what happen to the days of being able...
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Historian

Cadiz, KY

#23 May 9, 2014
Highway_Woman wrote:
<quoted text>it still beats working at walmart or the dollar store, as far as financially i mean.
Yes. IF you can get the job in the field that you get educated for and IF wages in that field remain high enough to pay off student loans. But with the way wages are falling in many fields today, don't count on the pay scale holding up. Take telecommunications for example. A few years ago that was a hot "sure thing good job" field. But then the big telecom companies started contracting the work out and letting their salaried people go. Now the same people are working for the contractors as sub-contractors, for a third as much money and no benefits.

So with the direction the economic structure is headed, you could end up with the expensive degree and still be working part time for minimum wage at Walmart and waiting tables too.

Don't get me wrong. I am not discouraging anyone from getting an education. But just doing it without getting politically active to change the economic structure that is draining wealth from the bottom to the top will be a waste of time and money.
Observer

Owensboro, KY

#24 May 9, 2014
Historian wrote:
The problem is in the way wealth is now distributed in America. Too much of it is in the hands of the very very very rich few at the top and not enough in the hands of everybody else. There is a simple, proven in practice for 40 years solution: put the steeply progressive tax rates that were in force from 1940 to 1980 back in force, tax the rich, and redistribute the wealth back down through the whole economy by spending on infrastructure (what we have was build during that time and is wearing out and/or antiquated and needs to be replaced), education, health care, etc. That will create jobs that pay good wages, just like the tax-and-spend policies in effect from 1940 to 1980 did.
Cutting taxes on the wealthy and cutting spending will not fix the problem. It will only make it worse.
Communism
Historian

Cadiz, KY

#25 May 9, 2014
Observer wrote:
<quoted text>
Communism
No.

But read what Karl Marx said about what must happen before a communist revolution can take place: so much of the wealth must accumulate in the hands of the wealthy elite that the middle class drops into the impoverished working class and wages drop to the level of bare subsistence. That is what is happening in the USA now.

It was headed that way twice before. Once, in the late 19th and early 20th centuries. World War 1 broke that concentration of wealth up somewhat, but not enough. The middle class standard of living was kept up during the 1920s by borrowing and buying on credit. That collapsed in the 1929 crash that brought on the Great Depression. Conditions then were ripe for the revolution that Marx predicted, but FDR short circuited it with the New Deal. Then World War II enabled him to levy steeply progressive income taxes that taxed away a great portion of the wealth that was going up hill and redistribute it back through the economy. Those steeply progressive taxes remained in effect until the 1980s. Then they were cut and wealth started gushing up hill to the rich. Everybody else got poorer.
Berry girl

United States

#26 May 11, 2014
Education is for one's own self improvement. There is no guarantee of employment upon graduation unless one attends a school which provides jobs such as truck driving. Also, there is well paying work which requires no degree. These can be found online. What a job seeking person should be prepared to do in order to obtain high paying positions is to be willing to relocate even if it is to another country. Overseas employment is rewarding for western professionals. Many individuals commute daily by car, train or plane. What we have here is a first world problem. In third world countries there is no need for an education or for one or two incomes to support or feed one's family as people barter, trade or share. Additionally, in these third world countries every family member is involved with providing for the family's common good. In the US it is now usually the parents alone who provide. In the tiny country of Q'uatar., rich with oil, there is no need for anything as the country is so wealthy that the government provides everything for all its citizens from cradle to grave. I do wish you well.

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