http://www.thebigquestions.com/2012/07/30/the-numbers-racket/
Where there is no property there is no justice; a proposition as certain as any demonstration in Euclid
Fools! not to see that what they madly desire would be a calamity to them as no hands but their own could bring
Unfortunately it may be inaccurate:
http://esoltas.blogspot.de/2012/07/inaccurate-consequences.html
I'm more interested in the (alleged) divergence between productivity and wages, but that may be off topic.
I've always disliked the median income statistic. Wouldn't it be more useful in combination with knowing the mean income, the range of incomes, and the number of income earners? Then the statistic does tell some relevant information. Would the mean income actually be more effective at demonstrating what incomes are doing over time better, or not?
The only one worth following is the one who leads... not the one who pulls; for it is not the direction that condemns the puller, it is the rope that he holds.
I think no matter what he hits on two very important factors in the entire matter. Firstly that benefits have been growing a lot, this is especially relevant because of the increasing costs of healthcare, but also that many new jobs which have been created in the past few decades are high-skill jobs, part of what get's me nervous about the fact that a lot of people around here seem de facto against any college education.
I think there's certainly good reason to be against college education in its current form.
What do you find most egregious about the process?
I find it egregious that most anyone can qualify for a direct loan backed by taxpayers without any discernment for their ability to repay. Seriously, what are the qualifications for a student loan? I can't think of any more worthless loans (including the subprime lending on homes) than giving an 18 year old kid with average high school grades and no direction access to thousands of dollars in low interest loans.
giving an 18 year old kid with average high school grades and no direction access to thousands of dollars in low interest loans.
When you put it that way, it does sound silly.