SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (232609)5/13/2005 5:24:49 PM
From: RetiredNow  Read Replies (2) of 1574591
 
It's a good article to raise the consciousness of impacts of globalization on workers. Here's a paragraph that stood out to me:
College graduates today are doing better in real economic terms than college graduates in the 1970's. But everyone else is doing less well. "If you look at families headed by someone without a college degree," said Professor Sum, "their income last year in real terms was below that of a comparable family in 1973. For dropouts it's like 25 percent below where it was. And for high school grads, about 15 to 20 percent below."

I am a little sympathetic to the poor working classes. But also, I think that globalization isn't something that lifts all boats. A more accurate reading on the impact is that it evens things out. That means rich countries become poorer and poor countries become richer and some poor countries get crushed. Then within the rich countries the poor and undereducated get crushed as well.

This is Darwinism. It's brutal and ugly, but that is life. I think the emphasis in this country needs to placed on improving our standards of education and making sure everyone understands that they WILL NOT BE COMPETITIVE in a globalized world without a college degree at the minimum. Nowadays, really you need a graduate degree to start unlocking the upper middle class income potential we all have.

So I feel sorry for the poor working class, but in this country everyone has an opportunity to get educated. I know I did. My parents were poor immigrants and they spent every dime of theirs getting me educated. I also borrowed a hell of a lot to go to undergrad and then MBA school. But I'm doing just fine. In fact, I've received great raises and promotions in the last few years. So I didn't even noticed there was a recession.

That is available to anyone who is willing to work hard to get an education and compete in an even tougher globalized world.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News