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quaker bill

(8,224 posts)
8. It is all a contrivance
Sat Feb 2, 2013, 05:40 AM
Feb 2013

set up to cause us to believe that falling wages are our fault. Falling wages are because "we are not educated enough".

No doubt, education could be improved. However, truth be told, the level of educational achievement on average for the American public has never been higher. There are more people with bachelors degrees selling shoes, waiting tables, and flipping burgers than we have ever had. Roughly half of all college graduates are working jobs that make little or no use of their degree. At no time in US history has a higher proportion of the population had HS diplomas and college degrees.

We are on average vastly better educated than the population in the 1950s, when many single earner families had a new car in the driveway every 2 or 3 years.

My grandfather, an HS educated auto mechanic who basically did brake jobs for a living for a GM dealer over 30 years, left behind an "estate" 1/3 of which put both of my kids through college.

The bottom line is not education it is wealth distribution. Back in my grandfather's day the CEO made good money, perhaps 40X the typical worker. Today the CEO makes absurd money often 400X or better than the typical worker. Auto mechanics rarely leave "estates" behind anymore, because the CEO has that money.

None of this has anything to do with education. The "failed education system" meme is fully intended to believe that we are the problem, and of course, that giving them more of the money is the solution.

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