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View Diary: Virginia Foxx rakes in the dough from student loans she despises (60 comments)

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  •  Ah ha (1+ / 0-)
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    Amber6541

    Yeah, that is hefty for a BA or BS degree.

    I won't comment on whether the fancy degree is a valuable commodity or not.  My guess is, this world is incalculably more competitive than the one I grew up in.  Probably the competition from the global economy is a big piece of it, perhaps more women in the job market.

    Back in my day, you had a decent expectation of getting a job, with a post-graduate degree.  I doubt that's the case any more.  I don't doubt many feel they need every possible advantage on the resume.

    Also in my day, you could get a world class education at a state school, for dirt cheap.

    I swore back then, and kept the promise, that I would never begrudge paying taxes to the State of California.  Great university system, no sweat to pay for my law degree.

    •  How about more people generally? (1+ / 0-)
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      Amber6541

      The population of this country has exploded since you and I went to college, so of course everything is far more competitive.  Plus we are now competing with a tidal wave of well-educated immigrants for our jobs.   Many of those immigrants were educated in their home countries for small fractions of what we pay for our educations.  The world wasn't like that when we were young.  

      •  You're ignoring the right half of the equation (0+ / 0-)

        The number of jobs doesn't stay fixed as the population increases.  If the population doubles, so does the number of teachers and waiters and doctors, and so we see a corresponding increase in jobs.  

        This is why it's a logical fallacy to oppose immigration because immigrants "take our jobs."  Immigration increases the population, and immigrants take jobs from a growing number of jobs.  When the US population swelled from 200 million to 300 million in the last 40 years, the extra 100 million people didn't "take our jobs."

        There is greater competition for college admission today, but that's not because of population increase:  it's because of a societal trend of sending everyone to college, under the belief that it is the one true way to make it in the world today.

        Linking to a news article is journalism in the same sense that putting a Big Mac on a paper plate is cooking.

        by Caj on Fri Apr 20, 2012 at 08:24:41 AM PDT

        [ Parent ]

        •  Wait a minute, (0+ / 0-)

          "if the population doubles, so does the number of teachers and waiters and doctors, and so we see a coresponding increase in jobs."  Oh really?  What magic makes that happen?  

          Yes, immigration is productive of economic growth to some extent, but not on a magical scale of one to one in jobs per person.  If that worked, then there would never be unemployment.

          If a selective college admitted about 800 undergrads from nation with a population of about 200 million (the case of my college when I was an undergrad) and it still accepts about 800 undergrads now, but the population is 350 million, admissions are likely to be more competitive.

          •  asdf (0+ / 0-)
            "if the population doubles, so does the number of teachers and waiters and doctors, and so we see a coresponding increase in jobs."  Oh really?  What magic makes that happen?  
            Plain old demand.  You double the population, and you need public schools to double in capacity.  There's nothing particularly magical about it.
            Yes, immigration is productive of economic growth to some extent, but not on a magical scale of one to one in jobs per person.  If that worked, then there would never be unemployment.
            How do you figure?  Even if the number of jobs in every sector exactly tracked the population, you'd still have unemployment.
            If a selective college admitted about 800 undergrads from nation with a population of about 200 million (the case of my college when I was an undergrad) and it still accepts about 800 undergrads now, but the population is 350 million, admissions are likely to be more competitive.
            What college are you talking about?  Every college I can think of has increase enrollment since 1970.

            Linking to a news article is journalism in the same sense that putting a Big Mac on a paper plate is cooking.

            by Caj on Fri Apr 20, 2012 at 12:11:01 PM PDT

            [ Parent ]

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