We see plenty of unemployed people with advanced educational degrees today. Want to meet someone with a master’s in English or art? Check behind the counter at Starbuck’s. Those people are pretty angry.
On the other hand, we have companies begging for highly skilled workers who are nowhere to be found. Why is there such a disconnect between what people are trained for and what the market needs?
Some would say it’s a market failure and that we need some kind of system to co-ordinate job training and education. Instead, it’s what happens when you let government rig the incentive structure, even with the best of intentions.
For something like 60 years, government has made it easy to go to college and has taught people that a college degree is the ticket to a good life. Going to college to get an undergraduate degree (or more) has been subsidized and propagandized, so that’s what people do — far out of proportion to its necessity.
‘Free money for everybody’? Is it smart for principled libertarians?
Dishonesty runs rampant when partisanship matters more than truth
Federal debt default? So what? It happened before — in 1979
Governments can recognize rights, but no government creates rights
When strangers tell us things we want to hear, we want to believe
FRIDAY FUNNIES
Deconstructing my old life’s hard, but I’m learning to be healthier
The Fourth Amendment? Hmmmm. No, we’ve never heard of that one
Obama’s plan to ‘tax the rich’ is simply class warfare — and politics