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>>Education doesn't lead to social mobility, redistribution of wealth does. Two random thoughts: Education is good for everybody - the poor may perhaps not ga
by benjohnson 7y ago
>>Education doesn't lead to social mobility, redistribution of wealth does.
Two random thoughts:
Education is good for everybody - the poor may perhaps not gain on the rich, but their quality of life will be better than their similarly poor parents.
Severe redistribution of wealth can have second-order effects : people stop working and producing if too much of their labor is taken from them.
- Mikeb85 7y ago> Education is good for everybody - the poor may perhaps not gain on the rich, but their quality of life will be better than their similarly poor parents. I'm not in the UK, Canada rather, but our generation is more educated than our parents' by a rather large margin, yet we're the first generation that's going to be poorer than the previous. Not sure this is progress. While we have computers and cell phones nowadays, buying a house and raising children on a single income is a pipe dream for most. Wages have stagnated in a bunch of industries. Yet the rich get richer. > Severe redistribution of wealth can have second-order effects : people stop working and producing if too much of their labor is taken from them. I did mention that, and yes it does. Hence a middle ground.
- flogic 7y agoPeople deciding to stop working is a good thing. It means they have market power and potential employers need to take that into account.
- throwawaycanada 7y ago>Severe redistribution of wealth can have second-order effects : people stop working and producing if too much of their labor is taken from them. I guess the key is to only take from people who do absolutely nothing.
- perl4ever 7y agoTaking from people who have absolutely nothing might be a flawed plan...