The Millennials can’t pay for a year’s tuition with a minimum wage summer job like the Silents and Boomers could, and they have student loans that slow down home purchases. They are the now the largest block of potential voters, they affected the recent UK election and it could happen here in 2018.
From a lot of the comments here, it looks to be the consensus that Education, Housing and even Income is the Government job? So where does the government get the funds to do all these things? And do people really think that Majors in things like Gender Studies is going to get them a job to pay the bills?
Mark, the money for college could come from a small tax (0.5%) on financial transactions. This would also cut down the lightning fast transactions that have destabilized the market several times. And when the trades involve a small country’s currency, their whole economy can be destabilized. Minimum wage is necessary; personally I think there should be a MAXIMUM wage. CEOs are not worth 400 times their average (note not lowest) employee. Put back the higher tax rates; this encourages CEOs to invest in their company and their employees to avoid the tax burden.
.Too many of our “best and brightest” are being encouraged to go into finances. Frankly, there is more value in studying gender and all the social implications over creating another hedge fund manager who pays capital gains rates rather than income tax rates on income.
@Interventor- “Before the government insured college tuition, costs were kept within bounds. Colleges continually added more things to attract students, which increased the cost of tuition. Government increased the amount it would insure. Until, we have the present problem.”
Interventor is actually on to something this time. The laws of supply & demand are at work here, as far more Americans are getting college degrees than in the past. Anyone with any sense knows you are more likely to get a decent paying job, if you have a degree.
In order to attract the best (or at least the ones most willing to pay exorbitant tuitions) colleges are funding a whole slew of things besides actual teaching. Anyone who thinks overpaid teachers are the problem makes the mistake of ignoring that most courses are taught by low paid, non-tenured teachers. High profile professors make big bucks because their names attract students who will never attend their classes. Universities spend much, much larger portions of their budgets on non-teaching administrators & non-education related amenities.
Unfortunately, Interventor thinks the solution is to make college less accessible. That’s a recipe for future economic disaster in a global economy that will continue to shift work to wherever it can be done most productively, regardless of Trump’s slogans.
Thankfully, the government got out of the business of wasting money on funding university education and research. But the universities raised their tuitions only because they’re greedy.
Mr. Blawt almost 7 years ago
Republican Utopia, if they wanted an education or a house they could have been born rich.
superposition almost 7 years ago
The Millennials can’t pay for a year’s tuition with a minimum wage summer job like the Silents and Boomers could, and they have student loans that slow down home purchases. They are the now the largest block of potential voters, they affected the recent UK election and it could happen here in 2018.
Radish the wordsmith almost 7 years ago
When the Baby Boomers start dying off in mass there will be a surplus of houses.
Radish the wordsmith almost 7 years ago
Don’t expect the republicans to help you with anything, they have their one percent to cater to.
Mark Tretter almost 7 years ago
From a lot of the comments here, it looks to be the consensus that Education, Housing and even Income is the Government job? So where does the government get the funds to do all these things? And do people really think that Majors in things like Gender Studies is going to get them a job to pay the bills?
Nantucket Premium Member almost 7 years ago
Mark, the money for college could come from a small tax (0.5%) on financial transactions. This would also cut down the lightning fast transactions that have destabilized the market several times. And when the trades involve a small country’s currency, their whole economy can be destabilized. Minimum wage is necessary; personally I think there should be a MAXIMUM wage. CEOs are not worth 400 times their average (note not lowest) employee. Put back the higher tax rates; this encourages CEOs to invest in their company and their employees to avoid the tax burden.
.Too many of our “best and brightest” are being encouraged to go into finances. Frankly, there is more value in studying gender and all the social implications over creating another hedge fund manager who pays capital gains rates rather than income tax rates on income.
Uncle Joe Premium Member almost 7 years ago
@Interventor- “Before the government insured college tuition, costs were kept within bounds. Colleges continually added more things to attract students, which increased the cost of tuition. Government increased the amount it would insure. Until, we have the present problem.”
Interventor is actually on to something this time. The laws of supply & demand are at work here, as far more Americans are getting college degrees than in the past. Anyone with any sense knows you are more likely to get a decent paying job, if you have a degree.
In order to attract the best (or at least the ones most willing to pay exorbitant tuitions) colleges are funding a whole slew of things besides actual teaching. Anyone who thinks overpaid teachers are the problem makes the mistake of ignoring that most courses are taught by low paid, non-tenured teachers. High profile professors make big bucks because their names attract students who will never attend their classes. Universities spend much, much larger portions of their budgets on non-teaching administrators & non-education related amenities.
Unfortunately, Interventor thinks the solution is to make college less accessible. That’s a recipe for future economic disaster in a global economy that will continue to shift work to wherever it can be done most productively, regardless of Trump’s slogans.
NeoconMan almost 7 years ago
Thankfully, the government got out of the business of wasting money on funding university education and research. But the universities raised their tuitions only because they’re greedy.