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Posts Tagged ‘high school’

What will you achieve if you take out student loans, go to college, improve your skills and get ahead of your competition? For the first time in US history, you’ll most likely get a ton of student loan debt and join your competition in a place on a very long unemployment line. But the affluent will become richer, thanks to your debt. By the way, that’s something neither Republicans nor Democrats want you to know. Student loan debt is a scam to make you indentured servants for a very long time.

This is the new normal. Go to college, get heavily into debt, and become unemployed or underemployed. Blame free trade treaties. Those treaties are intended to redistribute income from the 99 to the 1 percent. Ship the jobs overseas, or negotiate a treaty that makes it easier to create jobs in lower wage countries. Pretty soon the jobs here dry up, and so does the tax base, resulting in government layoffs, such as police and teachers. Jobs gone. Just like that. But the difference between the old wages here and the new wages over there fly into the already fat wallets of the super rich, who then buy more politicians, such as Senator Ron Wyden, who then vote yes on more income redistribution treaties. That’s the whole game.

By the way, for every 68 or so blue collar jobs shipped away, or created overseas, another 32 jobs go overseas with them, and these are mostly white collar jobs that require a college degree. These include management, accountants, lawyers, bookkeepers, computer programmers, etc… Every one of these jobs shipped overseas has meant the loss of three other jobs in various local industries, many of which require college degrees.

This is why there are so many college educated people in the unemployment line.

Most unemployed Americans Attended at Least Some College

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According to a study by the Economic Policy Institute, “Median inflation-adjusted wages in 2000 were $629 per week for high school graduates and $1,030 per week for college graduates holding a bachelor’s degree but no advanced degree. Nine years later, median weekly wages stood at $626 for high school graduates and $1,025 for college graduates. For college graduates, the change equates to $1 per day less, based on a five-day work week. The Figure also shows that, contrary to popular assumptions, the wages of college graduates did not grow at a faster rate than for high school graduates.”

Good job Republicans! Way to go Corporate Democrats! Now they want to do that to us again!

Click here for "Another day, one less dollar"

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