...so when does the student loan crisis hit?

Discussion in 'Politics & World News' started by BurlyShirley, Jun 1, 2010.

  1. jimmydean

    jimmydean The Official Meat of Ridemonkey

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    I was impressed with how they did it in Australia (or how I understood it, anyway). At the end of high school, you are tested. Ditch diggers go to ditch digging school, engineers go to engineering school, etc. Pretty much everyone goes to secondary school to learn SOMETHING and there are employers with those needs waiting for you to finish.
     
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  2. Jm_

    Jm_ Turbo Monkey

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    What is I want to be an astronaut?
     
  3. jimmydean

    jimmydean The Official Meat of Ridemonkey

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    Score high enough to qualify for space camp? Not sure Aussie's have much of a space program. If you want to do that here, you'l likely have to wait at least 4 years. :rofl:
     
  4. mandown

    mandown Poopdeck Repost

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    Proof you wouldn't test high enough, or that you'd test too high.
     
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  5. mandown

    mandown Poopdeck Repost

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    image.jpeg
     
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  6. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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  7. mandown

    mandown Poopdeck Repost

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    Interesting. Consider the impact of automation on production. The machines may have eliminated jobs which would've been filled by people, in years of old. Functions which were critical and required a human. We are moving toward the singularity, and this is the cost.

    There's also outsourcing to other countries, which wasn't an option in the way-back machine.

    Production costs may get cheaper, but retail prices may not drop in proportion. So you eliminate the job, and still produce the product. Now you have a profitable product with fewer who can buy it. I believe Mr. Ford started paying his people more so they could afford his cars. Wonder when that will happen.
     
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  8. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    Socialist. :disgust:
     
  9. mandown

    mandown Poopdeck Repost

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    Ouroboros-ist
     
    #249 -   Jan 14, 2017
    Last edited: Jan 14, 2017
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  10. DaveW

    DaveW Space Monkey

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  11. johnbryanpeters

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    trumpkin?
     
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  12. jimmydean

    jimmydean The Official Meat of Ridemonkey

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  13. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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  14. Adventurous

    Adventurous Starshine Bro

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    Qualifier: I am a white, male, college educated member of the millenial generation who is, by my own estimations, within the upper quintile in terms of financial situation. Perhaps I don't have the right to complain or judge, but I'll throw in my two cents anyway.

    While I acknowledge that there is little I can do to change the course of the world economy, I'm very concerned for the members of my and upcoming generations without a dramatic shift in attitudes. The pace of innovation has delivered some incredible gains in productivity and some seriously cool stuff, yet while the innovation benefits the whole, the economic benefit is disproportionately biased towards a smaller and smaller group of individuals. Economists posit that throughout history technological advances have simply shifted jobs from one sector to another, and maybe they will, but I have a hard time seeing how the rise of automation and computers that are able to proficiently complete complex tasks can create these alternate opportunities for an ever increasing population. I consider myself an optimist, but the realist in me sees a future that is more bleak for the general populous in this country.

    I think that is what stings the most about the election of Donald Trump. I feel like the older generations sold our futures for a little slice of the past that is never coming back. The only way is forward and the one candidate who had the guts to recognize this was an old guy who was too radical for the establishment.
     
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  15. jonKranked

    jonKranked Press Button, Receive Stupid

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  16. SkaredShtles

    SkaredShtles I love NEWCASTLE and will ONLY drink NEWCASTLE!!!!

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    Don't sweat it, man - EVERY generation has had a similar lament... and it won't be nearly as bad as you fear.

    Or maybe yours is the generation that will FINALLY pay the price.

    Could go either way from where I'm sitting.

    :homer:
     
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  17. jimmydean

    jimmydean The Official Meat of Ridemonkey

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    The issue is automation replaces X number of jobs that used to be manual. But designing/building/running the automation creates Y number of new jobs. X>Y for sure, but the level of education, experience, knowledge to design/build/run the automation is higher than the manual job it replaced.

    This goes back to my GMT point of finding a slot in STEM or a trade moving forward for the next gen. As automation grows, the high paying low education jobs are what they replace first.
     
  18. Adventurous

    Adventurous Starshine Bro

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    Relevant to the conversation:

    https://hbr.org/2015/06/the-great-decoupling

    X will most definitely be greater than Y. I'll be curious to see if I'm around long enough to see the era when the machines begin to design machines. We'll invent ourselves out of a purpose.
     
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  19. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    X-post to the bro-dozer bubble thread.

     
  20. Jm_

    Jm_ Turbo Monkey

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    I'm thinking of buying an airplane now. That'll fuck me over.
     
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  21. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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  22. Westy

    Westy the teste

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    Just be rich and you will not be affected
     
  23. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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  24. Toshi

    Toshi Harbinger of Doom

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    $200 or so actual savings on average per that article. One of the most worthless of the deductions out there.
     
  25. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    I don't know a single teacher working at my wife's school who wouldn't gladly take that 200 dollars.

    Edit: plus, the amount is almost beside the point. The plan is to take however small amount from a teacher, nurse, park employee, whatever, with a stack of student debt and given it to hedge fund operators and Walmart owners. That's kind of fucked up.
     
    #265 -   Nov 4, 2017
    Last edited: Nov 4, 2017
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  26. Westy

    Westy the teste

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    Someone think of the children who can't inherit the full fortune of their millionaire parents.
     
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  27. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    Can't hardly afford to hang on to grandpapy's monocle.
     
  28. Westy

    Westy the teste

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    And then we have the audacity to further tax them another whopping 15% on the additional money they make from being rich.
     
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  29. mandown

    mandown Poopdeck Repost

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  30. mandown

    mandown Poopdeck Repost

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    12 million taxpayers coughing up an average of $202 is $2.4 billion dollars moved into the government hands. Add in the 1.4% tax they want to pop on the endowments. Gotta wonder where all this cash is going. Feds raked in $3.2 trillion in 2015 tax revenue. So $2.4 billion more seems pretty insignificant.

    No taxation without representation. Sounds like the working class must be in store for some extra special representation in the near future.


    Edit - I was gong to delete my poopdeck requote, but I think it's funnier if I don't.
     
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  31. mykel

    mykel Turbo Monkey

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    In whose world is 450 large middle class?
     
  32. DaveW

    DaveW Space Monkey

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    In the 1%er's world?
     
  33. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    When America is Great Again, I assume I can count on you to hook me up*?


    *With a tax shelter, not some damn meat hook, thanks.
     
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  34. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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  35. stoney

    stoney Part of the unwashed, middle-American horde

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    On this thread...

    http://www.motherjones.com/kevin-drum/2017/12/raw-data-the-sp-500-price-earnings-ratio/

    Those orange lines are the beginning of recessions.

    http://www.motherjones.com/kevin-drum/2017/11/chart-of-the-day-the-us-economy-has-finally-caught-up/

    Remind me again what this new tax bill is supposed to be supported by? Right... 4% growth. FTS.
     
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  36. stoney

    stoney Part of the unwashed, middle-American horde

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  37. mykel

    mykel Turbo Monkey

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    ...winning?
    #maga?
     
  38. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    I just need to have my house paid off before the bottom drops out so I can pick up mountain properties on the cheap. Think we've got 4.5 more years?
     
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  39. mandown

    mandown Poopdeck Repost

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    Debt free. Rolling along and watching the horror show.
     
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  40. SkaredShtles

    SkaredShtles I love NEWCASTLE and will ONLY drink NEWCASTLE!!!!

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    You'll have at least that much for the crash and then the lagging real estate tumble. I'm not sure what that lag is, generally, but I think you should be good.