Come back capitalism, all is forgiven ...

Discussion in 'Economics & Trade' started by LafayetteBis, May 19, 2019.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    AGE CHANGE

    From here: Come back capitalism, all is forgiven

    Good news is good news - no doubt about that. But long-terms, one is led to wonder how the good-news can last. Howzat?

    We are into a full-fledged age-change. That is, the sort of event that happens when fundamental changes occur in the way an economy functions. As when the Agricultural Age was displaced by the Industrial Age. And, now, the Industrial Age is being reinvented into the Information Age.

    The evolution is predominant because large-scale employment in key economic-components such as "Industry" - which accounts for barely 12% of all jobs in America today - are fundamentally transformed. But why is that a key issue?

    Because the Information Age has a higher level of intelligence necessary to function properly. And, for as long as we do not or cannot educate ALL OF OUR YOUTH up to that level, then Uncle Sam loses.

    We've been confronted with this challenge before. As said above - when people flocked from Agriculture (in the countryside) into large cities where industrial-work attracted them. It was also at that time that America awakened to the fact that secondary-schooling was an absolute necessity. And it set about making secondary-schooling available in each state.

    MY POINT

    Well, here we are again, boyz&girlz, confronted by the same challenge. A post-secondary education is now necessoary in the Information Age - and so we should make it free, gratis and for nothing.

    Just like we did for secondary-schooling more than a century ago ... !
     
    Last edited: May 19, 2019
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  2. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    And this tidbit from the same article:
    It is time America did something for its poor. It hasn't changed the minimum-wage since Obama did it in 2009, adding only a bit more than Clinton had done before him. (See the history of the MW here.)
     
  3. DennisTate

    DennisTate Well-Known Member Past Donor

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    Well said!!!!

    I will start giving some thought on how to fit this in with some other ideas that I've had in mind for some time?!
     
  4. modernpaladin

    modernpaladin Well-Known Member Past Donor

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    You certainly have a point. Though while it would certainly benefit the nation to have more engineers and programmers and doctors, theres a lot of folks taking far less productive studies.

    I don't think all post-secondary educations are equal. As the holder of a BA in Fine Art, I feel qualified to say that certain educations (like mine) should not be free.

    Just tossing an idea that I've not fully worked out here: perhaps post-secondary educations should be paid for relative to their current need in the economy. Right now, skilled construction workers are in high demand and transgendered minority experts are not. Funding trade schools to train folks in building things would demonstrably benefit the economy by filling decent job opennings with qualified workers to build things, while funding more liberal artists to learn to virtue signal would not.
     
    Last edited: May 30, 2019

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