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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (45958)11/22/2005 1:40:18 AM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
People without the education needed to have any advancement potential in their lives. They get frustrated.

How can "education" possibly be the solution when it costs 10 times as much to get that education here as it does elsewhere?

The implication of your response (which by the way I do not think you really believe) is that the US has some sort of "educational superiority" over others.

Well China and India are churning out far more scientists and engineers than we are. They get paid about 1/5th what our engineers get paid if that.

Now let's assume everyone in the US got a PHD.
Then what?
Then we would have PHDs picking up garbage, that's what.

On an INDIVIDUAL basis an advanced degree may help, on a mass scale it is useless.

Education is not a guarantee of anything these days.
Unfortunately that is the sad reality even as universities pump all of these silly programs knowing full well that no one is going to hire a 30-40 year old re-trained Java "expert" with zero experience and a background in manufacturing or sales.

Mish