And I think that is the underlying flaw in your logic, that econ 101 can simply just be ignored when attempting to understand the world. You can't take physics 101 and automatically be an engineer, but you also can't be an engineer without understanding physics 101.
I wonder why they picked $15/hour out of a hat to fight for? Why not $30/hour?
'berg' is just a slang term for city, neighborhood, town, etc
unfortunately, this is not something new. many folks got rich after vietnam setting up 'colleges' to 'teach' out-processed GIs, eligible for the GI bill. they accepted their benefit money and gave them little in the way of a genuine educationTrue. I think American education is fraudulent in many ways. Partly, there is a lot of money in getting people to enroll in colleges, leading to a lot of the lying that leads people into thinking that a degree will magically get them a job.
which is why i am pleased to see Obama looking to index higher learning institutions based on the success of their graduates. those who do not have good records helping their graduates, should be ineligible to receive funds backed by the federal taxpayer. ditto for those who do not have much success in getting their students to the point of graduation
i feel you here. i chose an engineering school/degree only because i knew that is what would make my Dad the most pleased. not the worst reason ever but certainly not a wise one. with all the counselors we have in high schools these days, one would think our high school graduates would have a better understanding of their college prospects than they graduate with. in terms of both college success and career goalsI admit that I got my degree for the wrong reasons, but I was young and had lots of convincing liars around me.
i believe you need to give more thought to this. even the wage earner is selling his labor to his employer. almost extinct are the jobs where you can expect a retirement check at the conclusion of a career with the same organization. the reality is that most are now contracting themselves out for a period of time. as technology refreshens as an ever faster rate, so too do the jobs it makes possible and makes vanish. few who are reading this will end their working careers doing then what they are doing today. if you are a wage earner, you will quite possibly have a wide variety of job functions that you will have performed over your career. but the skill set required for most employees will be the ability to self market. this discussion itself demonstrates how essential it is for a job seeking employee to be able to not only posses the requisite skill set but to also be able to market that bundle of skills to prospective employersBut, I still say that "small business" is not the solution to all our problems; we can't all own businesses and have no employees.
in your generation, expect to be an entrepreneur, whether you are business owner or whether you are selling your job skills as a contract employee
so, acquire entrepreneurial skills now
no. being born into a rich family is luckThose are all essentially luck now;
buying the right lottery ticket is luck
for everyone else, we have to make the best of our own opportunities. in a competitive world - no longer just a competitive nation - you must be able to have something compelling in your CV which causes employers to want to hire you from the vast pool of applicants
bull ****Having a degree isn't helping the majority of people that graduated in the last couple of years.
my daughter graduated two years ago and now manages a medical practice. she earns a great salary, bonuses, works from home, works her own hours, and has access to vacation homes at the coast, in the mountains and in the immediate downtown of the major city in which she works
she is leaving that job at the end of the year to begin her own enterprise
my son is four years older and now earns $10,000 a week, plus expenses. he refused a full ride to college to pursue his own business. returned to school a year and a half later only because the people he ran around with were in college. realized he loved academics at that level. got his masters when his cohort received their bachelors
what i see that is different about these young adults? they are going for it. they know that the only person who can hold them back is them
while the element of luck is always present, you also make your own luck by being positioned to exploit opportunities as they present themselvesThere prospectives are based on whether they know the right guy and are in the right place at the right time, not whether they know the right stuff or have the right degree.
not true. i spent a quarter century dealing with small businesses. lending to them. managing their accounts. liquidating the failures. coaching those on the cusp to try to become successful. helping those with promise to become even more successful. the ones who were smart and hard working were the ones who succeeded. they also had to have the ability to persevere, because difficult hurdles were confronted by most. being smart and resourceful and hardworking allowed them to overcome those difficulties on their way to the brass ring98% of businesses fail, so that's also a pretty big risk. In modern America, wealth is almost entirely due to luck.
you could. but what is ever gained without risk. and i often encounter successful people who have experienced bankruptcy. they learned from it and had the motivation to refuse to allow that set back to end their pursuit of the American dreamEven in my own business idea, I completely acknowledge the fact that I could lose everything even though I worked for it.
allow me here to also make another observation. at the end of my career, probably 30% of the small business owners i was helping were legal immigrants. while a tiny portion of the nation's population, these folks comprised a disproportionate number of business entrepreneurs. and i speculate that is because they are risk takers. people who left their native country in order to have a chance at economic success in a land which provides just such an opportunity. i do wonder why native born Americans are so unable to see the prospects of opportunity in their own country that foreign born persons recognize
my only concern for you and what you have expressed is whether your fear of failure will be an impediment to your opportunities for successI agree, I wasn't lamenting for myself. I'm going to be fine, but what about the other millions of Americans who won't? I'm worried about my country.
don't let it be so