9 Reasons Why America Is a Terrible Place to Raise Kids

[TooOldForThis]

"A college degree costs more now but delivers less. In the 1950s and 1960s, college graduates working in low-paying, dead-end service jobs was unheard of; now, it’s common."

Let me translate this: If an industry massively over produces a product, bad things happen. Product sits on the shelves or to clear the market, the price has to be lowered below the cost of production. These economic facts of life apply to the useless degrees pumped out by the highly subsidized education sector as much as they apply to the production of housing, oil or solar cells.

The President's solution to the problem is to increase the subsidies to education, LOL. The result should be obvious. Even lower prices and even more product sitting around that no one wants.

 

[dbphoenix]

"A college degree costs more now but delivers less. In the 1950s and 1960s, college graduates working in low-paying, dead-end service jobs was unheard of; now, it’s common."

Let me translate this: If an industry massively over produces a product, bad things happen. Product sits on the shelves or to clear the market, the price has to be lowered below the cost of production. These economic facts of life apply to the useless degrees pumped out by the highly subsidized education sector as much as they apply to the production of housing, oil or solar cells.

The President's solution to the problem is to increase the subsidies to education, LOL. The result should be obvious. Even lower prices and even more product sitting around that no one wants.

I don't know about the subsidy part. The glut of science majors in the 60s and PhDs in the late 70s and early 80s had as much to do with listening to hype as anything else.

However, it was not unheard of for colleges to accept students that would not otherwise qualify if they represented incoming revenues of one sort or another.

 

[marketsurfer]

It's only a bargain if one has the money.

My parents were far from wealthy and sent two sons to college plus one to law school and one to medical school. If they can do that on a goverment military employee salary, theres no excuse for anyone. Wake up

 

[dbphoenix]

My parents were far from wealthy and sent two sons to college plus one to law school and one to medical school. If they can do that on a goverment employee salary, theres no excuse for anyone. Wake up

And did they walk 10 miles to school in the snow, carrying their lunches in lard buckets?

 

[marketsurfer]

And did they walk 10 miles to school in the snow, carrying their lunches in lard buckets?

The bottom line is your excuses hold no water as do your trading claims. Thrre are aleays lisers and winners and thid has nothing to do with income.

 

[dbphoenix]

The bottom line is your excuses hold no water as do your trading claims. Thrre are aleays lisers and winners and thid has nothing to do with income.

And what does any of that have to do with the article?

(Thrre are aleays lisers?)

 

[eurusdzn]

My parents were far from wealthy and sent two sons to college plus one to law school and one to medical school. If they can do that on a goverment military employee salary, theres no excuse for anyone. Wake up

Surf,
Which side are you arguing for?
I can attest that in the mid 70's , in the US, private , small New England college education,
Including room and board, was $5000. I just checked their site and it is $50000 today.

Mid working class wages of 15,000 in the 70's is, in my opinion, conservative or spot on , and were tripple the tuition. Working class wages today are not 150k hence the problem.

And further, its not the rates of change but the economies of scale.
In theory one could bite the bullet and pay up for a circa 1970"s $500 item
now priced at $5000. You can recover from that. Similarly, most cannot tolerate the $20k/$200k ratio.
$200k may simply be beyond ones means.(200k is 4 years college)

But then again , i realize this is ET. The creme deda creme.

 

[marketsurfer]

And what does any of that have to do with the article?

(Thrre are aleays lisers?)

Sorry, I am on a boat. tying to type via a ziplock bag LOL If you have the will, you will find a way to get whatever you want. if you don't, you wont-hence loser.

 

[marketsurfer]

Surf,
Which side are you arguing for?
I can attest that in the mid 70's , in the US, private , small New England college education,
Including room and board, was $5000. I just checked their site and it is $50000 today.

Mid working class wages of 15,000 in the 70's is, in my opinion, conservative or spot on , and were tripple the tuition. Working class wages today are not 150k hence the problem.

And further, its not the rates of change but the economies of scale.
In theory one could bite the bullet and pay up for a circa 1970"s $500 item
now priced at $5000. You can recover from that. Similarly, most cannot tolerate the $20k/$200k ratio.
$200k may simply be beyond ones means.(200k is 4 years college)

I am just trying to argue for the truth. There are tons of govt programs that allow kids to go to college from every demographic--- the cost is most irrelevant with the govt subsidiaries-- obviously, I don't agree with this, but it is the way it is. surf

 

[dbphoenix]

I am just trying to argue for the truth.