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A New Dark Age: When College Doesn't Pay
Submitted by Daniel Drew via Dark-Bid.com,
If you're so smart, why aren't you rich? One day, as ignorance becomes an ideal to strive for, that question might be replaced with, "If you're so dumb, why aren't you rich?"
The possibility that evolution might take a wrong turn and transform us into a society of imbeciles was dramatized in the movie Idiocracy. That process is beginning today as education is no longer rewarded. A look at the labor force participation rate for college graduates shows a steady decline since the data was first tracked.
Getting a college degree used to mean a ticket on the upward trajectory of this thing they once called a "career." Now, your college degree guarantees you a place behind the bar counter in the McJob recovery.
As more college graduates become unemployed, the more the federal government picks up the tab.
Idiocracy is upon us.
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Standards are dropping everywhere. This crap is worthy of posting?
Is the idiocracy upon us?
In some parts of the world it is already here.
Buh Bitcoin, no Degre necessary!
https://btc-e.com
‘COLLEGE CONSPIRACY’ Lays Bares A Multi-decade Scam
People spend all this time getting useless degrees, in useless fields...... Sure nothing can go wrong
Layoff List: http://www.dailyjobcuts.com
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60 years ago, something like 5% of the US population attended college or was considered "college material". That is, they had a higher IQ or showed a potential for higher learning. At that time, most people understood that everyone was not molded of the same clay. In other words, egalitarianism hadn't taken its poison root yet. And there was a much higher number of people who took on work as apprentices in the skilled trades. This was not considered "beneath" them as it is our dumbed-down "intellectuals" of today. And back then, when one graduated from high school, they were indeed capable enough in the 3 Rs to wend their ways through society with assurance. Today, kids can't parse a sentence, do long division, nor find most countries on a map let alone excel in the higher sciences.
Let's face it... our ancestors were intrinsically right. Not everyone is college material and we need to put an end to what Revilo Oliver used to call the "diploma mills" whose only purpose is to herd as many debt-slaves - er, students - through their illustrious halls of ivy. We need much higher standards at the K-12 levels, too.
Three observations from a college dad:
1) More college debt because people don't save anymore, for college or anything else, thanks to our pro-debt society of ZIRP, NIRP, and socialized-bank losses.
2) Nobody pays retail price for four-year colleges except the foreign students (Chinese): almost every American kid gets some scholarship money, even those that aren't scholarly.
3) College isn't really more expensive, today, unless you are pricing it in US Federal Reserve Notes:
http://pricedingold.com/college-tuition/
The biggest problem is the college Mom and Dad's conning their kids into the scam that they got scammed for. Fuck can you say rinse and repeat please. The right thing to do is tell your kids you got fucked and you don't want them to get fucked, how hard is that?
So what cry me a river that they don't get to party with their friends like all the other stupid parents kids. You had them, now do the right thing and tell them the TRUTH!!!
Down vote away, I really don't care.....
@Nobodys Safe - I agree with you regarding the Moms & Dads responsibility. But, a lot of them still believe the bull. I know people who have actually flown around to find a college for their kid. - Kids who say they hate studying and hate to read books ! One wants to go to an out of state public college to major in Dance. They have little talent. - Another parent says their kid is 'doing well in school now'. Translation - they aren't drinking & smoking so much now, so they likely won't flunk out immediately. They are getting 'good grades' in classes with absolutely no value.
None of these parents want to hear how college is a scam for most students, (Exceptions for some technical majors, but you actually need to have some brains and work hard in those). Parents are delusional and guilty at the thought that their kids wouldnt also have the 'college experience' like they did.
I also suspect an element of 'keeping up with the Jones' for some people. They don't want to tell others that their kid is doing something other than attend college.
I always hated reading books and still do. I'm totally ADD - can't deal with sitting still that long. Math and science - no problem. No novels to read in order to excel at it.
This is nothing, 'the butthurts' bloc have infiltrated zerohedge and are publishing republican butthurt whinge pieces under the Tylernym:
http://www.zerohedge.com/news/2015-04-20/north-carolina-mans-obituary-re...
Hail Hillary 2016
another problem is that a lot of kids arent really mature enough to handle the 'college environment' at 18 years old. I sure as hell wasn't. I am 30 and I am finishing up my degree now. First time around, right after high school, I majored in kegs and condoms, and it took me 3 years just to get 2 years worth of credits. Some of my friends did good, graduated like they were supposed to, and got decent jobs, some did as bad as me or worse. I was lucky in that my parents were paying for it, and once they stopped paying since I was fucking around and they knew it, I left college rather than taking out student loans.Now that Im older and can afford to just pay for it without borowing, Im taking them slowly just to get the(increasingly worthless) piece of paper.
Bingo bitches.
I see a lot "investing" in their kids. They really think they are helping by covering all/most costs.
Most of them think it's a retirement policy.
"I'm investing in my kid so they can take care of me later".
Yep, they'll take care of you alright - right after they tell you to get fucked.
The problem with pricing things in gold is that it implies that gold's price is not currently being artificially suppressed substantially.
+55,000
It also conceals the changes in peoples wages priced in gold. You need a chart of average wage, in gold, to see the load of the cost of education priced in gold . . . or just a chart of nominal wage vs nominal college cost.
You have it all wrong. The price of Gold measured in US Dollars is quite meaningless and actually moot. (Hear me out as I only encourage Gold Ownership. You will understand that by the end of this.)
It is not that the "price of Gold" is being "surpressed".
It is the value of the currency, the US Dollar. is supported by fiat, by declaration, with the complicity of those maintaining faith and having the confidence that they can pass off the Old Maid before the game is finally called.
The true value of a US Dollar can only be measured by its utility. If it cannot purchase a future good or service then it has lost all utility thus all of its value. That day has yet to be realized but it approaches that hour with greater certainty during every passing minute.
Likewise it is the same with Gold with the huge difference that most people in the World, since not America, maintain a faith and confidence that it will have utility, thus value.
When the population loses faith and confidence in the stalwart US Government, and thus its fiat currency, then they will seek out another currency (Gold and Silver) to place their faith in. That is when the demand for Gold and Silver will skyrocket as the Dollar will implode.
This happened before in 1979 before Paul Volcker stepped in and imploded the Bond Market with free floating Double Digit Interest rates in order to save the US Dollar from imminent destruction. But that cannot happen again. That bullet was used long ago as the USA was the World's Largest CREDITOR NATION at the time. Now we are the World's Largest DEBTOR NATION.
I'd say...oh...about Octoberish of this year... The Stawk Market and Bawnd Markets will have both collapsed due to the Interest Rate Hikes. The agriculture harvest will be well below average and the Great Famine will take hold.
The people will become very, very hungry and their Dollars will not feed them. The US Government will not be able to feed them as they are broke. They cannot print up food. That is when revolutions happen.
A fool knows the price of everything and understands little about value. The wiser man understands the value of things and cares not so much about price.
Great post. You can boil it down some and say once CONFIDENCE in the US...dollar, government, markets...are lost, the nation will default to a Zimbabwe´d state of affairs. Then the final secret will be forced into the open: WHERE IS THE GOLD? The 8K+ tons of US owned gold and the 6K tons of foreign owned gold better be there or else the United States will be branded as the biggest thief in the history of the world and the consequences will be devestation.
"3) College isn't really more expensive, today, unless you are pricing it in US Dollars:"
Sure it is. it started soaring when the gov't started making student loans easier to get. When I graduated my university yearly tuition & boarding costs about $6K per year. The same school today costs over $30K a year. When I attended this school all of the buildings were pretty old, built in the 1930s and 1940s the walk paths between the buildings was gravel and asphalt. I took a trip about 3 years ago. Most of the old building had be demolish and replaced with fancy building (lots of $$$). The walk paths were replaced with hand laid brick with intricate patterns, school/sports logos. I am sure all of this money spent was added to the tuition & boarding costs.
The real problem is the Gov't by making student loans too easy to get. Schools preyed upon students and use gov't money to extract money for construction and hire facutily salaries. University have swtiched from places to obtain an useful career into a fancy country club that provides no real education.
The $ signs tell me that you are pricing your university yearly tuition & boarding costs in US Federal Resrve Notes.
Ahem....RATIOS my friend.
With stagnate to dropping real wages but college costs continuing to go up it's all about the ratios.
Here's all you need to know. At 38,000 in 1950 a guy with a high school degree working in a factory could raise two kids and send them both to college AND have the wife as well, AND have the 2 cars AND have the vacations, AND have money left over for retirement ALONG with their pension.....before SOCIAL SECURITY would even kick in.
Now....not so much.
RATIOS, RATIOS, RATIOS
But...but...but there were no jobs in 1950, because the top federal income tax rate was over 90%!!!
Look it up. The rate was so high that no one opened any new business, no one tried to get rich. The U.S. economy collapsed, there were no millionaires at all, so there was no investment. People turned down jobs right and left so that they would never have to pay that much of their earnings to the f-ing government.
It's incredible how the U.S. survived at all after World War II with the top rate so insanely high.
38k in 1950 is $370,101.08
http://www.bls.gov/data/inflation_calculator.htm
And thats the official goalseeked number!
And 38k today will be 37,600 at the end of the month.
Agreed, college is an alcohol soaked version of Disneyworld for high school graduates with a veneer of scholarship.
Yale is not a good example, how big is their endowment now? It's over $20 billion and is the best performing around with a return rate last year of over 20%. Tuition is reasonable at most schools, at least in comparison to room, board, and living expenses.
College today is not worth as much, either. Again, Yale is a singularly bad example, because only a small handful of the population could hypothetically be accepted. In 1915 (and until roughly the 1950s) a (bachelor's) degree was a true status symbol for the academic and economic elite, today, it's a prerequisite for just about every kind of non-wage labor other than some trades and certain kinds of self-employment. Even if one accepts the premise that college prices have not risen so much as dollar purchasing power has fallen, one must remember that back then, college was very much as unaffordable to the majority as now (but there was no established mass financing system to circumvent this barrier) and had higher value both economically and socially - there were no BA-holding or line cooks or indeed any blue-collar workers. On the last point: it wasn't necessary then, it isn't necessary now, if anything, computerization, mechanization, and automation have made most forms of work easier and reduced the amount of vocation-specific information one needs to internalize, except in the purely academic and/or STEM disciplines; I'm pretty sure you'd agree that modern lower education, and a good portion of higher education too, is more about conditioning in service of manufacturing good (corporate and bureaucratic) employees infinitely more than it is an attempt to impart and/or maximize creativity, problem-solving skills, abstract or concrete intelligence, reasoning ability, etc.
PS: The chart does not show the rate of decline of participation rate of the college-educated relative to the rate of decline of the overall participation rate. If the overall rate is declining faster than is the rate for the college-educated, goin by this metric alone, college would still be a good idea. I'm confident that if you were to decompose this series by department/field/degree, you'd find opposing trends - liberal arts (including teachers) plus lawyers and business/finance graduates probably account for the lion's share of college-educated labor-force participation rate decline. Pure-academic grads are probably still outperforming, and STEM grads most definitely so. You would also want to adjust for the prestige ranking of the degree-granting institution (e.g. University of Phoenix vs. Columbia University).
Thanks Headless..... Cool chart. I have been making most of my savings in gold since 1981. I keep hearing of inflation but the fact is, spending power of my savings has risen substantially in the last decade. Now that we are moving into actual deflation I expect the value of my savings to take an even bigger jump. Don't get sucked into the "deflation is bad for gold" scam. Your gold will outperform almost every other financial product once the deflation really sets in.
Another big plus is that my savings are real specie and outside the financial sector.
BTW.... I would have bought gold in 1980 but I was only making a little over minimum wage back then and could not really afford it. Lucky me I guess.
I have some university courses but once I knew what I wanted to do and realized higher education was not a big part of the program, I got out. Too many are in university or college only because they don't really know what else to do.
But but but..
Their precious self esteem would suffer horribly if kids got honest grades and didn't go to college
The REAL problem is we live in a society that's neurotic as hell !
Ha! Ha!
Only the truly skilles should invest the monies to attend collage! I personelly attendedded the Univercity of Fenix where I was matriculated with not one, but 2, degrees! all for low studant loan of $90,000.00 I know now know cosmology, electrical engineering!! I come your house give manicure, fix table lamp! Same Day!
As always, thanks you very much, Univercity of Feonix!
Carl's Jr. Machine: Carl's Jr. Fuck you, I'm eating. Welcome to Carl's Jr. Would you like to try our extra big-ass taco?
Why should we be surprised that most kids today are making bad decisions? They were raised by only a mother, a daycare that doesn't really care, and a blaring TV set. Everyone around them is a sheep who believes the marketing thrown at them from every direction.
No wonder companies are flooding our cities with H1Bs from india and china. Who'd want to hire the useless dumb asses coming from the US school system? They can't even flip a burger without fucking it up. Bring on the robots.
It´s Feenicks not Fenix! Maan, diddnt you lern anythings?
Sadly enough, its hard to tell nowadays if such language is written by a foreign non English speaker or an American college kid.
Really.
I know. I work with college degreed sheeple who think one woman is a women.
...some tards live kick ass lives...my first wife was a tard...she's a pilot now....
um . . . .which airline?
I'm guessing either Malaysia Airlines or Germanwings.
Did I fly with her yesterday?
ha weere not clay
moran
Apparently Gazooks didn't get his "degre"!
Great comment J S B!
I am also tired of hearing about 'the jobs americans don't want to do anymore'. WTF kinda of assanine crap is that!
The same asinine crap you hear all over the media, lies designed to confuse, to make the peons feel useless & blame them as the reason why we are getting bent over by the robber barons...
Nevertheless, the elite plan to collapse America & other colonial nations, that's why they are abandoning ship @ record numbers, they are now moving into other countries, and setting up shop, preparing those countries for their inevitible collapse as well. The curtains have flewn back, the big show is about to begin, and something tells me we are about to see the biggest war the world has ever known, but the real shocker is, the enemy is going to be the US / UK / Europe. (After all, you can't just go around acting like you're untouchable, killing, bombing, and stealing, as if there is no God and there is no reward for your actions, because that's just NOT true.)
Sorry.
The facts don't back your argument.
Either that, or God's dragging his feet for 100 years while we stuck our nose where it doesn't belong.
God? Are you talking about the Ghost that drowned every living thing that couldn't float, breathe water, or had a blow hole? That's the one I heard about that took Noah and his family and re populated the world through incest, I believe.
That God won't hunt. I think the Deists have God figured out. If he does exist he sure as hell ain't intervening in this shit. If he is, he's more fucked up than Jeffery Dahmer, but not as fucked up as The Bitch of Buchenwald, Hitlery, nor Jebbie either for that matter.
They never complete the thought: "jobs americans don't want to do anymore because they have joined the FSA."
I heard that same thing recently. You hear it a lot in farm country. I replied that its not that Americans wouldnt do those jobs, - they just can't do them for the same money that people sharing a shack-of-a-trailer with two other families, while hiding from immigration would do them.
And I suppose they say Americans wont do manufacturing jobs. No, not at Chinese slave labor rates.
You are right that they can't do it for the same money. The problem that I have is that the elites have been using the "don't want to" as a way to brainwash us into believing that many jobe are 'beneath' us.
Heck, even Walmart employees have a gardner these days. What the hell is wrong with cutting your own grass for Kryst sake?!
Not just that the jobs are beneath them - it's that they're *above* the jobs. A direct consequence of the fake self-esteem movement where no one fails and everyone gets a trophy.
People know when they're losers. 'If I hire a gardner (buy an Iphone, new car, new house, 'designer' clothes, pay $140k for a worthless degree from University of Phoenix/Hillbilly College), I'm a winner.'
When they take their - at best - place behind a Walmart cash register, we get to hear them whine, demand middle class salaries/lifestyles and college loan bailouts.
"A direct consequence of the fake self-esteem movement where no one fails and everyone gets a trophy."
In case you haven't seen this. Check out Adam Corolla's rant about it.
https://www.youtube.com/watch?v=XeZ1OgJnE7w
Classic!
One of my favs!
omg I took the words out of his mouth!
Thanks - that's a good one.
Spot on. My only quibble is the use of 'egalitarianism' instead of 'delusional fantasies propounded by race-baiting statists.' But admittedly your way is more succinct.
The US 60 years ago was a terrible place filled with poverty, income inequality, racism and bigotry, and was all in all awful unless you were a rich WASP man (sorry no offence just how things were). People also didn't enter college based on their merit as you seem to suggest, but rather based on their affluence and their social and political connections.
Of course the present situation isn't great, but the 1950s wasn't that good either. The main reason why America's economy developed at the time was that other countries were still trying to recover from WWII's destruction. Once they did recover and they started to accumulate gold the US almost went bankrupt, which lead to Nixon lifting the country from the gold standard and imposing the US dollar as the world's reserve currency, which ultimately allowed unfettered credit creation leading to where we are today.
"...a terrible place filled with poverty, income inequality, racism and bigotry"
I see you rather deftly turned to page 69 of the Democrat Talking Points handbook, version 2.0 Very good... And even a reference to the 1950's as well. Dude, you're on a roll...
You seem to be the troll or just an agent intent of diverting the topic into a repub vs demo thing. He never brought politics in regards to one side vs the other.
about 1965, west palm beach florida, blacks that lived -across the tracks- the only place they could live, if they tried to go to the hospital, they were refused. Unless they had enough money. And they would die in the parking lot.
Awww, boohoo, poor negroes, they die in Africa too. If only Bono were made Supreme Progressivus of the NWO we could put a stop to that.
It's obviously the White Man's fault that blacks live in poverty, or can't build a hospital. So now blacks get your money to destroy your neighborhood, and they get your money to go to the hospital.
And what did you get for it? "Vibrancy: it's got electrolytes."
Conseulo, he was an AD on the movie "Pleasantville" where Hollywood proved that traditional values in the 50's were boring and stupid . Please get with the new multicultural program that is working so well.
If it was so terrible, then why was there a larger black middle class as a percentage of the total in the 50's than there is today?
Read some Dr. Thomas Sowell to find out why. The answer is racism alright, but not the kind you think.
I grew up in the 50's. Looking back it was a breath of fresh air. America has been going down hill since the mother had to go to work to have the same things their husbands pay could afford before. Right there is the spring head of the downfall of America because then came the credit card when two earners were not enough.
If you are young, walk away from the trip you see going on. If you are still in your mid forties you can get back to the 50's by just getting small. Move away from expensive property tax. I can not believe what people will pay in property taxes and do it over and over.
They will still fuck you on property tax. Went rogue in 2008 and built a $17,000 pole barn off the grid on a rubbish tip in a flood plain next to the river. The State appraised it at $75,000 and charges me $2500 a year with a surf slave extortion property tax. They are so desperate for money they will tax anything, even the 6x5 shed that I keep my generator in.....
The only way to get them to go away is stop feeding the beast and shoot their sycophants.
The main reason why America's economy developed at the time was that other countries were still trying to recover from WWII's destruction. Once they did recover and they started to accumulate gold the US almost went bankrupt, which lead to Nixon lifting the country from the gold standard and imposing the US dollar as the world's reserve currency, which ultimately allowed unfettered credit creation leading to where we are today.
The US Dollar's institution as the World Reserve Currency began in 1944 at Bretton Woods....before the end of World War II.
Nixon did not impose anything. He DEFAULTED when he "temporarily suspended" Gold-Dollar redeemability o Sunday evening, August 15, 1971. Paul Volcker engineered that and was responsible for that.
For two years the Financial World went o and pretended that the redeemability would somehow be restored. Because of the promenence of Dollars in Foreign Central Banks the continuance was assured that the US Dollar would be temporarily maintained as the IMF and World bankers sought a solution.
Henry Kissinger created the Petrodollar to take the place of the Gold Dollar using OPEC Oil Reserves for backing. in 1973.
You have an extremely distorted sense of history as you are obviously ignorant of the facts.
No the USA was not overly affluent until the 1980s when we began to live well over our means by borrowing everything which the World had to offer and paying nothing in return. The Saudis were left holding the bag and began depleting their Oil Reserves to support our lavish lifestyles.
It is sad that you have no idea of the magnitude of your own complicity. But you are about to get a real taste of the consequences of that complicity.
Hope that you have enjoyed your party as it is coming to a shocking end.
Let's not forget the U.S. Military's role in backing the dollar. They offer protection to "friends" whom accept dollars in payment , and they threaten those whom might refuse to accept them.
@ JS Bach, logged in just to thank you.
We also spend more resources on "educating" the bottom 5% of our school children, while the middle is left with feelings of failure and confusion when they don't fit into the top 5%, and School Board's, pre-set holes.
Educating the unlearnable, to work at jobs that no longer exist, we call this necessary and needed.
Insanity surrounds me, and I'm the one called names.
In the 70's the US Military considered an American with a High School Education to be potential material for their advanced electronics, language, code, nuclear and other of their highest level technical fields. In boot camp you took a battery of tests lasting several days. Half way through boot camp those who finished in the highest 1-5% were interviewed further, and about 2-3 men from an 80 man company were chosen to go into one or the other of these rates. If you agreed to enlist for 6 years total.
My only point is, in those days a smart high school grad could and was trained at the highest technical levels. College grads became engineers, high school grads became technicians. We went to a school for two full years, 8 hours a day in class and labs, 12 months a year, no vacations. The military would produce people able to maintain, operate and repair the most advanced electronics systems on earth. High School Grads!
Fast forward to 2015. I would be willing to bet the military would need 100 college graduates to find 1 person capable of going through the advanced programs, say to operate and maintain a submarines Nuclear power plant.
As a side note. I talked to a former Soviet Naval officer in the 90's. He operated a Soviet Missile Cruiser's Radar systems. I told him that in the US Navy, enlisted men do that job, all radars, sonars, communications electronics, nuclear power plants, they all have enlisted sailors do the operation, maintenance and repairs. He was pretty blown away. The Soviet Navy thought these technical fields required a university, or academy trained Naval Officer.
My point is. People who went to High School in the 60's, needed no college education for high level skill jobs. I know for a fact, that my High School began to nose dive in it's educational standards and teaching levels in the 70's. From what I hear, by the early 80's, my old high school was producing a lot of idiots, and that 2/3 rds of grads went to college.
I am a Chemical Engineering grad, no ROTC due to JUCO, and went to Campbell for Basic, Sill for electronic equipment repair, MOS 31 B 20. The Army fixed the dumbed down problem, they replaced the ANGRC 9 and ANVRC 9's with small modular radios. It breaks, put each of the 10-12 modules in a tester, green is good, red is bad, plug in a new one, good to go. A chimp could do it. Plug in and go to the PX for a beer to celebrate pure genius.
The electronics training was great, instrumentation in refineries and chemical plants was duck soup.
Jack, you nailed it. In the 70s/80s schools were no longer allowed to segregate kids, based on skill level and behavioral issues. That caused the dumbing down, because now the class retard had to keep pace with the normal kids.
At the same time vocational training was dropped. Somehow, not forcing every kid to college became racist.
So ummm.....like Dude...ummmm...did you explain to the Ruskie that POTUS required gender neutral heads (that would be bathrooms for the uninitiuated) on the new aircraft carriers to "level the playing field." You know....like so when the ...like Ruskies attacked our carriers...the men - just like the women - would have to be sitting with their pants about their ankles and couldn't get up on deck as fast as when the were standing to pee.
But you know....like...men are pigs. They always pee on the seat. Women hate that. (So do I.) So I would like...figure that...you know...Hillary would have drawn the line at that gender neutral crapwhen it came to the toilet seats. Placing bets on how long Obama's gender neuttral bath exists should Hillary take over.
Exactly, how many of those degrees are in Womens Studies, Art History, Black History, Transgendered Studies, and the list goes. So now the tax payers on on the hook for billions of useless college graduates flipping burgers. College degrees in the hard sciences still matter. I think.
hmmm, lots of unemployed commentors today, ha the irony. zh. land of the haves or have not doomers. sarc flip flopping, ha...
If you don't like the content here, you can always leave. Do you need help finding the door?
And maybe they are working full time and are just fucking their boss out of a few shekels by loitering on the intertubes. Us hs grads running our own business can feel good about fucking ourselves, we did build that.
hear, hear.....
Screwing my boss good right now. Wait, I am my boss? WTF?
That's right, you pay double FICA, you are double screwed. Not to worry, they will pay twice the SS a few years before you croak.
Do not believe a word of that double pay, Herd knows the routine. One serious bit of advice for you younger ones. Do NOT WAIT UNTILL 65 to start drawing. A lot of people won't make their first draw before the formaldehyde hits their body. No one guarantees tha the holy grail will still be in play when you get to 65.
hmmm, lots of unemployed commentors today, ha the irony. zh. land of the haves or have not doomers. sarc flip flopping, ha...
And as the statist which you are you believe that someone else has to employ you?
Do you know what a JOB actually means? Just Over Broke
Many employ themselves and sometimes others, idjit. Some may actually do this in the Grey Economy, the Free Market.
(Back to my army of Homeless...someone has to feed them. One sold me a Ocean Sonar System yesterday. I do not think I will scrap that although it is loaded with Gold.)
Useless grads with useless degrees there most certainly are. Many should have just become factory workers, but, alas, the factories are gone.
But even engineering degrees are often useless when US companies are allowed to hire cheap Indian labor in place of American computer engineers. There is no shortage of them, BTW.
My brother is a senior engineer with a major software company ..not Microsoft.. he saw a list of engineers .. out of 300 names.. only 7 were anglo sounding . the others were Chinese.. Indian.. or in a few cases Russian or East Euro names... not to mention he knows most of them . and 90 percent on the list are foreign born.
My brother in law works for Boeing. They are hiring every foreigner they can on work visas and paying them as ittle as they can get away with.
Wage arbitrage my friends.
But no worries, with the Tran-Pacific butt-screwing we will be seeing a bit more diversity in those employees.
Still won't be our friends and family, but hey, progress bitchez!
+100! Tran-Pacific is about to hit the labor markets like a run away train! People are going to scream Uncle when these laws hit the books. Corporations will basically become Demi gods, able to subvert any labor law or professional association there might be. Governments can and will be sued for any legislation having to do with free labor movement. A professional ANYTHING, will be able to walk into America and tell the bosses, "Here I am, and I work for less". Go to India, imagine how badly any trained Indian would want to use free movement of labor to get into the USA.
American workers and professionals are sleep walking to a total collapse of everything they thought Labor Markets were.
Yep, I saw this coming 25 years ago when I started working. Saved everything I could as a defense. Now I'm going galt at age 50. It's been a good life, and now fun time is all day every day.
Watching all my co-working sheeple struggling to make payments on every stupid thing you can imagine. They'll drop dead in their cubicles clutching their beloved iphones.
It's a woman's world?
Indeed! And if said woman also has youth and some measure of beauty, she is basically in command of the world. If she happens to be smart enough to know her powers and use them.
Funny how degree sought in terms of future earnings has no bearing on the approval of student loans.
GOVT BACKSTOPS ALLLLLLLLLLLLLLLLL
BANKSTERS MAKE BILLIONS
Bankster make billions
Bankster peons make millions
Politicians make millions
Bureaucrats make millions (look at guaranteed lifetime pay and benes)
For Profit College Owners make millions/billions
College/University Administration make billions.
Paid for science that continues our destruction of our very health makes billions.
EVERYBODY makes billions and millions except those of us not connected, or that have to eventually pay for it all. Oh yeah, and the kids, they don't get it either unless they luck into one of the other, shrinking, great paying gigs.
This is what passes for an economy and our future. We are in such big trouble when the delusion starts blowing away.
Lest we descend into Idiocracy ourselves, I should point out that this was all by design. The government knew what they were doing. You see that "hockey stick" in the student loan chart? You know what that is? Anybody? Bueller? Bueller?
It's when the Federal Government became the only lender allowed to issue student loans (FFEL program elimintated, direct governmental loans are the only ones allowed by law from that point forward). That was 2010- a Barry Soetero idea to prop up institiutions of higher socialist indoctrination.
Proof: the cost of an average college degree DID NOT DECLINE OR EVEN SLOW ITS RATE OF INCREASE THROUGH THE ENTIRE 'GREAT RECESSION'. Even healthcare costs slowed their trajectory during that period, but not the cost of a college degree.
The student debt write-off is all but guaranteed at this point.
Cloward and Piven applied to student loans.
Is Idiocracy covered under the Affordable Care Act?
Yeah, if you are paying for it, you're a bonafied idiot.
Why would've college degrees deflated when people were hiding out in college waiting for the economy to recover, also using loans as life lines when every other available option had been denied? The reason college costs kept growing was because there was a spike in demand for education. Wheter going to college was a smart idea to begin with - well, that's a whole different story. Bottom line - demand up, costs up.
Are you a college administrator Julia?
The overhead on ALL industry has covered up the reality that the MIDDLE has been eviscerated to pay for their owners.
Those that are still benefiting refuse to acknowledge it.
For now there is a well-connected, favored, underclass supporting the elite and gifted, whom currently support the destruction because they continue to be fed scraps first.
Eventually you will see the folly, for now, believe the "supply/demand" thing when the college and universities payroll reports continue to SCREAM something else.
American dream for some, big freaking bill for all.
I say nothing to advocate the system. All I'm pointing out is that more people went to college to wait out the recession. Stupid? Yes. However that only allowed the institutions to jack up prices more. Cash went to self-serving bureaucrats? Yeah! What else you'd expect. Every industry's a scam. Education is no exception.
Want things to change? Stop giving them money. Stop borrowing to feed their crack habits.
There was a time when the idea of college being unaffordable was alright. You or your parents have money? You go to college! No money? No college!
These days the issues of affordability, time preference or return on investment don't even come up. You want to go to college or university - you go. Since high school I've been pressured to pick a path. Well, guess what, I did go, I did borrow because my family was dirt poor and I did land with a job in a related field that allowed me to pay off my debt in the first 2 years. However, along the way I've seen most people I graduated with return to their McJobs that they could've been at without going to college and with $20k+ less money wasted. I've also seen talented people in my industry with no education - completely self-taught. If I had a second run at it, I would've followed their path instead that wasn't even presented to my-highschool-brainwashed-self.
I remember my high school economics class where I had to budget for college. I did my homework and very honestly ended up with a ton of negative numbers. I even did an expense chart where the line dipped into negative and stayed there for the entire duration. The teacher looked at it and said: "You can't have a negative balance! That's not right!"
My mistake was that I naively assumed I'd have to go through college without borrowing money. Silly me! And I guess it wasn't politically correct for the instructor to tell me: "You'll have to borrow. That's what everybody does." Yet here we are. I know kids to this day are going through the exact same process - pushed into higher education whether it's needed or not.
In addition we have mass layoffs still going on, so people who used to have jobs go back to college, or scam the disability system to make ends meet. The question of value never even comes up. You want money? You get money. Short term gain, long term pain.
Today on "Ow My Balls!"...
In some parts of the world it is already here.
indeed, like in the U.S. of A. ...... where the fascist have the latest in how to control the populi
with military might (despotically of course)
the WORST of both worlds....
~"In some parts of the world it is already here."~
All you have to do to see that is watch a Watter's World segment on the O'Reilly Factor. We are raising a generation of village idiots. (Isn't that what Hillary said it took? It takes a village idiot or something to that effect.)
As if there was need to prove the point: Here's a link to an 8th grade test from 1912 that 90% of college freshemen today couldn't pass.
http://www.bullittcountyhistory.com/bchistory/schoolexam1912.html
Hell, I bet 90% of the people inside the DC Beltway couldn't pass it. I guess that's what we deserve when we abdicate the education of our children to unionized government workers.
Zero Hedge complaining about Idiocracy is like Bronx crack dealers complaining about drug addiction. Fuck you, TD!
I'm not sure what people like you Mr Gordy even show up for? To shit on the floor or what? One thing I do notice though, is that you're a fucking moron.
the early dumb fuck comment of the day goes to?
pick me...pick meeee!
if he shits on the floor then he is a govt worker:
http://www.9news.com/story/news/local/2014/06/25/epa-appeals-to-its-work...
At least free speech is still allowed somewhere!
State Department trolls are being trained to change the subject when they have no counter argument. The first troll tactic is to denigrate those he seeks to troll. Then to move the subject away to a false argument set up by the troll as a distraction.
So now we are all to argue the intelligence of ZH readers, instead of the college education problem in America.
The problem is, you need a college degree today merely to prove to an employer that you can (probably) read a write. Lower high school standards are partially to blame for that. Kids are forced to take college, at an ever increasing cost, just to reach that low benchmark.
No one forced you into the click. Are you a lowest common denominator type, too?
Gee, what happened 2008-2009 to cause the exponential climb of the curve of gubmint and student loans... it couldn't be because of the fudgepacker, could it..... naahhh, no way.....
Best vanity plate I ever saw was on a Corvette in Daytona Beach during spring break (must have been about 20 years ago now), it said -
'Thanks Dad'.
I still like that bumper sticker that says, "My other car is a piece of shit too."
I met a railroad equipment broker once. His bumper sticker said "My other car is a Pullman."
Dave: Which reminds me of the unfortunate lettering seen on many Toyota trucks:
"TRD"
Who was the numb nuts that thought up that one!?
Takahashi Ryuku Datsun.
You pay for what you get...
Japanese people who speak ESL probably. Or just corporate people who don't think clearly about their acronyms.
Toyota Racing Developement -> TRD
Not to mention Thompson International Transits before they changed it to
national(TNT).
That was from my the sticker company I used to own...Not my biggest seller.
A top-of-the-line new Mercedes with an Eric Cantor look-alike putting gas in it: "OUR 2ND"
Gas, grass or ass. Nobody rides for free."
Only the ruthless are truly wealthy, just ask Donald Trump what he'd teach his son, he'd tell you "To become more ruthless." Because people, well, they're ignorant, truly, and the ignorant follow the assholes with all the money. Maybe this is why everyone is sucking on the gov. penis so hard?
I like the pickup truck which had a picture of the fudgepacker on the tail gate that said "Does this ass make my truck look big?"
seen once "Was His"
My favorite on a Countach way back:
"NO WIFE"
And on a REAL Shelby:
"NOTAKIT"
Saw a blue C7 corvette a few months back that said "no kids"...I think the guy's mom bought it for him.
Saw a porsche a few years ago with a plate that read "Im a jew".
Saw this on a minivan, and thought it was awesome "ICAVED"
The best I've ever seen was a Ford Pinto vanity plate that read: KABOOM.
My favorite, 6ULDV8
Anybody know what state plate that is? The guys I know with no degree who own 1000 + bhp modified Gallardo's have Montana plates to beat the taxes.
LOL! I think I know the guy who owns that car.
You know my plumber too ??
From decades back in the Sunshine State:
A Chevy Monte Carlo driven by a hot-looking lady: IN2 SNM
A Porsche 930 Turbo driven by someone who recognized the connection: WHATAVW
A top of the line BMW, after IBM offered generous buyouts: XIBMER
Funny. Noone has noted MY DICK there.
Sold it yrs ago, got 1M EVYL now.
I saw one on a old Jag that said RCHPHKR
I disagre. Much stupidity in the first degre.
I used to want a career but now I prefer collecting pay checks.
It's not how much money you have, but how you manage what you got, and you don't need a degre to learn how to manage money, but when you learn to manage people, time, and money, you will become all the more wealthy, because wealthy isn't about being rich, but rather collecting more paychecks without working for them, just like the gov. does... This is why we see pawn shops, title loans, & payday loans everywhere!
President Camacho 4 ever !!!!!!11111111
He prefers his full name President Dwayne Elizondo Mountain Dew Herbert Camacho
Only if she's 5'3".... (Sorry Clingon, that leaves you out...)
Off shored jobs, don't ya love it?
In the hooker trade I think they call it "swallowing".
Forcing the next wave of innovation via hungry entreprenuership, 'tis all. We need this every few generations, else we'd devolve into bureaucratic group-thinkers and make comparitively fewer innovations.
The strong will innovate and succeed, the weak will exit the labor force.
Is that Ap available yet? I could Beta it for you.
Some people shouldn't go to college. They simply just aren't smart enough. But we live in the equal society. So when someone with the IQ of a Styrofoam peanut goes to college and gets a degree in say...teaching, don't be surprised when as a society we get dumber. But hey, at least the collapse of society will affect us equally.
it has little to do with smart. Richest family members I have built a construction company....no college. Other family members are ivy league, great colleges..... Nothing supplants hard work and business savvy and they don't teach that. College can be great for some....but funding people for dumb degrees is a waste for all. Many a American have really good trades and make a killing. It is all about value!
The most lucrative career available to everybody is and still remains:
Salesmanship.
When you are really, really good at sales, you get into....
Politics.
college = education
since when?
It took me years to unlearn most everything I was taught in school
Let's face it, college is only for smart people.
Quit delusion
Graduated top of my class from a top tier engineering school
My real education came after
I would say over 90% of my formal "education" was bs
"Education is what remains after one has forgotten what one was taught in school." - A. Einstein
You can lead the horses to water, but you can't make them drink... Education is what you actively try to absorb, it requires effort, and practice, because becoming awesome requires A LOT of practice.
And then some of us acquire awesomeness at birth.
Bread and circuses don't promote independent thought and liberty.