- Oct 30, 2004
- 11,442
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As the nation's middle class crisis continues to deepen and worsen, the news media and our politicians continue to try to sell education as the solution to the nation's economic problems as though they were peddling an opiate of the masses. Economist and former Reagan Administration Assistant Secretary of the Treasury Paul Craig Roberts has just released an op-ed saying that the claims and lobbying of a bogus American "skill shortage" is helping to drive Americans out of the science and engineering fields, helping to transform the nation into a third world country:
?Skill Shortage? Racket Driving Americans From Science And Engineering
http://www.vdare.com/roberts/071204_america.htm
Another recent op-ed discusses how foreign outsourcing and global labor arbitrage have contributed to the dollar's decline. This one also includes a discussion of why the dogmatically held notion of comparative advantage does not apply to global labor arbitrage:
Offshoring Interests and Economic Dogmas Are Destroying the U.S. Dollar
http://www.vdare.com/roberts/071211_offshoring.htm
So, what do you guys think? Are solid college-education-requiring middle class jobs with benefits becoming increasingly difficult to find? Are we becoming a nation of low-wage service providers? Is the value of college education decreasing as more Americans desperately flood the universities while the number of college-education-requiring jobs per capita decreases?
?Skill Shortage? Racket Driving Americans From Science And Engineering
http://www.vdare.com/roberts/071204_america.htm
Another recent op-ed discusses how foreign outsourcing and global labor arbitrage have contributed to the dollar's decline. This one also includes a discussion of why the dogmatically held notion of comparative advantage does not apply to global labor arbitrage:
Offshoring Interests and Economic Dogmas Are Destroying the U.S. Dollar
http://www.vdare.com/roberts/071211_offshoring.htm
So, what do you guys think? Are solid college-education-requiring middle class jobs with benefits becoming increasingly difficult to find? Are we becoming a nation of low-wage service providers? Is the value of college education decreasing as more Americans desperately flood the universities while the number of college-education-requiring jobs per capita decreases?
