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View Diary: Student Loans: a bubble waiting to burst (214 comments)

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  •  Re (0+ / 0-)
    i'm sorry, but not everybody can have, or is suited for, those high-end jobs.  the answer, of course, is to value labor again like we once did, where a factory job would buy you a house and put your kids through school, if that's what they want.
    I don't think it is possible to 'value' something the way you are suggesting.

    Labor just 'has a value' in a society like rock has a weight. Skilled craftsmen were valuable in the past. Now you just push the button on a machine and get an item of far superior quality for a lower cost.

    You can choose to overpay for labor if that's what you wish to do, but that doesn't really do anything to establish a new 'value' for it. If what you can do can be duplicated by a machine, your 'value' can never be more than that of the machine.

    I think the real public policy question here is "what do we do with the increasing numbers of people whose skill set commands a low to nonexistent market value?" Not sure I know the answer.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Sun Dec 09, 2012 at 11:03:59 AM PST

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    •  Re: (3+ / 0-)
      Recommended by:
      WheninRome, atana, Cedwyn
      Skilled craftsmen were valuable in the past. Now you just push the button on a machine and get an item of far superior quality for a lower cost.
       Well, you get someone with a lower cost anyway. Most things today are made like shit.

      ¡Cállate o despertarás la izquierda! - protest sign in Spain

      by gjohnsit on Sun Dec 09, 2012 at 12:14:11 PM PST

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