RadioBanter - View Single Post - It's the Economy, Stupid! (Was Ham-radio is a hobby not a service)

March 10th 04, 04:16 AM

PAMNO (N2EY) wrote in
:

In article , Mike Coslo
writes:

And the truly ironic part is that Ralph "Unsafe At Any Speed" was a
major factor in putting an oilman in the White House by dividing the
opposition in 2000. And he's poised to repeat that trick later this
year.

I heard the Green party has something to say about all this.

I betcha there were a LOT of resignations from that party when they saw
what happened in 2000.

At any
rate, they aren't backing Ralph. His support this year is likely to be
down in the noise. Without a party backing him, he's just another
Harold Stassen.

I hope so.

Another example is the expectation of a trained workforce without
investing the resources in education to produce that workforce.
"Resources" doesn't just mean "money", either, though money is a big
part of it.

Agreed. The cost of education is running out of control.

It has far exceeded the general inflation level, yet is more
necessary than ever.

If the cost continues at double digit increases every year, and
the
graduate stands a pretty good chance of his/her entire field being made
redundant, the necessity of the education is going to go away. Granted
the would-be student is flippin burgers, but their job won't be made
irrelevant.

That's one possibility. Another is bankruptcy and the resulting
defaults on student and other loans.

The problem with that is that I don't think you can write off student loans
through bankruptcy. So, you may not get graduates going intentionally
bankrupt, but the inability to pay it off may lead more people into
bankruptcy. They may then still owe the loan, but it won't get paid back.

Makes me think of the "They Might be Giants" Sone "Minimum Wage"

Here's one data point:

In the fall of 1972, when I entered the University of Pennsylvania,
tuition alone (no books, fees, etc.) was $3000/year. Which was very
expensive at the time. Today the same school charges more than 10
times that. But will the starting salary offered to a BSEE in 2006 be
more than 10 times what it was in 1976, when I graduated? Is
fininacial aid 10 times what it was in my time there? Nope.

Add to this the fact that a kid who worked at minimum wage during the
weekends,
summer and holidays could make a sizable dent in that $3000/year
tuition. If a
kid could take home $1.50 an hour, and manage to put in 1000 hours per
year, there's half the tuition. Today, if a kid can take home $5 an
hour and put in the same 1000 hours, the resulting $5000 is only about
1/6 of the tuition.

That's just not right.

73 de Jim, N2EY

No argument there. Back home in the UK they used to give everyone grants.
They were means tested, and of course if your parents were middle income
you would be the poorest student in college. However, now they are phasing
out grants and bringing in loans. This is also a big mistake.

Our governments need to invest more in putting people through higher
education. It doesn't really matter whether they do it by giving money to
the colleges or to the students, provided the former results in lower fees,
but they need to do it. An educated workforce is the most important thing
they could be putting their money into.

73 de Alun, N3KIP