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But that's a very short term solution. Because with low cost labor globalizing and moving out of the EU and US, you will either need more highly educated knowle
by t0mas88 7y ago
But that's a very short term solution. Because with low cost labor globalizing and moving out of the EU and US, you will either need more highly educated knowledge workers to be competitive or accept a bigger group in society get very low wages or unemployment.
- merpnderp 7y agoIf the workers were getting educations that were worthwhile, they wouldn't need the state to pay for them. No one cries for a doctor leaving school with $150k in loans, since their starting salary will likely be $150k. But yeah, the grandparent is right - the US's problem is non-dischargable loans which removed back pressure on schools to control cost.
- icebraining 7y ago> worthwhile Well, worthwhile for whom? Just because the student won't capture an extra $150k from his university education, doesn't mean he won't produce that or more to the rest of society.
- rayiner 7y agoThe U.S. has competitive rates of college attainment compared to European countries, especially among older workers: https://www.oecd.org/education/France-EAG2014-Country-Note.pdf https://www.oecd.org/education/France-EAG2014-Country-Note.p... (see page 2).
- wolco 7y agoHe did say UK so those low cost labour issues will not be a concern post them leaving the EU.