- Nov 26, 2011
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If you do not have a college education, or the wrong kind of college education (arts/humanities, etc), or your kids don't receive the right college education, the future is going to be very grim for you/them.
Our education system is not keeping up with the needs of the future. The Left is more concerned with providing transgender bathrooms, and the Right is more concerned with mocking anyone with intelligence.
So you're fucked.
As I've said many times, any politician who tells you they are going to "bring back jobs from China" or anywhere else are flat-out lying to you. Most of the jobs which have been lost in the past few decades have been lost to technological improvements. They did not go overseas. They just went away, and they are not coming back. Ever.
We need to be training our children for the jobs of tomorrow, not the factory jobs of their fathers.
It is easier for a lazy, clueless huckster to lie to you than to do the heavy lifting of solving the problems inherent in our education system.
Citizens in industrialized countries believe that digital technology is fostering inequality and that this problem is likely to grow worse in the decades ahead (Smith and Anderson, 2017; Wike and Stokes, 2018). Although public and expert opinions often diverge on economic questions, survey data confirm that academic economists share this worry. A 2017 Chicago Booth poll found that 35 to 40 percent of leading U.S. economists believe that robots and artificial intelligence are likely to substantially increase long- term unemployment rates.
[snip]
I start from the premise that what workers earn in a market economy depends substantially, though not exclusively, on their productivity–that is, the value they produce through their labor. Their productivity depends in turn on two things: first, their capabilities (concretely, the tasks they can accomplish); and second, their scarcity. The fewer workers that are available to accomplish a given task and the more that employers need that task accomplished by workers (rather than by, for example, machines or algorithms), the higher is the workers’ economic value and thus their potential earnings. In conventional terms, the skill premium depends upon the supply of skills and the demand for skills.
Our education system is not keeping up with the needs of the future. The Left is more concerned with providing transgender bathrooms, and the Right is more concerned with mocking anyone with intelligence.
So you're fucked.
As I've said many times, any politician who tells you they are going to "bring back jobs from China" or anywhere else are flat-out lying to you. Most of the jobs which have been lost in the past few decades have been lost to technological improvements. They did not go overseas. They just went away, and they are not coming back. Ever.
We need to be training our children for the jobs of tomorrow, not the factory jobs of their fathers.
It is easier for a lazy, clueless huckster to lie to you than to do the heavy lifting of solving the problems inherent in our education system.
Citizens in industrialized countries believe that digital technology is fostering inequality and that this problem is likely to grow worse in the decades ahead (Smith and Anderson, 2017; Wike and Stokes, 2018). Although public and expert opinions often diverge on economic questions, survey data confirm that academic economists share this worry. A 2017 Chicago Booth poll found that 35 to 40 percent of leading U.S. economists believe that robots and artificial intelligence are likely to substantially increase long- term unemployment rates.
[snip]
I start from the premise that what workers earn in a market economy depends substantially, though not exclusively, on their productivity–that is, the value they produce through their labor. Their productivity depends in turn on two things: first, their capabilities (concretely, the tasks they can accomplish); and second, their scarcity. The fewer workers that are available to accomplish a given task and the more that employers need that task accomplished by workers (rather than by, for example, machines or algorithms), the higher is the workers’ economic value and thus their potential earnings. In conventional terms, the skill premium depends upon the supply of skills and the demand for skills.
