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Politics : PRESIDENT GEORGE W. BUSH
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To: mark silvers who wrote (2562)7/30/1999 9:41:00 AM
From: Neocon  Read Replies (2) of 769670
 
Although entrance rates for college grew to nearly 50%, graduation rates have remained at a bit less than 25% (of high school graduates) for the entire post- War period, since economics was not a significant factor in attendance. There are many people who are unsuited, whether by intellect or temperament, for college. Suppose, in any case, that everyone went to college? Do you think there are enough white collar jobs in the country to absorb them? And do you think that there are enough immigrants prepared to step in to the wide range of skilled jobs that would need to be filled?...By the way, whether or not a tight labor market fosters inflation depends upon productivity, which is why there has been virtual full employment without high inflation recently. Obviously, we cannot guarantee offsetting productivity gains in every instance, but there is reason to think that the pace of technological innovation will continue to provide balance for quite some time....
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