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Not in our lifetimes and other jobs will be created. No one misses the milk man or the ice man or the horse and carriage repair shop. Cyber security jobs will skyrocket as will energy efficiency jobs, etc. Plus the unknowns. Like I said no one saw UBER or Lyft coming seven years ago and disrupting the industry like they did.Partially but humans still work there. It will take another 50 years at least to perfect it and by then there will be other jobs. No one saw UBER and Lyft coming seven years ago.Not in our lifetimesThat would be most unfortunateIt did but its also interference in the free markets. The smarter move IMO would have been not to shut down but let people know the risks and determine what they want to do. Paying people $600 a week to stay home was crazy.So that’s not Wall Street. You know that right? Most of that was to small and mid market companies which aren’t public. That being said I still disagree with it. Printing money, which is what this essentially is may come back and bite you if the $ no longer becomes the world currency. Something China is pushing for.What trillions? You mean the CARES money?Financials institutions do this because the loans are backed by Govt guarantees.Difficult question, while I empathize with the student, I can't excuse them. Or the public schools either. It is incumbent on the public schools to prepare the future college students for common life problems--like dealing with debt. Many of these students are making enough money to pay the loans back, but they choose to maintain the debt for years because of low interest rates. They fail to look at the big picture that they are flushing that interest payment down the crapper every month for years. Our education system is failing miserably in preparing these students.'I also defaulted': Congresswoman Ayanna Pressley reveals her experience with student loan debt
Speaking during a press conference organized by the American Federation of Teachers, the congresswoman shared her experience with student loan debt, connecting her story to the experience felt by millions of others in America.www.yahoo.com
This is a prime example of just a terrible precedent set. This lady from my state mind you, did not budget appropriately so she defaulted on her loans. That to me is not a pity moment but a teaching experience of don't take on more debt than you are able to handle. Period. End of story. What is interesting is that most universities lean far left but they have zero issue taking money from minorities and telling the Gov't its your problem not ours. Universities and NOT the tax payers should be responsible for this. If Brandeis University for example charges $150k for a degree in history and the graduate (who took out loans) doesn't have the means to earn sufficient monies to repay the debt then Brandeis should be partially responsible. Maybe universities should publish average salaries of graduates and then publish how much they need to grow to repay debt obligations? A repayment calculator?
This is a major issue and no one is holding universities responsible? Why?! Why must taxpayers be forced to cover this shortfall. Many prominent politicians mentioned. Such as Ilhan Omar, who I guess has a lot of student loan debt to repay. Maybe go into business, get a 2nd job, etc. Don't go into Gov't. Your debt, your responsibility. Not mine!
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These loans have HIGH rates.
Average Student Loan Interest Rates in 2021 | Credible
4.6 - 7.3% during a time Wall Street was getting money for practically nothing. Why is that Wall Street shouldnt have to learn to live within it's means?
The Trillions Wall Street got from the Fed isn't?
https://www.washingtonpost.com/busi...ion-into-us-economy-its-just-getting-started/
It's to boost wall street. You seem to have become a quick expert for something you claimed ignored of just a few minutes ago.
My point stands.
Your point is bullshit. That money went to boost the economy during the pandemic, not wall street and the stock market. It actually did help people on Main Street.
It's only a matter of time the way we are going that we will be paying millions to stay home all the time.
There will be no other choice. It's only a matter of time when most all Wal-Mart and fast food jobs are gone.
There is already places experimenting with it.
Automation will take those jobs also with self driving cars. Drones, etc.