361–370 of 370 posts
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Where are you buying rental houses for $42k?
Inner city. There are always cheap rentals if you look around. I'm landlocked with no beaches. This helps costs tremendously.
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Both of these are ludicrous. The salaries for my school are public, they are for all public schools (that I've looked at at least). I can tell you from the data from my school the administrative costs have gone up substantially. Both from number of administrators increasing significantly. The average administrative staff wage is over 250k (I know that's not a lot in tech salaries, but that is HUGE where I am. Cost of…
Congratulations, you have disproven statistical evidence by providing an anecdote.
I know your comment sounds witty, but it is lacking real value and really adds to the problem at hand. Surprisingly things are extremely nuanced and we try to just point to "simple solutions" we generally make the problem worse. Frankly because we are not considering the system and distracting ourselves from solving the problem (calling it done when we've only just started).
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> It’s self-evident that if those college graduates who are underemployed had chosen different courses, then the problem would look quite different. Not only is this not self-evident, it defies common sense and economics. If more people take professional degrees then the supply of those degrees increases and salaries decrease (and we're back where we started). That is, if there are enough professional jobs to go arou…
Your anecdata doesn’t add much to the conversation, and you seem to be relying on a particularly extreme interpretation of what I said. It’s a fact that there are many skilled professions where we have labor shortages. If more people (I never said all people) had chosen to study in those fields, then they likely would not be facing underemployment. Unless you want to disputed the existence of skilled labor shortages,…
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I don't think US population increased 14% in the last 15 years (even the world is barely 16%).
But people out of poverty and into middle class around the world has.
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I don't think someone that is 17-18 should be referred to as a Child. I do think the Universities should do more to disclose the likelyhood of working in a given profession based on their degree path... however, realistically, the individual bears a lot of responsibility. Aside: based on some actions/headlines that consistently pop up in news articles (most recently Oberlin)... maybe we should start treating them lik…
Someone at 17-18 can be mature... but the US school system and the general culture around how teenagers are handled doesn't do much if anything to actually encourage that. It's entirely possible for people going into college today to have had zero opportunity to pick their own classes, manage their own bills, or have any real control of even the tiniest career up to that point, which is exactly the worst context to c…
Beyond all of that, PARENTS should be raising their children. They seem to be too concerned about protecting their kids, instead of letting them know in deep specifics how bills/finances in the home work. There's no reason a 10yo can't sit with you when you pay bills, or look at a spreadsheet that outlines things.
It doesn't even take THAT much... I have most of my paycheck going into an account that bills get paid out of... most are set to autopay, except the largest ones (house/car payments). Every two weeks, when I get paid, I sit down and pay those bills due. The rest of my paycheck goes into an account that is for day to day expenses, and that's all I get for it.
In the end, it's not JUST the schools that are responsible for raising children, and the (US) government doesn't do a very good job of most things. Raise your children people.
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I have 50 decades of life and work in tech. You tell me ?
Look, Methusela. I doubt you were working in software in the 1500s.
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Your anecdata doesn’t add much to the conversation, and you seem to be relying on a particularly extreme interpretation of what I said. It’s a fact that there are many skilled professions where we have labor shortages. If more people (I never said all people) had chosen to study in those fields, then they likely would not be facing underemployment. Unless you want to disputed the existence of skilled labor shortages,…
There is no doubt some salary gains to be made by a small percentage of people choosing to go into professional programs (as I said above), but it's really besides the point. The main issue is that there will still be a large number of students who can't benefit from this strategy.
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1) if it does turn out to be true that we need "fewer workers", that's great, we just move to a 30-hour work week (or 20, or whatever). We once had 6-day work weeks, or sometimes even 7, and it was productivity gains that allowed us to move to 5. We can move again. 2) But, I'm not sure it's even true. We mostly got to where we are by having all the manufacturing done in 3rd world countries for pennies. It's not that…
I like the idea or shortening the work day, unfortunately the commonman jobs are the ones being automated out of existence. There will only be a smaller percentage of people who can actually do the majority of the jobs. Education may help some with this but only to a certain degree. The days of assembly line work are nearing an end. I don't know what will happen to the population who are unable to work, perhaps more…
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There is no doubt some salary gains to be made by a small percentage of people choosing to go into professional programs (as I said above), but it's really besides the point. The main issue is that there will still be a large number of students who can't benefit from this strategy.
For that to be true, there has to be too few skilled employment opportunities available in the entire economy to provide employment for college graduates. A position neither you nor the author of the article have provided any evidence to support.
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If this were 10yr ago I'd agree. The 80s gave us computers. The 90s gave us good simulation software and the engineers used that to build us reliable cars. The early 2000s gave us plastic interior and exterior trim that didn't rattle and fall apart in short order. Since then we've tacked more gears onto automatic transmissions, hybrids have become more mainstream, sedans and wagons have been replaced with small SUVs…
Gas mileage is better, backup cams are standard (and required), the average age of a vehicle on the road is 11 years (up from 8 years in the 90s), so they are more reliable and last longer, better airbags (side curtains are standard nowadays), better anti-corrosion technology, adaptive cruise control, lane assist, auto parallel parking, partial autopilot, bluetooth standard, etc.