I blame much of this on the parents and our education system that encourages every kid to attend college.
So more Americans will start taking the bus or move somewhere that a car isn't required. Not the end of the world.
Is some somebody with a libarts degree really all that educated? Enough so that society is benefitted massively and they contribute all that much more?
No in my mind and I am a big supporter of education.
Getting a libarts degree can't fix stupid. World needs ditch diggers
Is some somebody with a libarts degree really all that educated? Enough so that society is benefitted massively and they contribute all that much more?
No in my mind and I am a big supporter of education.
Getting a libarts degree can't fix stupid. World needs ditch diggers
I agree, it is about drive and intelligence. We shoved all round and square pegs into a round hole and hope that all find round hole jobs. They don't and the education is wasted.I heard someone say that at a party I was at around 8 years ago, I then asked them what they did for a living and they told me that they were a bank teller or some crap like that, but still insisted that a liberal arts degree was better than a STEM degree.
Personally I think it's all about the drive that a person has, I know some really dumb people that have Electrical Engineering degrees, and I know a guy that has an Aviation degree that is doing very well as a network engineer.
IMO, the success that we've experienced as a nation over the last 100 years is having a negative effect on our mindset. Think about how immigrants view work compared to many Americans. Immigrants will work 100+ hours a week, because they know that they are very fortunate to be able to be in America where anything is possible. They have that immigrant hustle. It's one of the reasons why they are 3X more likely than native Americans to be financially successful.I agree, it is about drive and intelligence. We shoved all round and square pegs into a round hole and hope that all find round hole jobs. They don't and the education is wasted.
We need a germany style system and put the pegs where they belong.
I agree. Part of that is because the government is willing to step in at any point. Also, the labor market is being twisted by illegals. There is a certain hunger that parents and the government have take out of kids. The difference between those with the hunger and those without is palatable.IMO, the success that we've experienced as a nation over the last 100 years is having a negative effect on our mindset. Think about how immigrants view work compared to many Americans. Immigrants will work 100+ hours a week, because they know that they are very fortunate to be able to be in America where anything is possible. They have that immigrant hustle. It's one of the reasons why they are 3X more likely than native Americans to be financially successful.
Many Americans on the other hand expect to go to college, easily find a job for $50k, do as little work as possible, go on vacations, have retirement, house, 2 cars, etc... Typical stuff of the middle class.
Americans then get jealous when they see a foreigner become financially successful. Like, they should be rich too. My parents were small business owners. We had a summer cafe at the shore in a very wealthy area. They had to give up on hiring locally because all they got were complaints.
"When can we go home."
"Do we really have to work weekends? Holidays?"
"Can I take off today? Why not?"
My mom said enough and hired Romanian college students. They were amazing They would come in 7 days a week, and work 10 hour days. My mom paid very well. $13-15 dollars an hour. Depending on how long you stayed with us. They had hustle and knew the importance of money.
Lending is a two way street. Both parties should take equal responsibility.Additionally - blame the Lender and our nation's Bankruptcy laws. When you loan money, you are taking a risk that the loan will not get paid back and could get discharged in bankruptcy.
Perhaps entities (the federal government and private banks) that issue student loans need to be more careful before just issuing loans willy-nilly like.
This is a very sad outlook. You are effectively "okay" with America regressing. Debt on new workers is large now, as we've discussed, but the worrisome part is that there is no reason to believe it won't stop increasing at a rate far higher than inflation. This generation is $30k average debt out of school while the next may be $50k then $70k. Where does it end? Education costs need to come down. I'm not necessarily advocating for more government support, I'm advocating for less student cost. IMO, this can best be realized by a reshaping of the way a degree is earned and expectations of the college experience.
I'm a firm believer that being comfortable is one of the reasons why many young people are doing so poorly today. How do you get motivated when you spend the majority of your day on a nice comfy couch binging on Netflix? Why should you even strive for a better life when you're still living at home at 30? You have free rent, an Xbox 1, huge flat screen TV, a car, and you have food whenever you're hungry. No wonder many young people are unmotivated today.I agree. Part of that is because the government is willing to step in at any point. Also, the labor market is being twisted by illegals. There is a certain hunger that parents and the government have take out of kids. The difference between those with the hunger and those without is palatable.
We are victims of our own success but it doesn't help that
Came across this lady who moved from South Africa. Now works in a field where she can see how much student and other kinds of debt people have. She was absolutely astonished and incredulous at the amount of student debt people have here in America, and also the time they have had the debt. She was saying there is nothing like that in South Africa.