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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 (65408)	7/6/2006 4:40:47 PM
From: GST	Read Replies (1) \| Respond to of 110194

<whatever shortage there is at the top> The distribution of income in a global economy is skewed towards those who are able to contribute the most to productivity. Our income aspirations suggest we want to be at the top of the pile economically. For a couple of hundred Americans to do that is entirely possible -- but not while most don't have a basic college degree. That is where we are in trouble. When 75% of Americans have college education then we can talk about being the top of the heap. Until then, most Americans will find it tough to live in a world where other uneducated people will work for less. For those who live outside the US, it is entirely possible to exceed the standard of living of most Americans. It is not a matter of where you live -- it is a matter of how you live. And many people outside the US long ago recognized that the issue is education, not nationality. Lets be clear - all Americans can prosper in a global economy -- but not all will prosper because they lack the education and skills to do so. That is reality. There is no free lunch. Many people in the US are going to be more poor tomorrow than they are today. Many will be better off. There will be winners and losers.