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

To: mishedlo who wrote (65402)	7/6/2006 4:13:51 PM
From: GST	Read Replies (1) \| Respond to of 110194

Between 1/4 and 1/3 of all American adults have a college degree. As for the economic impact of education, this has never been in doubt. It is really pretty simple -- if you want to stay ahead in the US economy you stay in school. If you don't you are far more likely to face the same wage pressures as people in other countries who do not have a university education. In other countries, university education is becoming more commonplace. Those are the competitors for a higher standard of living. An educated person in another country is going to do better than a poorly educated person in the US -- that is what globalization means. Our universities have been full of the best and brightest for many years -- that has been a big bost to the Us economy. Now those days are over and they are returning home or going elsewhere to go to school due to our misguided fears about foreigners.

To: mishedlo who wrote (65402)	7/6/2006 4:18:11 PM
From: Pravda	Read Replies (1) \| Respond to of 110194

While I agree with your point, a college degree is now required for all sorts of occupations that once only required a high school diploma, such as flight attendant. This is simply because high school diplomas are viewed as attendance diplomas, and show no underlying achievement. The PhD is the new bachelor's degree. The net result is Americans spend more time and money in school and less time creating economic value through work. Yet another way Americans are becoming poorer. Pravda