Loading ...Thanks for the comeback Goldi, lots of good points and info. The only part I can respond to is your…..
“If kids can go out and make 35 dollars a hour doing any kind of job why would they want to go to college?”
Comment:
We shouldn’t have to go to college to be entitled to basic food fuel and shelter. Most people can’t afford it, and many would not even be qualified to get in, not smart enough or never even graduated high school some of them.
Lets face it. A lot of what is taught in college turns out not needed to know later on. Same with high school, a real estate or stock broker license, a lot of the teachings not needed after you enter the work force. However, just having a degree makes you worth more. College is like paying for and investing in a higher wage occupation.
As for why would they want to go to college? If they can make $35/hr not doing so? They would still go to college if they wanted to make more than base. The $35 would be the base. A pecking order involved. Everybody else would be worth more than base automatically. Even non educated but skilled labor.
Basically very hard to find highly skilled non union labor today, in a precision metal fabricating factory, no air-conditioning, is worth about $25/hr. Far less purchasing power than the minimum wage paid in 1970. So at that price a shortage. We have cops here making $200k or about $100/hr. if they work 40 hrs, but they play games with that, like 3 12 hour days.
That’s your middle class wage today in my area. $200,000/yr. Maybe take home $2800 per week? Means you can afford $2800 per month for rent. $15/hr is $600/week, meaning you can afford $600/month rent.
I’ve been studying and calculating “constant adjusted” values since I entered the workforce. Did you ever see a long term dow chart or even a real estate chart adjusted for inflation? Its not so impressive. Re gains above inflation.
It all doesn’t matter anymore, anyway. The systems values are all distorted. And trying to right themselves.