal. That is culturally systemic to the owning class, and they make the rules because they have the capital.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Greece?
Italy?
Spain?
Ireland?
Portugal?
Yeah... Those governments ran their countries just fine. (For values of "just fine" corresponding to "give the unions whatever the hell they want in the short term to get elected regardless of the capacity to pay for it in the long run") Of course, the US is pretty far down that path as is, so we're really following Europe's example pretty well.
"If still these truths be held to be
Self evident."
-Edna St. Vincent Millay
A few comments from the latest entry in my aunt's blog (http://www.travelwithhopi.blogspot.com)...
What did Obama mean when he said our children need to be better educated? Let us take a look at students around the world. In India, pupils in the elementary grades are learning advanced mathematics by the time they reach the age of nine. They are expected to know a minimum of two languages when the reach middle school, their own and English. Most pupils are able to speak two or three Indian languages as well as English before they reach middle school.
Pupils in China must memorize 5,000 characters before they can read their newspaper and 12,000 characters in order to enter the university. Their ability to memorize is unequaled. This doesn't stop them from studying mathematics at much higher levels in the high schools than we study here.
In Singapore, students will take eight A level exams before they graduate, while in England the populace is happy if their students learn and take two A levels.
When I state some of these figures, people brush it aside, saying that foreign students learn by rote and our children are learning to think critically and analyze.. Yes, that is true. In the early years Asian students do learn by rote. But when they begin analyzing and thinking critically they have a wealth of material to think about critically. They aren't playing catch-up in their teens and their twenties.
There are two large bloated institutions in the US right now that are unsustainable. The first is the medical care system and the second is the traditional four year college.
Both of these have high costs out of proportion to the benefits and not only that the costs are growing at rates higher than inflation making them completely unsustainable.
They are both ripe for replacement by non traditional service delivery systems that will crash their business models, just like the internet crashed the traditional phone company model.
Sooner or later these colleges will be replaced by other systems.
Huh. What an odd situation. Here we have people without jobs, and no money to buy the things they need. If only there were something those people could do to work at creating the things they and others need, why, we'd kill two birds with one stone, wouldn't we? They would have jobs, AND things!
I mean, I'm not criticizing capitalism or the free market for failing in the simple task of matching things that need to be done with people not currently doing anything, heavens no. Obviously, we have the best of all possible systems and any "failings" of are simply because, uh, well.... Hey! look at that interesting thing over there!
We obviously don't have a shortage of labor. We have a system that is incapable of matching the labor available to the work that needs doing.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
between education and job training. This article just helps prove that point.
After high school, I went on to a four year, accumulated debt and got my MIS degree just in time for the tech bubble to burst. Then I worked in unrelated fields and took windows admin (MCSE) classes at a community college before I got into tech.
Looking back at it, I wish, after high school, I had gone to my local CC, gotten an AS (and AA) in something like network administration, worked a couple years, and then jumped to a four year for a BS (while still working). That would have made me a twenty-two year old junior with some work skills and even some money.
That CC's career dept. had amazing opportunities for internships and entry level positions.
So a slave is only worth his market price? I mean, in his own society, he might have been a chief or a skilled hunter. But obviously, our society is the only one that counts in determining worth. You know, us. Not them, over there. They shouldn't really get a say.
Everyone gets a vote in our free market, a vote saying how valuable they think things and people should be. Except, it isn't one man, one vote, it is one dollar, one vote. Those who have the most dollars get the most say in determining the value of things and people. And considering the wealth inequality in our country, what that means is that the top 1% get more say in what the value of things are than the bottom 90%.
There is no contradiction, you just haven't thought through what society really is, minus the comforting illusions.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
My University nickname is the lumberjacks, you insensitive clod!
Are you by chance a brain surgeon as well? Travel through any solid rock recently?
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Leaving aside the whole actual argument of the article, I find the journalism troubling.
There's a few lede paragraphs. And then, it's all about "a growing number of economists, policy analysts and academics". It turns out "they say" things that back the arguments point -- anonymously and collectively. "Experts cite" statistics.
But then, whose names do we actually get? Well, there's the president/CEO of a test-taking company, who only says "The reality is, they may not be ready for college." (Take my test and find out, I guess.)
Then we get some paragraphs about how much school costs. Fine. Then we're told that college grads have a much, much lower unemployment rate than those with just a high school degree, which doesn't seem to support the point at all, but the statement is given as if it does.
That's followed by a quote from some career-center councilor -- hardly a national expert -- who complains that a four-year degree doesn't get you much (again without actually speaking to the thesis of the article).
Then we have some quotes from a high-school senior, the one from the introductory paragraphs.
And her mom.
Okay, _finally_: Ohio University economics professor Richard Vedder, who gives the pull-quote above. Apparently some more on him here: http://www.sourcewatch.org/index.php?title=Richard_Vedder . Anti-immigration, pro-tobacco, shockingly opposed to public funding for higher education. But okay, at least he qualifies as an "economist, policy analyst and academic".
Next up: Margaret Spellings, former federal education secretary under George W. Bush. Wait, she's a counter-point. She supports more college grads. Okay.
Next: John Reynolds, but all he is quoted talking about is whether dropping out makes you depressed. (It doesn't, overall.)
And then we close with a quote from the test company guy, who says, shockingly, that we need a new way of measuring skills rather than just trusting college degrees. Perhaps if there were *some sort of test*. Right, I see where you're coming from.
So, in summary, this WHOLE ARTICLE, which purports to show some sort of trend, is really just a framework around the argument of this Richard Vedder guy. His research may be sound, or it may not be -- but it sure isn't enough to support what the article claims.
is being challenged by a growing number of economists, policy analysts, and academics
Is any of them not a 4--year college graduate?
I graduated from a lousy public school. Just made it into college. I didn't have basic math and science type skills. None at all. My college also had remedial classes to help students like me. These classes - at least at my school, but I imagine yours as well - were zero credit and charged extra tuition to fund the program. They work. I graduated with a BS in Mathematics and Chemistry, a minor in Physics. Today I am a PhD Physical Chemist, and make a great living doing research on the worlds fastest supercomputers. I'm glad there are programs like these.
Your post is very off-putting. It drips with condescension and self importance. Bend over backwards for the dumbest among us? You are a dick. There are a lot of people who didn't have the advantages you had coming up. My parents are blue collar, just like their parents. They didn't have the experience or means to improve my education. I'm happy there are people more insightful and compassionate than yourself, in positions to create these kind of special purpose classes.
46 & 2
Nice way to hide misrepresentation of the facts with an emotional appeal. The actual facts are that 4.5 million construction and manufacturing jobs have been lost this decade (~20% of the total). Jobs that don't require higher education are declining (this is spelled out in a lot more detail at the link). While I have no disrespect for the guy who washes dishes, there are a lot more people who are willing and able to wash dishes than dishwashing jobs. We're not doing anyone a favor by not educating our population for the jobs that we will require.
I believe there are a number of real problems in modern higher education institutions. Two of which are very negative toward the success of the students, and ultimately the human race. They require way too much unrelated material in many degrees, much of which is basically useless. I do believe some are needed. But the requirements are far too heavy just to "make hours available". It's as if it's padded to look good, not be good. And, the method of "success or failure" is very wrong. No single student learns material the same. Some learn it better in some situations, other do completely different. Any student should be able to learn at his/her pace, be it fast or slow, and be allow to re-do any course for success only. The whole idea of grades is competition based and serves no real purpose other than for vanity. Competition is good, but only for competitive goals, not for life or education goals. It is a negative burden in this use of education for life. And who's to say a student who takes a single class again won't learn it deeper than a single time? Wouldn't that be better in some cases? Or a student who can learn some materials very quickly and effeciantly so as to move on to more material? Modern higher ed needs a complete reboot. IMHO.
The thing is, there aren't enough high end jobs to go around for all those ex construction workers. We will still require things to be produced. Is it all going to be made by robots and poor foreigners? We have a fundamental disconnect in our system, there are people out of work while there are things that need to be done. Personally, I think that is because we have a bad infestation of wealthy parasites, sucking up all the wealth and leaving none to pay people to do necessary things. So things don't get done and people don't have jobs, just so some asshole can have three yachts instead of two.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
The problem is the American idea, and it is mostly just an American idea, that a Liberal Arts degree is something valuable. It is not, and it generally does not prepare for people for life. Ask the girl working as a cashier at wholefoods who has a degree in international studies. International studies would be good for someone who's goal was to be a diplomat or work for an aid agency but the supply is orders of magnitude greater than the demand. You need a goal and a realistic plan before you go to university or you will be wasting your time and your parents money. The plan should be along the lines of do degree in X and that will prepare me for job doing Y that I really want to do.
Dear God, it's comments like these that make me wish Slashdot had a "BESTOF" button.
> No marketing drone is worth hundreds or thousands of times what a sewer worker is worth. Yet our society says they are.
Equivocation, or contradiction if you prefer, I'm not sure which. The consumers of this marketing drone's product, and ultimately society, determine the drone's income. If you take "worth" to mean this person's income, then the drone IS worth that much, regardless of any other interpretation of "worth", e.g. holistic value to society, work ethic, how much people respect him, or any other unmeasurable quantity of worth.
I don't think there's any reason why ones worth (in income) must necessarily correlate with worth in other areas, as meritocratic and pleasing to us as it might seem.
Agreed on other points though, I think that people should not be denigrated in any way for legitimately earning money by work, no matter how beneath us we might consider it. Everyone's got to eat.
Last I heard some garbage haulers -- the ones that are unionized -- got pay very well. If most people -- including you -- can't be a successful investment bankers and CEOs, maybe they do deserve more pays and respects than you do.
If you are not satisfy with your job, maybe you can try to be the next presidential candidate of a left-wing liberal party. Good luck with that endeavor!
It's a noble concept you have, but not only is there a huge gap between those at the top and bottom, but especially with the slow malingering death of unions that gap is growing. And I see no sign of that reversing or even slowing. That is, short of fighting in the streets. That's the way it's been all throughout civilized history ... here we go again.
Considering the prevalence of Marxism in colleges
I got to listen to quite a few friends (at several universities) bitch about the ridiculous shit their legally-mandated "Social Justice" class taught, so I think I know what it is you're railing against. I honestly don't blame you, it disgusts me too, and I say that as a fairly left-leaning Canadian (Communist scum, I know, I know). What amazes me even more is how utterly convinced you and a good half of your fellow citizens are that academics, having seen how wonderfully communism turned out for the USSR, are now, for some reason, hellbent on turning America into another communist state.
As far as I can tell, you're painting them all with a brush best reserved for the most extremely fundamentalist remnants of the old Feminist movement mixed with I couldn't even guess which other influences. The whole "we should hold back smart people so that idiots have a chance" crap my friends had to sit through in their SJ lectures was not at all typical of Soviet thought or culture (a culture which, if you recall, built entire cities so that the smartest of the smart wouldn't be held back by every day idiocy).
...in pursuit of the secular humanist agenda that has been pushed on them by profs who claim it is the only "intelligent" way to think.
Secular humanism has its roots in the Scientific Revolution, the Industrial Revolution and the French Revolution. In practice, that is. The core ideas are much much older, many of them traceable to the ancient Greeks and Romans.
Your religion now entails of some mysterious Gov't entity that will make your problems go away through promises of safety nets, re-distribution of wealth
That's not a religion. That's someone that studied what actually happened during the French Revolution thinking that not ending up with another Paris Mob is a really keen idea. See, I'd rather have the government redistribute my wealth a little at a time in a controlled manner that I can vote on than paying no taxes up to the day when a mass of starving poor people overrun what little police my no-taxes provide and take everything (including my life). For all but the most ludicrously rich, safety nets are cheaper and safer than their equivalent in armed guards.
and a general distaste for anyone with Ambition.
Distaste for ambition? You mean like when you work your ass off to make the company a lot of extra money and your boss laughs at you as he pockets all the gains without so much as giving you a pittance of a bonus? Like how your colleagues treat you when the boss says that there's gonna be a 15% downsizing soon and nobody knows whether they've still got a job or not? The sort where your manager gets you fired when you stay late every day for a month and pull off the efficiency gain he couldn't manage in five years of running the department? Yeah, that's common to all peoples of all times, regardless of ideological, political, or intellectual affiliation.
How is this different than what your Right wing parents believe? Good job on switching brands of Koolaid there, you must be so proud to be enlightened now.
One involves a Great Sky Fairy returning to solve everything for the low low price of sitting on your ass and having faith. The other involves people working their asses off to achieve the best society that mere humans can construct. Historically speaking, people working their asses off has, despite all of the spectacular failures, yielded better results than ass-sitting faith ever did.
daddy-money
Drink!
The outcome of a quality college education is not reflected simply by whether or not you are able to get a high-paying job. Rather, college is about developing your ability to think critically about the world around you, to help you understand complex political issues when voting, to develop your sense of self-awareness and your appreciation for the arts, and other cultures...in general to enhance the quality of your life.
Is there value in obtaining a degree to the individual and society even if it doesn't lead to a high paying job? Absolutely.
wait until robots take over most manual labor jobs. They've got a robot than can fold towels now. How much longer until you have a good multi-purpose robot that can do the work to replace janitors, lawn maintenance people, shelf stockers, short order cooks, etc?
Then it will really hit the fan.
Everyone can not be a doctor, lawyer, engineer, etc. A LOT of people just aren't cut out for that sort of thing. What will they do then? Enjoy your 10% unemployment while it lasts, America. Those lost jobs not only aren't coming back, many, many more will be going away in coming decades.
Necron69
The robots idea isn't far from the truth. The value of goods manufactured in the US has actually grown during the past decade (no "poor foreigners" involved) while manufacturing employment has gone way down. That is the result of increased productivity. While manufacturing may come back strong in the US, manufacturing employment won't. There are a lot of things that need to be done, but they many of them require strong educational background and 21st century skills.
Did your college education not teach you the difference between socialistic and capitalistic systems? Regulations to discourage monopolies aren't "clearly socialistic." Clearly socialistic would be the state facilitating monopolies and subsuming them under control of its citizens.
And the GP never constructed the end of civilization scenario that you tried to debunk. In the real world, your scenario breaks down when the poor quality of work (be it psychological or physical) makes the barrier of entry for new garbage firms prohibitively high while dismantling the existing ones. This often happens to particularly crucial services that are difficult--some would say impossible--to privatize, like military, police, or firefighting, and is how most economists see the amalgamation between socialism and capitalism occurring. Of course, there is always the debate over whether or not state control is synonymous with citizen control (ie, over whether this is actually fascism and capitalism, rather than socialism and capitalism), but that's more of a political science debate.
But your college education told this, already, I'm sure.
Comment removed based on user account deletion
Unless the question is, "What is NOT the answer?" then violence is not the answer. In the chaos of violent rebellions, the sociopaths always rise to the top, and we get to meet the new boss, same as the old boss. Or worse, usually an entrenched ruling class develops a sense of noblesse oblige, and an understanding that there are some lines even they can't cross. The new boss is unlikely to know those lines or care about his 'noble' obligations.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
The rhetoricians need to start treating 100 million dollar salaries as glaring signs of economic inefficiency.
It is very unlikely that each person earning 100 million in today's economy are actually producing that much more value than the next best candidate (or even, the minimally acceptable alternative candidate, if you want to go that far).
Um, really? How about someone who's running a company that makes a hundred billion dollars? If they can increase revenue a tenth of a percent more than the next guy, it's worth it for the company to pay them $100 million more, because the gain will be more than the cost. Typically, CEOs are paid less than 0.1% of the company's revenue, although that might be millions of dollars in absolute terms. Stock brokers and so on are similar. They get paid millions because if they do a good job, they're making their customers billions. (Whether they still get paid if they mess up is a separate question.)
Another reason for someone to be highly-paid is because they provide a small service to an enormous number of people. Pro sports players can get paid millions of dollars. Why? Because millions of people are willing to pay to watch sports games. If one player will attract just a small percentage more viewers than another would (for instance, by being a better player), it makes sense to pay that person a million dollars or more.
Objections to enormous salaries are usually grounded in some wishy-washy analysis that's crippled by the human mind's inability to intuitively grasp huge numbers. The fact is, some jobs are really worth thousands of times as much as others, in economic terms. If you're going to point to injustice, point to the people who make millions of dollars from inheritance, not people who are paid for services that are really worth millions to someone.
MediaWiki developer, Total War Center sysadmin
Comment removed based on user account deletion
I think this news illustrate where we are heading: (In Portuguese) http://g1.globo.com/Noticias/Concursos_Empregos/0,,MUL1349960-9654,00-CONCURSO+PARA+GARI+NO+RIO+REGISTRA+INSCRICOES+DE+CANDIDATOS+COM+DOUTORADO.html A selection for 1900 positions as a street cleaner in Rio de Janeiro got 109000 incriptions. 45 of them with people with a DOCTORATE DEGREE
Appealing to emotion by invoking slavery, which no one is defending or advocating. The very words you used when referring to the worth of a marketer and sewage worker were "hundreds or thousands" which indicate that you are referring to something quantifiable, assumed to be dollars of remuneration.
Defining terms in discussion is optional, but recommended for you, and preferable to setting rhetorical traps.
You can see the end result of this trend, right? Robots and AI will be able to do anything. Therefore, capital will not need labor anymore. And heck, the owning class will have plenty of robots with which to hunt the rest of us down and kill us once they no longer need us. Except, they will always need us, because they need someone to be better than. So they will keep us around in abject misery, just to have someone to lord it over. Ah, the future. Good times, good times.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
+1 internets to you, good sir.
very lucid and insightful.
By the way, yes the AP wrote the article found by the Slashdot geek. But AP usually obtain their material elsewhere. A quick search turned up the likely source: The Case Against College Education which was written by Ramesh Ponnuru of the National Review. The notion was promoted in the blogosphere (echo chamber?) by Stephen Spruiell in this post at the National Review blog
Neither of those guys seem to have even an undergraduate degree in economics, but in their defense, neither appear to have claimed that "a growing number of economists" support this idea -- unless one of them wrote the AP piece. In any case, I wasn't able to turn up any economist who said anything like this, nor any other article on the topic at all. It seems to have been invented from whole cloth at the National Review, and propagated without questioning. Their motivation appears to be to invent a quasi intellectual cudgel to use against certain initiatives of the Obama administration in the area of higher education funding.
Certainly it's possible that somewhere in the vast literature of economics somebody somewhere might have explored this notion, but there doesn't seem to be any apparent evidence for this "growing number" of economists who support this idea.
That aside, some of the arguments offered in the TIME piece are worthy of pondering, but they ignore many of the societal benefits of higher education, or assume those have no value.
In any case, concerning your cowardly anonymous chicken shit rock throwing, like Jon Stewart said famously, fuck off.
If you mod me down, I shall become more powerful than you could possibly imagine.
As a fairly staunch free market supporter, you've made an interesting point in the "one dollar one vote" giving the wealthy undue influence in determining value. I'll have to mull that one over for a while. My capitalist brain needs some time to consume it. :)
Why do we emphasize the importance of some jobs, like advertising executive or investment banker, that add nothing of real value to humanity
Investment bankers add nothing of real value to humanity? Really? They seem essential for the stock market to function. Do you think the stock market adds nothing of real value to humanity? It's a great way for businesses to get capital without having to get so much support from the rich, I'd think.
[Why do we denigrate] those who pick up our trash?
We denigrate those who pick up our trash because it's an unskilled job. Most people will only become a garbage worker if they're incapable of getting a better job, so people naturally assume that garbage workers are not particularly smart or capable. This reduces most people's opinion of them. (This is a sociological observation here, not a statement of what I believe.)
Maybe we should instead strive for a more egalitarian society where everyone's contribution is respected. I respect a dishwasher who works hard and does a good job more than I respect a CEO who golfs all the time and takes credit for his underlings hard work.
You're basically restating Marx's maxim of "From each according to his ability, to each according to his need." It's a nice attitude in principle, but experience shows that if you reward people based on your perception of what's valuable instead of what jobs actually need to be done (as determined by employers who don't want to go out of business), you get massive inefficiency. Washing dishes is easy – anyone can do it. The people who can do things other than washing dishes need to be encouraged to do those other things, such as by higher pay, or else everyone will just take an easy job like dishwashing.
(Granted, being CEO isn't the hardest job in the world, and some people would want to be CEO even if it didn't pay well. I'm not disputing that CEOs might get paid too much, but your logic doesn't work in general.)
MediaWiki developer, Total War Center sysadmin
You're being unfair to the majority of small business owners (roughly half of America works for a small business) who make a modest income and pay their employees fairly. The mega-rich are a symptom of globalization and mega-corporations. Corporations who in many cases were given their vast through government influence of some kind (be it monopoly status, government contracts, etc.), so they're hardly a product of the free market.
This is that same absurd notion that the laws of business must reach out into unrelated issues. America will prosper and survive according to the level of education of our population. New breakthroughs, winning products, science to defend and keep us alive, as well as arts to bind us together and keep us as a coherent culture all depend upon very high levels of education. Not only that, but in the end our economy will also depend upon our people being able to establish better businesses than the rest of the world has.
Please keep the right wing loonies who constantly try to eliminate quality education in the sewers where they belong.
``Many, many people have the talent for running a business successfully''
Perhaps, but ...
``but no capital and therefore, no chance to prove it.''
I don't think that is necessarily a problem. How much capital do you really need to start a business? It doesn't have to be a lot. It also doesn't have to be yours.
I would say the main reason that people don't start businesses is that they simply don't want to.
Please correct me if I got my facts wrong.
I would be more than happy to pick up trash, it's not demeaning doing what needs to be done. I just wouldn't like being forced into it, and then scorned for having to do it. Heck, if everyone spent two hours a day doing the shitty jobs rather than forcing them onto the unfortunate, we'd get the shitty jobs done with plenty of time left over to do what we like.
When you try to score points in an argument based on guesses and assumptions, you will usually lose.
It's not demeaning to do what's done. Who said it is? Who's forcing you? Who's scorning you? That pesky strawman again.
This is not about verbal skills and arguments. You're really happy to pick up trash, you believe it should be done, then no one is forcing you. Great: go do it and keep me posted on your progress. I'm completely serious. I'll "score you some points" depending on how far you go supporting your bold rhetoric with real actions.
Hey, I'm a far left liberal born and raised, and I've had to admit that the free market actually works quite well in certain circumstances, because the evidence I've seen supports that conclusion. I think that some hybrid of socialism and the free market will end up being the best option.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Don't know about you, but in my city individuals cannot opt-out of one garbage pickup company and start buying another; such is a decision made at City Hall about which service company gets the city contract and for how long and at what price.
Does the rules of supply and demand still apply?
It is not an appeal to emotion, it is a valid point regarding societal valuation. The dominant culture gets to set the worth of things, despite what the rest of us may value. So I ask you again, assuming you are the same AC, whose society do you refer to when you say society sets worth?
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
So we will have to hope that the noble ruling class in the United States will continue to provide part time minimum wage jobs at WalMart for the unwashed masses. Of one thing I am certain, if things keep sliding in the direction they are and a lack of opportunities for educated individuals is only one example, reason will fly out the window. By nobility, you must be referring to the Bush family?
Rich people have rich friends and family to lend them money. Poor people don't. When you say, "It doesn't have to be yours" you reveal your own cultural assumptions, which are very different from those of say, a working poor family. You just assume that capital is easy to come by, because for you, it probably is. For most people, not so much.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
I don't have any daddy-money. But I found someone who did, and who also happened to learn quite a bit of business acumen from said daddy. He funded our operation, handles the business side, and I handle engineering. It worked out very well in the end. Of course the real world isn't always fair, but there's always ways to adapt and come out on top. Step 1 is to stop complaining about it.
I've worked for enough dysfunctional small family businesses to know that I'm not making shit up out of whole cloth. But you have a point, many small business owners are decent, hard working, and good leaders. I don't begrudge those people their success at all.
Case in point, my friends the coffee roasters. Cutest little old couple you could imagine. Literally mom and pop. Worked corporate jobs they hated, risked everything on a business they loved, worked their asses off and provided a better product than anyone else in town. They broke even in a year and a half, and started pulling a decent profit in two. Expanded their line to herbs and accessories. And it was word of mouth that did it, most people who went in their had just never tasted that good of a cup of coffee.
So they are doing well, and not only do I not begrudge them their success, I fully support them. This is what the American dream is supposed to be about. I get disheartened thinking about all the hard working people I know who haven't made it, but there are always counter examples like this.
So cheers to all the bosses and small business owners out there doing it right.
But if you think the imbalance comes from government interference, well, you've not thought it through. The money the corporations pour into government would go to other extra-market channels if government did not exist. Money is power, with or without government. At least with government, we have checks and balances, and we have one vote per person, not one vote per dollar. Without government, corporations would be even more powerful and less accountable.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
In Civilization this is no problem! Build a Factory or an Iron Mine! Problem solved!
Society should be an egalitarian meritocracy where EVERYONE has the same opportunity, and government protects the weak/poor from the strong/rich
...I do not think it means what you think it means.
The article is talking about an overabundance of college graduates, "dearth" is the opposite of that.
FWIW, if an immigrant can come here, work hard, and be successful, great. I got no problems with that. The problem is when we have a welfare state government handing out benefits to immigrants who come here and aren't contributors. If everyone who came to the US and everyone who was born in the US had to stand on their own two feet, instead of relying on government redistribution of wealth, the immigrant issue would be a non-issue.
... a trade school education is going to plant you square in the middle of the job market occupied by Chinese prison labor and immigrants.
Have gnu, will travel.
Sir,
You make an interesting point. My counterpoint is this: the effect you speak of leads to a winner-take-all society. For example, the sports players that are in the top 1% of their field collect 99% of the money to be made. Minor league baseball players make diddly squat compared to the major league players.
This is due to the effect of mass media and a global society. Everyone watches the major leagues, because the media carries them, while the minor leagues are ignored. And the money follows the media attention.
So there are a VERY FEW "winners" and a lot of losers who barely scratch by.
This holds true for ALL entertainment. Many talented musicians make nothing. The top 1% of their field makes a killing.
With large companies, this is happening too. Executives are cleaning up in companies, everyone else is getting diddly.
This is leading, almost inevitably, to an insane stratification. Someone who outperforms YOU by 5% or even 1% gets paid 1000x what you do. The elite collect ALL the wealth. Everyone else just scratches by. Whole professions are dominated by a few superstars who collect all the money to be made, while the rest (who are almost as good, or BETTER but unknown or unlucky) languish in obscurity.
Yes, this is a result of supply and demand, and a result of mass media and popular culture, and is an "economic" truth. THAT DOES NOT MAKE IT RIGHT OR DESIRABLE. It offends me that some idiot THUG who CAN THROW A BALL 1% better than OTHER BALL THROWERS makes hundreds of millions while the doctor who saves my life by spotting and removing a melanoma makes $200k/year working 80 hour weeks and has to spend 40 of those hours filling out BS health insurance forms. (And incidentally, by catching this melanoma early, this doctor also saves my health insurer $1M in cancer treatment bills!)
This is pure social inequity and I have NO problem fixing this brokenness in the market via VERY progressive taxation at the high end. The capitalist free market is NOT holy, it is NOT moral, and it should serve HUMANS not the other way around!
--PeterM
Ok, guys, let me explain:
University and other forms of tertiary education are no longer the repositories of the best knowledge humanity has. Or more precisely, not to the degree they used to be just a decade or two ago and definitely not the only repositories that matter. Well into latter parts of the previous century, let's say 80s, universities really were the only place to learn the coolest stuff. Now there's a lot of knowledge in companies, business networks and on the Internet.
There always has been a cost associated with going to a university. It costs money and you lose four or more years from your professional life. However, it used to be a good investment because an university education gave you a know-how advantage, the student life gave you a network of allies and, very importantly, a degree allowed you an access to additional opportunities. Today you can get most of those benefits from other places too.
So it's not that people spend too much time learning stuff, but that the university that has lost competitiveness, as a place of learning, and it doesn't any more make (as much) sense to spend four years there.
Even the bastion of university competitiveness, the degree, has taken a real beating. A bachelor is almost worthless. Entry-limited fields where you need to have a degree to be allowed to play, like medicine or law, have been losing weight in the economy. (Largely because new ones don't get born easily.)
Btw, I'm not predicting the death of universities, and not just because I work in one, but I will say that our grand-kids universities will have fairly little in common with the universities we want to.
Computers are useless. They can only give you answers - Pablo Picasso
In theory, the stock market is great. In practice, not so much. Were you in a coma the last three years?
There are only so many better jobs out there, there are many, many more people qualified to do them than there are positions available. And so, if everyone got the best education available, someone who is overqualified would still have to take out the trash. That's my point. The shitty jobs still need to get done, even if everyone goes to college to become a lawyer or a CEO.
Now, I never said that everyone should be paid the same. I'm perfectly happy with people smarter and harder working than me making more money than me. But I'm a little weird. I don't really want power over others. And beyond what we need to take care of our basic necessities and maybe a little for fun, that is all that money is: power to make other people do things you don't want to do.
The more money you have, the more power you have. And the more power you have, the more say you get in what is valuable and what is not. So, you get to say, "I'm valuable, and he's not" if you have money, but not if you are poor. It's a self amplifying cycle, a positive feedback loop. There are no checks and balances. We see this in the phrase, "The rich get richer and the poor get poorer," which has been true for decades. See this graph: http://en.wikipedia.org/wiki/File:US_Income_Inequality_1967-2003_relative_to_median_(log_scale).svg from this article: http://en.wikipedia.org/wiki/Income_inequality_in_the_United_States
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
What we are seeing is a long term trend that will continue to worsen. The very goal of technology is to eliminate labor. And that is not just muscle labor it is noodle labor as well. As technology succeeds more and more people will experience less and less real income. Our government will also feel the pinch as they can collect less and less taxes from people making less and less money.
There is a very easy solution but the mind set that prevails can't hear it. We need to cut every single person a real pay check that is sufficient to lead a good life. Watch the people shop and spend and cause businesses to prosper.Those that want to work would simply get a lower pay check from the government according to how much they earn from their job. People who want to go to a job will do a better job than those forced to work or go hungry. The reality is that a whip and chains slave and a slave to wages are not very different at all.
That is one of the most ridiculous arguments I've heard in a while, and I think you know it. Right. Like I'm going to go pick up everyone's trash for free. What would be the point of that? Why would you even suggest it? Your initial argument fell flat, and so your counter argument is, "Yeah, well, then go be a garbageman if you think it's so great." It's an argument a two year old would use.
Here's the thing: most people are naturally more motivated by notions of fairness and reciprocity than self interest. They will go out of their way, harming themselves, to enforce fairness if they can. But if everyone around them is acting unfairly and selfishly, they will too, out of self defense. Our society lets the rich and powerful take advantage of the poor. The poor, in self defense, act selfishly as well. The answer is not to blame the poor, it is to give the poor real power to punish unfairness. Only when everyone has access to justice and the ability to punish unfairness can society to truly fair and equitable. Which is what we all want, right?
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Actually, it's quite simple. We will just have to convince the ruling class that it is in their own best interest to be equals rather than superiors. Luckily, it actually is in their best interests. Sure, it is great to be top dog, but you can never be real with anyone. You never have real friends, you have temporary allies who will stab you in the back, and vice versa, if the opportunity arises. You can never show weakness, or doubt.
Of course, this only applies to the non-sociopathic rich. I'd say kill all the sociopaths but even that would have negative consequences. My theory is that getting a few 'sociopathic' genes makes you a good leader or a survivor type. Getting all of them makes you an inhuman monster, but if we kill off all the monsters, will we still have great leaders?
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
What harm does complaining do, except to make certain people uncomfortable? Here's the thing, you are part of the dominant culture. You have never had to question your assumptions, that's one of the privileges of being part of it. Minorities who try to believe "there is always a way to adapt and come out on top" run smack into the cold hard wall of reality, which says, no, sorry, there is not always a way for you.
Your assumptions only hold true for you and your culture. Or do you really think every poor black man from the inner city has a rich friend to lend them money?
And it's always the members of the dominant culture who say, "All you have to do is SHUT THE HELL UP AND STOP BITCHING!" Not because this actually works, but because they don't like to have their assumptions questioned. They like to believe that they are superior, that the reason they succeeded where other failed is because they are better. They hate to be reminded that it was luck of birth and culture, not hard work, that got them where they are.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
The notion that a four-year degree is essential for real success is being challenged by a growing number of economists, policy analysts, and academics. They say more Americans should consider other options, such as technical training or two-year schools, which have been embraced in Europe for decades.
Yes, yes, yes and yes.
There is too much emphasis on 4-year college degrees to the detriment of post-HS vocational education (or a HS education that actually lead to *gasp!* education and preparation to enter the work force in some specialized capacity.
Something along the lines of the German Hauptschule and Gymnasium is what we need. Certainly not the exact same thing, but we need something that institutionalizes meaningful vocational training in a manner that makes sense to our society and economy:
http://en.wikipedia.org/wiki/Education_in_Germany
http://en.wikipedia.org/wiki/Hauptschule
A similar mechanism has existed for more than a century for preparing HS graduates as elementary school teachers in many parts of the world... and dare I say that has been extremely successful:
http://en.wikipedia.org/wiki/Normal_school
I can imagine at this point a few of the ZOMG-THINK-OF-TEH-CHILDREN crowd arguing that teenagers aren't capable of making a serious educational decision when they are in their teens. Bullshit. The rest of the world does it well, so what can't we? Are we that stupid?
The other thing to keep in mind is that in most parts of the world, industrialized or not, people have to pass qualifier exams to apply to a limited # of opportunities for a given degree. You just don't sign up for Law or Physics. Only the top-N candidates get accepted... and that's for most degrees, even for Fine Arts.
Countries understand that, it is stupid for us not to. Besides, in countries with vocational high schools, kids prepare themselves with vocations with multiple applications - mechanics, plumbing, electricity, HVAC, book keeping and secretarial training.
And contrary with some tards who argue otherwise, a kid graduating with a vocational degree can later prepare and apply for entrance to a 4-year university program. If he qualifies, he goes in.
You get to apply for a 4-year degree based on merit, and you get the opportunity to learn a vocation that can help you get somewhere (possibly even your own technical service business as you become a master technician.)
But here in the US, what do we get? A HS system that churns kids who can't add fractions, with an education that qualifies them as hamburger flipper engineers, in a society where there is no merit or glory unless you have a college degree.
And what's worst (and saddest) is that if any of these kids wants to train in a vocation, they have to go to a 2-year college (which are usually looked down even if they are excellent), or worse, fork thousands of dollars in private vocational schools... for vocational training they should have gotten when they were in the public education system to begin with.
Wait a minute, we have too many college graduates while at the same time, we need to increase the number of H1B's because there isn't enough qualified people?
You right about the problem about lack of capital hampering some people from being able to become a business success. But get over it. Life isn't fair and everyone needs to made do with what they have and can acquire. However the ability to raise funds is an important aspect of any business. If a person does not have that ability or does not have the ability to partner or hire someone who does then they really lack an important business skill.
As for the failure rate for new business... There is no way that every, most, or even a significant percentage of new businesses can or should be able to succeed in any free or relatively free market. The reason should be clear enough. At any given time the economic environment already is pretty much filled to capacity with every product or service that the economy needs. And while from time to time a new technology or service may arise to change matters that is quite rare. Most of the time a new business will go head to head against an older established business providing the same product or service. Obviously the older well established company will have the greater chance of survival as they are already quire familiar with the territory. Besides which if a significant portion of new businesses always succeeded then a significant portion of older businesses would in turn have to go bankrupt. There is only so much product or service that an economy can absorb at any one time.
The only way that cooperative you mentioned can have a 90% success rate is if they either heavily subsidize any new business to the detriment of others or if they were so selective and picky that only a minuscule number of request got approved.
Exactly -- Everyone who isn't born super-rich should spend their lives cutting trees and flipping burgers, underpaid and clueless enough to be blissfully unaware they are underpaid. None of the lower class should have the privilege of knowing what caused past economic or societal collapses because the elite class will be guided by the great economists of today. We should get rid of grade schools too, so children go straight into the work field with only the bare minimum skill set they need for their field; can't waste our bailout/war money on those now, can we?
I don't think there should be a law or anything (and they are paying plenty of taxes with today's rates). I just think the analysis that says "they're worth it" is poppycock. Look at the Detroit automakers. Sure, they were in dire straights 20 years ago, but the only CEO of any of those companies in the last 20 years that has been worth a damn has been Alan Mulally. That's a pretty bad success rate.
So the story is that they are really valuable, and they are adding value to companies, but the reality really doesn't seem to live up to the story.
If you want another angle, compare company founders that stay on as CEO to people that are brought in as business managers (An easy comparison would be Bill Gates to Carly Fiorina, but that's me cheating, Gates took advantage of a near singular opportunity, and Fiorina is probably one of the worst CEO choices in history (well, according to the market anyway, the market cap of HP went up by over $1 billion the day she resigned)).
Nerd rage is the funniest rage.
Average pay range for a garbage collector: 26,000-50,000 per year.
Average pay range for a chemist: 39,000-55,000 per year.
There is a big difference in entry pay, but at the top end they make about the same.
Who's being disrespected here, the garbage collector or the chemist? In the four years that chemist got his degree, the garbage collector was working up close to his pay level, so who comes out ahead?
College can improve your prospects, especially in high-demand fields like engineering and the like. But it is not a given that it will improve your prospects, and you are going to come out of it with a lot of debt if your parents can't afford to pay your way.
Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
Hey, you have a point. I'm definitely lucky. You're probably lucky too relative to most sentient beings. Feelings of being superior are a natural defense mechanism to the fear that we all have. The question is, what are you going to do about it? You can play the cards you're dealt. You can help others. You can work on understanding your life. Or, you can blame others or blame society. Which do you think leads to happiness?
Sarcasm?
(I really can't tell)
Nerd rage is the funniest rage.
It is very unlikely that each person earning 100 million in today's economy are actually producing that much more value than the next best candidate (or even, the minimally acceptable alternative candidate, if you want to go that far).
You realize the next best candidate is already pulling down close to 100 million, right? And the guy next down the line? Just a little bit less. The reason that guy makes 100 million dollars a year and you don't is because he has skills that you will never possess, and they just happen to be a hell of a lot more important than you think they are.
The fact is, there are very, very few people with the skills and experience necessary to run a multi-billion dollar company. If that were not the case they wouldn't have to pay these guys so much.
Why the hell do you think a structural engineer can demand $100k a year while a chemist tops out at $55,000? It isn't because engineers are twice as smart as chemists, far from it. It's because there is a greater disparity between the number of people with the skills and training to be a structural engineer and the number of structural engineers needed than there is for chemists and the number of chemists needed. In other words, it's easier to find a chemist, so you don't have to pay them as much.
Top executives pull down millions of dollars because their skills are in very high demand, but there are very few people (relative to the demand) who can do the work. Even the people you think suck are a hell of a lot better at it than you ever would be. Frankly, that you think 100 million dollars is too much for someone to make doesn't matter in the slightest. You don't get a vote, the people who need the executive get to vote. Your opinion on the matter is meaningless.
Security is mostly a superstition... Avoiding danger is no safer in the long run than outright exposure. - Helen Keller
Meanwhile, here in Realityland, trash companies do what they've always done, which is hire illegal immigrant labour and pay them illegally low amounts, with no benefits. And because nobody else is willing to do the work but do want their trash to continue magically disappearing every week, they turn a blind eye to the practice.
PROBLEM SOLVED!!!!111
Your first two paragraphs are every bit the simple assertion that my post is.
You claim that, in fact, the market has worked, and the people getting paid enormous salaries are worth it. I claim this is not true.
We don't really have any decent facts (or rather, I don't, and you haven't presented any, perhaps you have them), and we can't really run an experiment. So there we are. Conveniently, I have stated my post in terms of the wishy-washy thoughts that it is based on. Unfortunately, you have stated your post in terms of absolutes.
Thanks though, for informing me about how it is, and about how I am, at the end there.
Nerd rage is the funniest rage.
You've just answered an analytical argument (college is worthless, $$$ prove it) with an esoteric one (fluffy bunnies and happy rainbows and such) as if such an argument could not also be made for staying out of college. Have you considered that there are life enriching aspects to not going to college? Any time can be life enriching, it doesn't have to be school. In that regard, particularly, school is not a good option because of how much time it takes up for mundane tasks (busywork and such, paying off debt afterward).
I just can't agree with that. Once a company has reached a status of market dominance, the only way it can stay on top is either
a) through truly being the best at what it does such that no competitor can provide a better or cheaper product to it's customers which means that the market is providing what the people want
or
b) through government interference in the form of patents, copyrights, support of abusive lawsuits, regulation to prevent entry to market, etc, etc.
I am still assuming of course that rule of law still applies, and that government would prosecute actual crimes such as murdering their competitors. I am only referring to direct interference with the market.
I'd like to think there were enough people who lacked ambition (enough Hank Hills), that these jobs can and will be filled, and that my trash will continue to be picked up.
"Maybe we should instead strive for a more egalitarian society where everyone's contribution is respected."
My opinion is that people can think what they want, and it is not up to the government to tell us to be comrades. I don't think about the dishwasher. If someone were to ask me about the job a dishwasher does, I'd ask them if that was a trick question.
"We overvalue positions of leadership and expertise, while lying that everyone could do those jobs. And tons of unqualified people rush to fill those jobs, because they were told they could, and that those jobs were more important than hauling garbage"
It's not up to you to say who can, and cannot, do something. How would you feel if your advisor told you, "No, you can't do this very well - I can tell by just looking at you. You shouldn't go to college either. You should work in the coal mines instead."
That's not the government's job - that's the job of the hiring manager. They are responsible for filtering unqualified people out. If a person wants to waste their lives trying to do stuff they aren't good at, fine, let them be.
I think it is important that we should pursue what want. We live not to serve the state, but our own interests. It's not up to the government to decide what we should do with our lives.
Although this isn't a career: I want to strap a pulsejet to a bicycle. Not everyone wants to do that. Not everyone should do that. But this is a free country. (And that's just for a hobby. For a living I want to animate- I am teaching myself because the schools that teach animation are prohibitively expensive. My success in this field are completely dependent on my ambition and willingness to work harder than everybody else. -- In the meantime I attend a local college for a degree in Graphic Design.)
They say freedom isn't free. You pay in other ways. If that means my degree isn't worth much, so be it. At least I'll have one. I'll let my brains (provided its not splattered on asphalt) push me the rest of the way through in life - as it should be.
There are 300 million people in the country. They don't need protection from disappointment. If they can't do something, they will find out - and they will look for other work. That's perfectly fine.
Stay at a Holiday Inn last night?
"The average student debt load in 2008 was $23,200 -- a nearly $5,000 increase over five years."
This is fueled mainly by the boom in higher priced private colleges (University of Phoenix, etc.) and their shifty recruitment practices. Exactly in the same way that mortgages were being given to unqualified homeowners, there has been a huge rise in the numbers of students enrolling at colleges who will let anybody in the door. Recruiters are paid per enrollment in many cases. Frontline covered it recently:
http://www.pbs.org/wgbh/pages/frontline/collegeinc/ (you can watch the show online here)
One of the standout statistics was the 10 percent of public university students are in default, while private colleges have a 44 percent default rate.
EXACTLY!
Hard work and contributions should be admired rather than position. BUT these CEOs must network, their golf games are not leisure. Rather, it takes a lot of PR for their position, so they have to think before they talk.
Has anyone ever stopped to consider that all of these labor-saving devices we've invented over the past several centuries are really working? Maybe their simply isn't enough work to go around any more.
Someone tell South Korea.
Degree acquisition among young people in South Korea is at ridiculous levels I've heard some people quote over 90% and that's supported by being here. Just about everyone goes to and graduates with a degree here, yet their's was one of the economies to rebound the fastest.
"but at the end of the day I kind of like to eat, have clothes on my back, and a roof over my head"
And...unfortunately, this is why society won't adapt, because in America today, you don't have to work to have these things. When you can have more (or as much, or minimally marginally less than) by not working than you could by working some low paying job, well, so much for that unmitigated capitalism thing you portrayed as this great self-righting mechanism.
"Pride will eventually give way to necessity" - never been in an American inner-city for any substantial amount of time now, have you? As some point, even pride goes out of the window.
Or they automate. The US has more manufacturing than it ever has, and fewer jobs in manufacturing. Maybe you shoulda become a robot repairman. But most "robots" are just mechanical engineering. Visit a bakery and see how many machines there are, and how few bakers. Seriously, what this country needs is full unemployment: a 4 hour workweek. Job titles give people a sense of self-worth, but let's face it--nobody really likes to work at anything. We can be "all watched over by machines of loving grace." (Richard Brautigan)
but real world is about real men
not opportunity
What's sad is that what you consider to be sarcasm, someone else (possibly in a position of great authority and influence) actually considers to be logical argument. Our values have been skewed radically in this country. It is quite disillusioning.
As for the supposed outrageous subsidization of our public universities, I can only speak anecdotally. I'm in my senior year at the University of South Carolina, and I am honestly beginning to fear that I may not graduate on time, simply because certain required classes are now being cut due to lack of funding. Adjunct professors have all but disappeared in the last couple of semesters, and student organizations across the board are experiencing drastic budget cuts. Some haven't survived. Tuition here has been raised at a higher percentage than ever before, though the most recent hike was thankfully rather modest in comparison to previous ones. These economists can talk out of their asses all they want about how we're spending too many tax dollars on public higher education institutions, but what I'm seeing here on the ground, at least in the state I currently reside in, leads me to conclude the complete opposite.
If these people have something against federal educational grants (of which I am one of many thankful recipients), then they should make a specific argument against them, but they shouldn't lump our largely state-funded institutions in with that argument.
"We may face a scorched and lifeless earth, but they're accountable to their shareholders first."
You guys are both forgetting that as time progresses...
(1) Technology is, and always will be, replacing human labor.
(2) In the United States, outsourcing is getting rid of "lower educated" jobs.
"Recursive bipartite matching"- try it!
Except in America every child is special and deserves to go to college
No, they aren't, and they don't. The vast majority of people are average and ordinary. And that's just fine. That's reality. Most work is done by ordinary people, not Einsteins and Mozarts. One of the things I despise about modern education is the way we lie to children and parents... every child has untapped genius!, when the truth is, no, most of us don't.
Now, anyone can improve themselves. Anyone can work harder and learn more and better themselves. But that's not the same as being special, and it's not a justification for sending everyone to college.
Life is hard, and the world is cruel
Thanks, spun, well-said.
No I didn't read the article, but my impressions from the summary is just socialist thinking. To reference Europe as a model for America is silly. The problem is not too many graduates, it is too much socialism being perpetuated upon American society. If those in govt. stood back and stopped interfering in free market capitalism then the market would take care of the issue. It might not fix things overnight, but it would ALWAYS fix such things in the long run.
>>Minorities who try to believe "there is always a way to adapt and come out on top" run smack into the cold hard wall of reality, which says, no, sorry, there is not always a way for you.
Like my girlfriend that got a free college education because she was a minority?
It only came with a mandatory summer education that taught her that white people were the devil, and that the cold hard wall of reality is keeping her from success.
While you're right that the dominant culture is so pervasive we'll probably never have a black president in our lifetimes, the simple fact of reality is that we WANT minorities to succeed. It's not the 1830s any more.
To get a good view of society, one must separate himself from it. Your grammar/wording Nazi-ness doesn't invalidate any of spun's points.
And are you a garbage man Stan? Or just the Morality Police?
Really? "Supply and demand" is all your college education can muster up? I always thought that economics was 99% common sense, but you kinda just proved it to me.
Pie Iesu frugalitas, dona eis requiem
*smacks forehead with paddle and puts $5,000 on my credit card in homage to our Lord, the Economy*
College education should ideally create employers and not employees.
I'd like to buy homeland for our 10 million people. http://twitter.com/mahadiga
Oh, that's the problem with the internet. I meant it as a compliment, both to you and the GP.
Your ad here. Ask me how!
Well, a strong safety net isn't really socialism. That deals with ownership of the means of production. Also, you kinda have to put everything in perspective. Not all ideas that derive from socialist thought are inheritly wrong. I dare say every political philosophies has been right about some things and wrong about others. Not that, on whole or because of the extremeness of some parts, they are all good or equal. But to dismiss a whole philosophy is pretty wrong-headed.
Pure communism: Failed. Pure capitalism: Failed first.
A mix works. As soon as you admit that, we can debate where to draw the line. But "line moving closer to an evil philosophy" simply doesn't work as an argument.
That doesn't suck. Them not being able to eat, afford shelter or medical care, those really suck. Not being able to find a job is bad, but if that means cutting down on luxuries instead of not surviving, I think we can deal.
And telling those fortunate among us able to generate that much wealth through improving society that they have to help everyone else out.
Your ad here. Ask me how!
>> the market cap of HP went up by over $1 billion the day she resigned.
Citation?
I mean, I believe you. But I'd love to throw that one in a few Republican faces.
You want the truthiness? You can't handle the truthiness!
But when the shoe is on the other foot, and that foot is the foot of a sweatshop worker who gets paid a dollar a day for creating thousands of dollars of value for some corporate clothing outlet, suddenly the question isn't, "How does her salary stack up to all the value she's creating," but "What's the minimum amount we can get away with paying her?"
I don't care if Tiger Woods has a unique, singular talent that sells hundreds of billions worth of golf swag every year. He's a grown man who gets paid to fly around to exotic locales and knock a tiny ball around. I doubt many athletes would complain about making a hundred grand a year, if that were the going rate.
As for CEOs, it's nearly impossible to tell how well they're leading their respective companies, and literally impossible to guess how they'd be doing with someone else at the helm. There is, however, ample evidence that CEOs and boards of directors collude to get each other cushy, can't fail contracts. If they were so sure they were creating real value, they'd happily agree to contracts where their compensation was tied to the long-term performance of the company.
You want the truthiness? You can't handle the truthiness!
I had no idea the Geico Gecko was such a douchebag. I'm switching to State Farm or something.
Thank you for an outstanding contribution to this thread.
You want the truthiness? You can't handle the truthiness!
Look at actual organized crime syndicates. They're not based on either official government support or the production of a superior product. And yet it can take decades to build a case against them.
Also, it's not obvious why the section of government in charge of enforcing "the rule of law" would be less corruptible than the sections of government that oversee the interference you describe in b).
Hell, corporations already commit all manner of crimes to get or keep market share. Far more often than they get caught or prosecuted for it.
You want the truthiness? You can't handle the truthiness!
Or they could C) manipulate the money supply to ensure that we always have at least 5% of able-bodied Americans out of work, so that no matter how crappy the wages you're offering are, there is always somebody desperate enough to take you up on it.
Follow that up with D), lobbying congress to make sure that the minimum wage laws stay low. Add in E) threatening to take your entire trash-generating factory overseas if your trash haulers try to unionize.
Your point misses the broader point: the garbage would need to be picked up even if we had an ironclad trash collector's union that demanded $100K/year and six weeks vacation. Ooh, and full dental. It would also get picked up if we trashed the laws against child labor and made you compete with your own nine year old for the job. The question isn't whether capitalism "works" in the sense of matching supply to demand. If supply meets demand at a price that is so low that the people doing the work are too poor to present themselves creditably to the rest of society, then capitalism is failing in its broader social obligations.
You want the truthiness? You can't handle the truthiness!
There is more to the story than mere intellect.
There is also that nebulous concept we call character.
While it is true that a person with a 90 IQ will never become a neurosurgeon, it is also true that there are many people with IQ's 50 points higher than that who never will either.
There are lots of talented losers in this world; people whose intellectual gifts are completely wasted upon them. We've all met these types. The genius high school dropout who works at Starbucks. Or the bright girl who gets married and sits at home all day. Intelligence is only worth something if you use it.
On the flip-side there are those with modest intellectual gifts who achieve a great deal in life. I know a man who is the victim of a drive-by shooting that left him with a bullet in his head. He cannot read. He is easily confused. He works moving furniture for a living. Yet he owns his own home. He has a nice truck that he enjoys driving. His mother helps take care of those things that he cannot do for himself, and in return she has a place to live. Given his circumstances, he has achieved more than what could reasonably be expected. The reason he is a success despite his profound disability is that he works very hard. He doesn't make excuses to give up, or to not try.
There are a lot of 35 year old losers with high IQ's still sponging off their parents who could learn a great deal from this man.
I used to bitch all day long about the state of public education in America. But as I've grown older I've come to realize just how irrelevant it is. It isn't created to teach anyone anything. Its purpose is to warehouse the young while their parents are at work and to provide them with some modicum of education before handing the brightest ones off to a university to actually be educated. The schools will never be "fixed" because they are operating according to plan already.
If you actually want your children to be educated before you shell out 100,000 to send them off to an elite university, then you have to either home school them or shell out 25,000 a year for a good private school, and even then there are no guarantees.
I'd also like to point out that there are not too many college graduates. There are too few jobs for which college graduates are suited. Don't confuse lack of demand with an excess of supply.
It should also be remembered that a recreational degree like Art History or English Lit is not the same as a real degree like Business or Engineering. If you're going to school and pursuing a course of study that does not lead to a better job than you would get with just a high school diploma, then you are wasting your time. If you want to study something because you are interested in it, do so AFTER you've graduated from a real degree program and have a good paying job.
Muslim community leaders warn of backlash from tomorrow morning's terrorist attack.
Like I'm going to go pick up everyone's trash for free.
It's not free, dude, they pay you for it.
What would be the point of that?
Don't ask me. You said you'll be happy to do it. If your own echo sounds like an argument a two-year old would use, then you get my point.
To get a good view of society, one must separate himself from it. Your grammar/wording Nazi-ness doesn't invalidate any of spun's points.
So low-wage workers are the society, but he and his trash isn't part of the society. Next thing, he argues it's childish to ask of him to carry out what he himself stated should be done. I see a bright career in politics for him.
Talk is cheap, you know. Watch me do it. At least I'm not quick to restructure the entire society around vague concerns for taking care of my garbage. In my opinion, a big step up from the current level of discussion.
you dont go out homeless in the streets looking for food in dumpsters if you do not find a job for a while in europe. you are guaranteed employment pay sufficient enough to keep your dignity as a human being, and keep an acceptably human living style.
furthermore, the income divide in between the rich and poor is not as high as america. it doesnt matter too much if youre a technician or someone is an engineer there. engineer just earns some more. you do not feel like you are someone who is valued lower than someone else as a human being. and the engineer doesnt come up living a high life like a cock over the masses like you.
therefore, technical positions are easy to fill. those who really want to do science or engineering go to universities. and they end up doing science, or practising engineering.
this is how europe can keep their technological edge and manufacturing industry despite they (many of those countries) have little population, and little resources.
in america you dont have this. if you end up not being able to find a job, you end up bad. therefore, youth HAVE to guarantee finding a job. hence, youth are forced to go to universities, colleges, just to have something more to put in their resume.
Read radical news here
You describe the problems of asymmetric information about the "quality" of a worker, but there are ways to overcome these difficulties. With monitoring and proper contracts you can go some way to solving the problems Akerlof describes. Part of the reason there are so many college graduates is because having a degree signals to employers that you're a peach rather than a lemon. The problem with college is it's a very long and expensive process for what is still a noisy signalling method.
The worth of a marketing drone is hundreds or thousands of times that of a sewer worker to companies. Not everybody being able to do these jobs is the precise reason those who can seek a higher wage. If you can do the job of the "privileged douchebag" for less then I'm sure his employer would be happy to speak to you. The market does not treat labour any differently from capital. If labour had a higher value than its market price then a firm would stand to gain by hiring more workers, eventually pushing price up to equilibrium (assuming we can overcome the "credit rationing" problem you describe)
You're bringing fairness into the picture by saying that people are different to capital and everybody in society has a right to a certain level of respect and a minimum standard of living. That's fine, but redistributing wealth brings with it another set of hurdles and you may end up making society worse off than when you leave it to the "invisible hand".
so far as we are supposed to do in france, first of all, college and universities are public and free.. second as we see it, the goal of schools is not to have well trained people, well prepared to work in the industry. At least till, what one may call bachelor, the goal is to have clever, knowledgeable people, whom can adapt easily to new situation job, and understand their own world.
Here is a BBC article saying that the stock finished the day up 7%:
http://news.bbc.co.uk/2/hi/business/4250315.stm
The market cap was about 60 billion in 2005. So it probably increased by 3 or 4 billion dollars. It has gone on to almost double since then.
Nerd rage is the funniest rage.
Hrmmm..great points - now you make me ponder. It would seem that there are 5 different categories:
(1) Motivated to improve -> actually improve
(2) Motivated to improve -> can't improve
(3) Want to improve -> unmotivated (want easy $$$)
(4) Unmotivated to improve -> don't improve
(5) Unmotivated to improve -> accidentally improve(e.g., nepotism, win lottery)
So, obviously the group that should be targeted is (2). The point is that there are plenty of folks out there who don't have the motivation, skill, or attitude to take advantage of the opportunities. Speaking as an American, I've seen folks come to this country with absolutely nothing and build fortunes for themselves and their kids. I've always been a firm believer that persistence and attitude can win any battles.
And you can start from the bottom - I was literally at a point where I could not afford shoes when I started.
"Before God we are all equally wise - and equally foolish"
Albert Einstein
One big speedbump in your argument --- Obama... err, entitlement programs. If you look at the plot of take home pay versus gross income, the curve is negatively sloped from about $25k to about $40k. This is due to things like earned (hah) income credit, tax credits and so on. Now, it's not that I think some things like this are a bad idea. You have to look at the effect, though. You've created a chasm over which companies can't attract employees, in effect creating a two class society of those who earn too little to want to earn more and those who earn enough that you can fleece them to support the bottom income levels.
In such an environment, there is no transition to this new mental state of "hey, I'll work for food at this wage" since you don't have to. Society can no longer adapt. It has been subverted to a different, less efficient and necessarily less stable solution curve in the state space of the system.
The left constantly aligns itself with terrorists, militants, and dictators.
First of all, I find it ironic that you use this to describe the modern descendants of the peace movement. You're also ignoring the dozens of right-wing dictatorships in the past and future. Groups who want to control a populace find it easier when they can use religion to do it, and to create a closed, conservative society.
Yet Another Tech Blog
(but so much more, including game and movie reviews)
http://yanteb.peasantoid.org
"Actually, the truth is, *really* - no one wants to pick up garbage, not even the guys that do it, but that's besides the point...)"
As someone with just a high school diploma who tried to get a bachelors, I would happily pick up garbage for something more than ten dollars an hour.
Ummm, Economics sucks at explaining the economy because it completely neglects to include human nature.
Example, car manufacturers and oil producers in the past aggressively bought out as many patents on renewable energy production and mass transit for their own personal benefit. There's a reason that rail dropped out as the primary source of interstate goods transportation. All of which was replaced by freight truck drivers.
I would honestly like to see a poll across all of the truck drivers across the US to see how many actually like their jobs (especially since the gas price hikes). If all of that value added from using more efficient forms of goods transport (such as rail) was magically spread across the economy everybody would benefit. The drivers of dump trucks would make up a much smaller niche market and therefore would earn more; the cost to run the garbage operations would probably go down with the advent of cheap renewable fuel sources. Face it, oil may be cheap to pump out of the ground, but there are a lot of resources/time/money wasted in it's processing and transport. When locally produced renewable energy resources reach critical mass, there's no reason why it shouldn't be cheaper to produce than petrol from imported crude.
That is, of course, unless the major energy producers succeeds in convincing the people that they should pay many magnitudes more than the actual cost to manufacture. Economics theory be damned.
"The key to a monopoly is to get in the middle of an intersection and charge rent." -- Newt Gingrich.
When few people have degrees, having a degree correlates to higher pay. The modern "analyze everything like a business" says "based on history, an "investment" in a degree is worth it, because of increased earnings"... Companies are willing to loan you money to "make the investment", which actually increases the amount of money chasing the degrees, raising tuition. The problem is that like all bubbles, when "everyone has a degree", the economic value starts to drop, and people default on their student loans...
This assumes the companies profitability is down to the CEO. Of course, when the company loses money it's the fault of the market. Considering that the vast majority of people never get to be a CEO (it's not like these jobs are advertised to us commoners, they're headhunted from the existing executive class), how do you know that if it wasn't for that CEO, profits would have gone up even more?
If two CEOs, one of company A that makes a million dollars a year, and another of company B that makes a billion dollars, both increase their companies profitability by the same proportion, both paid a proportion of the profits, CEO A will make a thousand times less money than B, for the same results. Running a company with twice the revenues isn't twice as difficult. If anything, it's easier because you have larger economies of scale, more influence over the market, more ability to buy governments etc.
And defence of enormous salaries is usually grounded in either worship of the mega-rich (common in the US), or refusal to believe that trickle-down economics doesn't actually work. Someone who voted for Reagan, twice, on the promise of allowing the rich to hoover up all the cash, won't admit that they're actually being screwed over by their own decision.
Businesses cost a lot of money. Premises, equipment, materials, bills, staff etc. The main cause of new businesses going bust is a lack of funding.
"They say more Americans should consider other options such as technical training or two-year schools, which have been embraced in Europe for decades."
I`m from Germany and dont understand the Comparison to the "European System". For an Apprentence ship (after the Tenths grade or after Thritteens grade (in Total schoolyears) in for 3 Years in a Company, paid + 1/2 Schooltime OR Unpaid and for Free at a school) you get a "Degree". I think its not realy comparable to.
On the other hand, you can learn a field of Knowledge but thats not allways the Point! You have to learn to learn a field of Knowledge. Mabe this isnt given in the Bachalor System, wich is more like "going to school". If you managed to learn C it will be easy to learn Prolog and if you learned that you maybe able to teach yourself the Gramma of a language .... all it takes is a (Digital) library an some Time! It isnt writing Test and reproducing every crap they told you!
The thing is, if the situation ever really got that bad, there would be an overwhelming tide of public opinion to change it. And don't say the fact that such a shift in public opinion thus far shows it will never happen. The current situation is nowhere near as bad as the one you describe. If we ever get to the point where the U-3 unemployment rate hits 25% while the rich are getting even richer, there WILL be movement to change the system.
Getting the degree wasn't the problem.
The real problem now is getting the experience. It's like you manage to clear one hurdle (college), now they want you to pole vault. (2+ years experience) The problem with that is that those who have kept raising the bar have left a lot of people with no means to get past the next step. (It also seems ironic, because the majority of people with the amount of experience they're asking for can usually find better work than that offered on the job board.)
So now I'm straddled with college debt, and still left with no means to get a job in the chosen field or vocation because of yet another arbitrary requirement made by some doorkeeper.
I think there should be a program which requires corporate sponsorship before being eligible for college loans. It should be setup in such a way that you're guaranteed a choice of entry level jobs relating to your degree that are contracted to last a minimum of 1-2 years. Provided you don't absolutely fuck-up and get fired or the company doesn't go belly up - a chunk of the experience problem will be accounted for. Not to mention that having a guaranteed job to go with that degree would help cover the college loan problem to some extent.
Right now there's usually some spiel saying something about internships. But from my experience, they only count as 6mo rather than a year. And they often don't pay, which doesn't help with the loans. The small businesses that usually do it are wanting practically free labor. (They never hire on any of the interns. They just repeat it with new kids the next year and so on.)
I guess the only other way left for some chance at experience is volunteering. It's nice and charitable to do it, but it still doesn't do a damn thing about the debt situation.
Oh, fuck you.
Yes, this is a result of supply and demand, and a result of mass media and popular culture, and is an "economic" truth. THAT DOES NOT MAKE IT RIGHT OR DESIRABLE. It offends me that some idiot THUG who CAN THROW A BALL 1% better than OTHER BALL THROWERS makes hundreds of millions while the doctor who saves my life by spotting and removing a melanoma makes $200k/year working 80 hour weeks and has to spend 40 of those hours filling out BS health insurance forms. (And incidentally, by catching this melanoma early, this doctor also saves my health insurer $1M in cancer treatment bills!)
The doctor provides an enormous amount of value to a small number of people, while the sports player provides a small amount of value to an enormous amount of people. It would be nice to think that the two types of value – entertainment and saving lives – were incommensurable, but that's not tenable. Amusing someone for a couple of hours is worth a certain finite amount of money, and saving someone's life is worth a much larger but still finite amount of money. (Because only a finite amount of money exists, and we can't spend it all on saving lives.) If you can entertain enough people, that's as important a service as saving one person's life, harsh though that may seem to our intuition.
This is pure social inequity and I have NO problem fixing this brokenness in the market via VERY progressive taxation at the high end. The capitalist free market is NOT holy, it is NOT moral, and it should serve HUMANS not the other way around!
95% marginal tax rates for the wealthiest sounds like a great idea, but it's probably going to collect less money than lower tax rates, not more. Consider: at a 0% marginal tax rate the government collects no money, but at a 100% marginal tax rate it also collects no money (because no one would bother accepting money if they have to hand 100% to the government). Thus the amount of money the government collects begins at 0, goes up as you increase the marginal tax rate, and eventually goes down again. What's the turning point? Do you really think it's as high as 95%? (There's probably some research about this, but I don't know what it is . . .)
By the way, I think your anger is misplaced. CEOs might get paid a few million dollars, but rarely much more than that, and they at least do put in a real day's work. The real injustice (and I agree that it is unjust) is when you make billions of dollars not because of your work, but because you invested in a business that happened to succeed massively. Bill Gates is not the richest man in the world because of his salary as a CEO, but because he owns so much of Microsoft. That's the real inequity here.
But the capacity for enormous wealth from investment is what makes capitalism work. People fund businesses only because they hope to make back their investment a hundredfold or more. Trying to bar that possibility on the basis that it's unfair, without regard to the consequences, is the fatal error of communism. Sometimes you really have to trade away fairness for more long-term wealth for society as a whole. It's the injustice of capitalism that has ensured that even the poorest people in developed nations are better off than the average person in the third world.
With any luck, capitalism-driven technological progress will eventually give us all so much wealth that the poor of the future will be better off than the wealthy today. That's what we should be aiming for: raising the bar in the long term, not trying to level things in the short term.
MediaWiki developer, Total War Center sysadmin
I don't think there should be a law or anything (and they are paying plenty of taxes with today's rates). I just think the analysis that says "they're worth it" is poppycock. Look at the Detroit automakers. Sure, they were in dire straights 20 years ago, but the only CEO of any of those companies in the last 20 years that has been worth a damn has been Alan Mulally. That's a pretty bad success rate.
In all types of jobs, you have individuals who are being underpaid or overpaid, because the employer misestimates how much they're worth. A good CEO is paid millions of dollars because he's actually worth that much to the company. A bad CEO is paid the same, but only because the board can't always figure out if a CEO is good or bad in advance. Everyone agrees bad CEOs should be paid less (or, better, fired) – most of all the companies themselves. But first you have to figure out if they're bad. That's the trick.
MediaWiki developer, Total War Center sysadmin
More students should go to a 4 year college than do now. We should subsidize college more than we do. Every time a student doesn't leave high school wanting to go to college we have failed that student. Every job doesn't require a 4 year degree. Truth be told, college isn't the best indicator of work performance. Societal factors and family history is more important indicator of work success. Every student that goes to college to learn a marketable skill is missing the point of college.
This assumes the companies profitability is down to the CEO. Of course, when the company loses money it's the fault of the market. Considering that the vast majority of people never get to be a CEO (it's not like these jobs are advertised to us commoners, they're headhunted from the existing executive class), how do you know that if it wasn't for that CEO, profits would have gone up even more?
You don't. Uncertainty is, unfortunately, part of life. But if the company makes billions, it's worth it to pay a few extra million to get someone you just suspect will make the company do better. Even if you aren't sure.
If two CEOs, one of company A that makes a million dollars a year, and another of company B that makes a billion dollars, both increase their companies profitability by the same proportion, both paid a proportion of the profits, CEO A will make a thousand times less money than B, for the same results. Running a company with twice the revenues isn't twice as difficult.
No, of course not. That's why both of the CEOs would prefer to be CEO of company B if possible. The board of company B will, in theory, pick whichever one is better, outbidding company A (which would also like the better CEO). If CEOs were truly interchangeable, and there was no reason to think you could guess which one was better in advance, they would all get paid the same in a competitive market. But they aren't, so the ones that are thought to be better get paid more, by the companies that can afford to pay more.
Of course, boards of directors probably do a poor job of guessing who a good CEO will be. And might have other kinds of biases that hurt the quality of their decision. But that's a separate issue – I was talking about principles, not practice. In practice, CEOs might well be substantially overpaid.
MediaWiki developer, Total War Center sysadmin
Many students in private unis do not care either, and many in public unis do care. There is a lot of variation on students all over.
But when the shoe is on the other foot, and that foot is the foot of a sweatshop worker who gets paid a dollar a day for creating thousands of dollars of value for some corporate clothing outlet, suddenly the question isn't, "How does her salary stack up to all the value she's creating," but "What's the minimum amount we can get away with paying her?"
That's the same question that should be asked about CEOs. If a CEO's salary could be halved and he wouldn't care, he's obviously being paid more than he should be. If there are lots of such CEOs, then that speaks to a systemic irrationality in the market. It's possible. I don't know, since I'm not in the market for hiring or being a CEO. I imagine that most CEOs would actually care if their salary was halved, just because of the message it sends, even if the money itself means nothing to them.
But the actual market price for a good CEO, if everyone has good information, should in principle be much higher than the market price for an unskilled labor. I'm arguing that in principle, some people may deserve to be paid a thousand times what other people are paid. In practice, maybe some people are grossly overpaid, I don't know; I'm arguing about principles, not practice.
I doubt many athletes would complain about making a hundred grand a year, if that were the going rate.
Which accomplishes what? The owner of their team gets to keep the extra money instead? That's even less just. At least the athlete has managed to become popular somehow through hard work and talent. The owner could very well just be lucky.
(It's curious how people are complaining about highly-paid people who actually do a lot of work. Surely it makes more sense to attack the capitalists, who make orders of magnitude more money – billions instead of millions – and don't necessarily do any work at all.)
There is, however, ample evidence that CEOs and boards of directors collude to get each other cushy, can't fail contracts. If they were so sure they were creating real value, they'd happily agree to contracts where their compensation was tied to the long-term performance of the company.
CEOs like low-risk jobs, same as anyone. Companies can fail even under a competent CEO, through no fault of his. So CEOs are offered a lot of money guaranteed, and even more if the company does well. (E.g., they're given lots of stock, which automatically becomes more valuable if the company does well.) This is really no different from any job, except the stakes are far higher. You get a certain amount guaranteed, and more for good performance.
MediaWiki developer, Total War Center sysadmin
Let's not buy into the notion of a class system, and call them for what they are. Upper income, middle income, and lower income groups.
Let's also ask us why higher income is better. Well, money provides options, but more importantly, there are things in life on needs. Health care, and general security. So, if we were to create universal health care, and provide an old age income (regardless of past employment), I think a lot of lower income people would be better off.
Maybe even throw in free college for the first two years two, that way people can go onto technical, vocational, and university (for the first two years) for free, tuition-wise that is.
dugg.
CRAP - wrong site, sorry about that. :P
Point taken - I left rational actors out of the equation, but still - I think even without rational actors my example stands. I don't think trash collection will just "go away" because no one wants to do it. Sure, someone might come up with a fully automated solution, but I don't think these "dirty jobs" just wind up going undone just because we're all better educated.
Karma: Chameleon (mostly due to the fact that you come and go).
There are actually a ton of educated college students in the U.S. All those students in top universities and top tier universities are capable of attaining high paying jobs. Yet, most of them do not because they go in fields that don't pay that well.
Even then, the competition for top paying jobs such as a front office position at Goldman is tough as nails. Only the best can get these jobs.
When you think of it, only a few jobs are going to be an avenue to high wealth. Doctors, top finance jobs, perhaps law and athletes.
Any where else and it going to take company presitidge such as ernst and young and some moving up.
It seems that many people are just afraid in the job market. They get scared when they hear news of the lowest graduating class or something. I feel that one's place in society is predetermined at around the college level. At this level, the person isn't going to move up one social class. Sure there are those people who go from CC to top univerisites or some that just have a change of life. Yet, the majority of those people are already established in their place in society. Those people in those state schools like Baruch are not going to be successful. Only the upper tier students have a chance.
It is tough to even do well in college and earn a 3.5 plus gpa. There are way too many slackers to let yourself lose that easily. Those people in top tier colleges are in a good starting position. They are ahead of the race for the job market. Yet, by making sure one does well in a good college is the best medicine for potential success. Sure a 3.5 at a top college is great but it doesn't mean one is going to get the job. Yet with incredible work ethic, a person of this caliber will be successful some where in the future.
There are avenues to continue the momentum. Lets say I don't get the job I want, I can instead go do an MBA at a top B school.
Yes, there are answers to the problems of information asymmetry. These answers all have, unfortunately, the same problems with information asymmetry. When trying to fix the problem, you get into an infinite regress. Who can you trust to answer the question, "Who can you trust?"
It's funny. I describe how and why the market devalues labor and overvalues capital, and your argument is essentially, "No it doesn't" without any supporting evidence or reasoning.
However, I agree that there could be unintended consequences to any system designed to replace the one we have. One way to overcome this is to make sure people can really opt out of the system. However, we do not want parasites leaching off the system without contributing. And by 'parasites' I don't mean the poor and unfortunate.
What I would do is essentially 'shun' those who can contribute, but don't. If you are not paying your workers a fair wage, contributing to the social safety nets, and protecting the environment, then no one who is doing those things will trade with you. And we will not trade with anyone who trades with you, either. You will be cut off from the community of decent people who take care of each other, free to do your own thing, just not with us. Taking care of the less fortunate is a positive externality for society. If you will not help pay for that externality, you will not get the benefits.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
You can't base a system on the exceptions. We've all seen these types of successes. The lie is that they are common, and that anyone with persistence and attitude will necessarily succeed. That is an example of a noble lie, a lie told for a good reason. The reason is, if you come from nothing, that type of attitude is a necessary condition of success. You DO need to believe that and live it to succeed. And so we tell people, if you believe that and live it, you will succeed.
Unfortunately, while it is necessary, it is by no means sufficient. That is the lie. We tell people it is necessary and sufficient. But the truth is that most people who believe that and live it will still not succeed. But we can't tell people, "Yeah, uh, persistence and attitude will give you a one in ten shot at success. Good luck with that. Oh and by the way, money and connections, which you haven't got, will give you a nine in ten chance of success, ain't that a kick in the pants?"
And the final problem with that ideal is that it provides an excuse not to care about the less fortunate. If we really believe that all it takes is hard work and determination, then those who fail have no one to blame but themselves, and we can wash our hands of their problems. We didn't fail them. Society didn't fail them. They failed themselves.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Your anecdotes, while certainly interesting, are simply personal stories and not actual useful data. You and I want minorities to succeed. The powers that be don't want them to. It is far too useful for all the different groups to be fighting each other, rather than looking for the true common enemy: the sociopaths at the top. And that is the real issue facing every society: what to do about the sociopaths. And how to do it without also screwing over the regular citizens, or just handing the sociopaths another tool of oppression.
The thing is, one must look at the results of one's beliefs. If a belief leads one to the conclusion that one is good and right and all one's rewards are deserved, while those who fail deserve to fail, well, it is pretty easy not to question the validity of that belief. IT's kind of funny how many widely held beliefs lead to exactly that conclusion, isn't it? It's almost as if people pick their beliefs based on how those beliefs make them feel, rather than any logical validity.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
It isn't all about happiness for me. Historically, who do you think has changed society for the better? Was it the people who "played the cards they were dealt?" Or was it the people who blamed society and others, when society and others deserved the blame?
I'd guess, the later. And maybe they weren't so happy during their lives. But they made the lives of many others who came after them, that much better.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
"Buckaroo Banzai." The reference was "Buckaroo Banzai" but thanks for playing and here's a copy of our home game, "Obscure references for total dorks."
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
OK Spun, I think you won me over to your way of thinking (wore me down?? ;^) Which is a feat considering I am something of an eternal optimist.
Let me just throw a twist on it, though - it also depends on your definition of "success". If success = $$$$, than what you are saying is true. However, if success = satisfaction with life, than maybe not. If it does = $$$, than you will not be satisfied no matter what you do.
"Before God we are all equally wise - and equally foolish"
Albert Einstein
I'd say, success is being self actualized. Success is the freedom to define 'success' in your own terms, and work towards your own goals.
I've read a study on human happiness, where they asked people all over the world, "Are you happy?" and then asked them a bunch of other questions, to see what factors influenced happiness. Turns out there are only three factors. First is having the resources to see to your basic needs. Having more than that won't make you any happier, but not having it will definitely make you unhappy. The next is being a member of a close social group like a tribe or a village. And the final factor is being a part of a religion (which to me is just a special case of factor two.)
The thing is, we could have a society where hard work and determination were both necessary and sufficient conditions for success. Imagine living in a real meritocracy. I'd like that, and not because I think I'm awesome and would do great in a real meritocracy. No, I'm actually kind of lazy. But I have this sense of justice that I can't shut off, and it physically pains me to see the just fail and the unjust succeed. So my reasons for wanting a meritocracy are still selfish, really.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Although I know what you mean, I think "self actualization" is a term that has always been somewhat poorly defined to me. But I digress...
Actually, I think you've somewhat painted yourself into a corner with that last definition. Because I think it is very possible for someone to be "successful" ( = self actualized) in the current workforce. I know plenty of folks who might be considered self actualized that have low paying jobs. And they meet your requirements for the three areas of happiness - jobs, good social structure, and go to church, etc.
It reminds me of the story of the Mexican Fisherman
"Before God we are all equally wise - and equally foolish"
Albert Einstein
Self actualization is actually well defined in psychological theory, but yes, it has been co-opted by pop-psychology.
It is very possible for anyone who has their lower order needs met to be self actualized. That is the point of Maslow's Heirarchy of needs. The theory is, once one has one's basic physiological needs like food and water met, one can focus on the sociological needs, like status and love, and only once those are met, can one focus on being the person one wants to be.
And here is the thing, for me. I would have no problem with some folks making millions of times what other folks met, as long as everyone had their basic physiological needs met. It is only when some are starving and others make millions that I have a problem.
It is very possible to be self actualized in our current work force. But remember, in order to be self actualized, on has to have met one's sociological needs. One can not become truly self actualized unless one has met the need for social status and acceptance. Our society maintains an economic condition where a certain percentage of people will not be allowed to contribute, and thus not meet their sociological need to contribute. It is our stated policy not to let unemployment fall too low, lest the evil inflation rear its ugly head. Which means we are saying, a certain percentage of Americans will NOT be able to meet their sociological need to contribute. That sad truth is inherent in our economic system.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
>>The powers that be don't want them to.
Damn that Obama!
I say we remove him and all those powers that be that put him there!
In all seriousness, though, do you know how easy it is to get a scholarship, grant, or job if you're, say, a female Hispanic student in computer science? There ARE inequalities, but our society pretty strongly stacks the deck for anyone of the right skin color to succeed if they want to.
The bigger issue is why females and minority students DON'T want to, but it's a lie to say that society will stamp them down if they try to go for it.
You could make your argument more persuasive with some kind of statistics or citations to back it up. What you've got now doesn't even qualify as anecdotal, it's just bald faced assertion.
Look, I can make bald faced assertions, too: Our society stacks the deck for white men. Anyone who thinks the deck is stacked for minorities is a lunatic who can't be trusted to make simple, fact based observations. White men have power and privilege. Affirmative action hasn't even put a dent in the inequalities. For proof, I call your attention to the CEOs and board members of our fortune 500 corporations; our local, state, and federal elected officials; and our prisons. Oops, now I've gone and actually backed up my assertions with evidence. Looks like your argument is pretty well debunked. You could have at least tried to make it a challenge.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Hey Spun, I have an advanced degree in psych, so I'm fully aware of the definition of SA. And I still think it's poorly defined. I mean "the full realization of one's potential"?? seriously? How do you operationalize that? Sorry, I've been in the biz for a while, and I think the whole hierarchy sounds good in theory, but not so much in practice. Also, according to Maslow, there were only a handful of people that were SA (Elanor Roosevelt? How'd he come up with that one?). I also know many artists that starve for their art. It would seem to me that this behavior would be counter to the MH - starving in order to obtain SA. Anyway - sorry, a little off topic.
I would totally agree with you that there are some serious social ills out there. And given the ever increasing world population, I think it's going to get worse before it gets better.
"Before God we are all equally wise - and equally foolish"
Albert Einstein
Not off topic at all, it's always good for me to get the insight of a professional in the field, as I am no more than an interested amateur. And I see your point, I guess it is poorly defined. But were the artists really starving? Hard to be an artist when you can't lift your arms...
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
>>You could make your argument more persuasive with some kind of statistics or citations to back it up. What you've got now doesn't even qualify as anecdotal, it's just bald faced assertion.
Really? You're going to go out on a limb and claim that Microsoft doesn't put especial efforts into recruiting and giving scholarships to women and minority computer science people? Want to place a bet on how long this claim of yours will stand up to a Google search?
I know it existed, because my (female, Hispanic) partner in my assembly class was courted for years by Microsoft during her undergraduate years. Internships every year; scholarships, free software, guaranteed job out of college.
Or are you claiming there isn't a tremendous amount of support available for any minority wanting to go to college? You think that will stand up to a google search as well?
Let me know how much you want to bet on this, before you get a Let Me Google This For You link.
I'll bet you a public "I was wrong and you are right." Heck, I'll post it in my journal if you like. But let me ask you, how many white guys get the same deal? A lot of them. Was your Hispanic partner an idiot who did not deserve the offers she received? Or was she in fact, quite smart, and thus likely to get those same offers whatever her race? Think carefully before you answer that, does she read Slashdot? Maybe some sort of code is in order, refer to her as your "loving genius partner" if you agree, or your "genius loving partner" if you don't. ;)
Now, on to what I will accept as evidence: statistics showing that white men have worse social outcomes overall than minorities. Show me minorities making more on average than their white male counterparts. If you can't show that, everything else is moot, because whatever advantage the minorities are receiving has obviously not outweighed the extant racism holding them back. Or do you think minorities are simply less capable than white men?
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
>>But let me ask you, how many white guys get the same deal?
"...we do award a large majority of our student scholarships to women, minorities, and the disabled."
(https://careers.microsoft.com/careers/en/us/collegescholarship.aspx)
And minority is defined solely as African-American, Hispanic, and Native American.
How many white guys get a minority or woman scholarship? Um, I know of one guy... and he nearly got kicked out of school. It was because the scantron misread his mark on his college application form. He had to show them his applications to other schools to prove he wasn't trying to get favorable admission by pretending to be black. (Kind of explodes your preferential treatment for white people doesn't it?)
>>Or was she in fact, quite smart, and thus likely to get those same offers whatever her race
She was a smart chick, but she was absolutely recruited so heavily because she was both a woman and a minority. Nobody even tried to pretend otherwise. Microsoft doesn't, and neither did she.
And this is just one program at one company among many.
>>Now, on to what I will accept as evidence: statistics showing that white men have worse social outcomes overall than minorities.
Ah, but fairness in society merely guaranteed equality of opportunity, not equality of outcome. You can give incentives to increase desired outcomes (and there are a lot of incentives for minorities to go into high tech), but you can't force them to become computer scientists without holding a gun to their head. And I don't think you'd go that far.
Okay, look, equality of outcome is statistical over large sets. Given a large enough sample of different races, you will find equality of outcome, unless the race is inferior (are you arguing that?) or the there is institutionalized unfairness towards them (which is what I'm arguing.)
This institutionalized racism is evidence we are NOT providing equality of opportunity, and so we have affirmative action. Case closed, you can't show that minorities have better outcomes than whites, we still have racism, and thus, affirmative action, while doing something, is not doing enough.
I don't really have a lot of sympathy for people born with privileges crying about how they don't have enough privileges.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Just yesterday I traveled over solid rock, and I've held someone's brain in on their way to go get surgery... does that count?
"...And who wants to make buttprints in the sands of time?" ~Bob Moawad
Hehe, it was a Buckaroo Banzai reference. You know, because he's a top neurosurgeon, particle physicist, race car driver, rock star and comic book hero.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
Given a large enough sample of different races, you will find equality of outcome, unless the race is inferior (are you arguing that?) or the there is institutionalized unfairness towards them (which is what I'm arguing.)
That's a false dichotomy. Or, in other words, the truth is neither of the above. My family (strongly conservative) has been working with poor black kids in education for the past decade, turning them into academic badasses, so I know what I'm talking about here.
The unfairness toward, say, black students is not institutionalized. As I've said above, there's actually an institutionalized bias FOR minority students. As long as you're not an Asian - there's a definite bias against Asians, but they do so well anyway they're not considered minorities by companies like Microsoft.
The main problems are threefold: 1) Poverty, 2) Culture, 3) Expectation.
You could argue that poverty is an institutionalized bias against them because property taxes and thus school funding is lower in poor neighborhoods - but that's why we have Title I and similar programs to make up funding shortfalls. You could also blame poverty on the poor academic outcomes, but the truth is a bit more complicated than that - it has to do more with culture than poverty.
A Chinese factory owner, who lost everything in the Cultural Revolution, was tortured, etc., and finally managed to escape by bribing the border guards with every last dollar he had, still has his culture of success. When he gets to America, he has less money than anyone else, and yet his kids grow up to be successful (an accountant, real estate agent, VP of a large bank, etc.) and THEIR kids become pharmacists, UCLA business school grads, etc. And if this sounds specific, it is because it is the story of my wife's family. Never forget the horrors of communism.
An established poor working class family, however, has much lower expectations than a poor family that comes with expectations of success. The culture is also heavily biased against the poor black kid. I went to school in the ghetto (which is why we returned there) - kids are absorbing the cultures and expectations and biasing themselves against success. So all of the institutionalized biases FOR them don't help. It doesn't matter how many opportunities exist when the kids themselves consider professional athlete or rapper as their only career options. While it's trite to blame Ludacris for the failures of poor black youth, it's certainly a significant part of the problem. Whatever you adopt as your identity for yourself becomes the most powerful factor guiding your life.
When you show them instead that they can become academic badasses, it turns them around for life, and they can take advantages of all the opportunities just waiting for them.
I agree with your assessment, as far as it goes, but let me show you how racism plays into all three of your problems, not just poverty.
Obviously, minorities make less than whites. Poverty IS institutionalized racism. But culture is an important component. Being a part of the dominant culture has its privileges. You don't have to question your assumptions and beliefs, because no one does. When you are a part of a minority culture, whenever your assumptions and beliefs butt up against the dominant culture's, you are the one who must adapt. You are demonstrably a second class citizen, and you have it thrust in your face every day. This makes it difficult to succeed.
And expectations, when all you see people like you doing is failing, getting jailed, getting killed, or living on the streets, it is hard to expect anything different. Where are the role models? Sure, we have 'black' president now, but it will be years before the effects of that are seen.
The three main problems all have their roots in institutionalized racism. Minorities do not have the same opportunities as whites. Thus, we try to create more opportunities for them. This is only fair.
- None can love freedom heartily, but good men; the rest love not freedom, but license. -- John Milton
>>You are demonstrably a second class citizen, and you have it thrust in your face every day.
Thrust in your face? By whom? I think you're confusing explicit vs. implicit racism... if that's even the right word - I think culture is a far better way of describing it. Otherwise you get into problems by defining people like the Black Panthers to be racists against black people. And maybe you would make that claim, I'm not sure.
I actually think we're agreeing here, just using different terms. The real challenge is overcoming the expectations against success. Once you do that, the kids see all the opportunities that they have out there, and tend to do quite well. But all the scholarships in the world won't make more black kids go into CS if they themselves are not interested in it, for whatever reason.