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Old 05-21-2013, 05:07 PM
 
Location: Metro Detroit, Michigan
18,122 posts, read 16,586,462 times
Reputation: 18075

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Quote:
Originally Posted by bradykp View Post
in what world do you live in that you don't think we have a manufacturing industry? we are still a leading manufacturing economy in the world. we still manufacture numerous things. we need TONS of engineers right now.
We are number two now.

China Widens Lead as World

When comparing the number of workers, we manufacture far more with far less though. Engineering is becoming a wash. Those jobs have been eliminated over the years just like everything else.
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Old 05-22-2013, 06:07 AM
 
5,507 posts, read 9,700,108 times
Reputation: 2294
Quote:
Originally Posted by bradykp View Post
if you were that close to being 1%ers, i would think you would be smart enough to realize that the sticker price of most private institutions is nowhere near what people actually pay. Also, there are plenty of schools out there to choose from, so anyone who does end up paying full sticker price of $50,000+ at some private schools is just idiotic.

and i love that people point to government loans as the trigger of rising tuition, when the fact remains we don't support nearly the same degree as we did 30 years ago, and government loans make up a tiny portion of many schools' advertised prices.
You just owned this entire page with facts.
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Old 05-23-2013, 09:32 AM
 
Location: West Orange, NJ
12,545 posts, read 19,533,683 times
Reputation: 3712
Quote:
Originally Posted by andywire View Post
We are number two now.

China Widens Lead as World

When comparing the number of workers, we manufacture far more with far less though. Engineering is becoming a wash. Those jobs have been eliminated over the years just like everything else.
yes, in absolute dollars. I mean, they do have 1 billion people, so they were going to overtake us eventually. I believe we still lead as a % of GDP though - but maybe China overtook us in that as well. China manufactures mostly cheap junk. So that little POS calculator sitting on our cubicle desks that only works for a year? Yeah, China. We still manufacture the big & complex stuff though. Not exclusively, but the bottom line is, manufacturing is not dead here. Also, I'm sure some of that 23% surge in China was due to all the infrastructure building they are doing at home there.

and this is why i said "a leading manufacturing economy", i wasn't sure if we were #1 or #2.
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Old 05-27-2013, 10:52 AM
 
392 posts, read 652,914 times
Reputation: 525
Quote:
Originally Posted by bradykp View Post
do you have any evidence for your claim of the quantity of college graduates making $25k/yr as 'baristas'? Maybe the kids who dropped out of college - but college graduates are getting jobs that pay far better than that.
No they aren't. You sound like a clueless wannabe analyst who thinks he has his finger on the pulse.
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Old 05-27-2013, 11:50 AM
 
5,507 posts, read 9,700,108 times
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Quote:
Originally Posted by Sharecropper View Post
No they aren't. You sound like a clueless wannabe analyst who thinks he has his finger on the pulse.
The unemployment rate and income for college grads over 25 has been consistent for years. It always takes many college grads a couple years to get into careers.
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Old 05-28-2013, 08:20 AM
 
Location: West Orange, NJ
12,545 posts, read 19,533,683 times
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Quote:
Originally Posted by Gatornation View Post
The unemployment rate and income for college grads over 25 has been consistent for years. It always takes many college grads a couple years to get into careers.
Exactly. Has it been tougher than normal for recent grads? Sure. But ask people who graduated in 2001, when Enron happened, how they had it. I had multiple friends from college who had offers rescinded. They had no jobs for 6 months, or a year. They had to move back in with their parents, go to grad school, or take jobs they didn't really want. One friend was employed by 4 different companies within 2 years of graduating in 2001, not counting the one who rescinded his offer.

Bottom line is, unemployment for people with a Bachelor's degreee is subtantially lower than other demographic groups.
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Old 05-28-2013, 08:23 AM
 
Location: West Orange, NJ
12,545 posts, read 19,533,683 times
Reputation: 3712
Quote:
Originally Posted by Sharecropper View Post
No they aren't. You sound like a clueless wannabe analyst who thinks he has his finger on the pulse.
I asked for evidence and you call me clueless, without offering any evidence.

Thanks!
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Old 05-30-2013, 01:04 PM
 
Location: Londonderry, NH
41,478 posts, read 54,331,106 times
Reputation: 24736
The simplest way to eliminate the student loan problem is to allow bankruptcy if the student could not find employment in their chosen field. In other words treat a student loan just like any other unsecured transaction.

One effect would be the elimination of most of the online for profit scams.
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Old 05-30-2013, 01:16 PM
 
8,767 posts, read 5,634,189 times
Reputation: 17191
Quote:
Originally Posted by GregW View Post
The simplest way to eliminate the student loan problem is to allow bankruptcy if the student could not find employment in their chosen field. In other words treat a student loan just like any other unsecured transaction.

One effect would be the elimination of most of the online for profit scams.
Parent to College Freshman: "Sure, dear, go ahead and get a degree in Archaic Basket Weaving. If you can't find a job in your "field" all will be forgiven".

Perpetual Collegian to College Freshman: "Dude, you can stay in Academia forever and never work. Just borrowing more and more money and attend a few classes in some stupid subject each semester. You can take a great trip for Spring Break every year with no penalty. PARTY ON!"

Yeah, let's give students MORE opportunity to get degrees that make them unemployable. No abuse of such a system would EVER take place.
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Old 05-30-2013, 03:03 PM
 
76 posts, read 140,660 times
Reputation: 140
Quote:
Originally Posted by UNC4Me View Post
Parent to College Freshman: "Sure, dear, go ahead and get a degree in Archaic Basket Weaving. If you can't find a job in your "field" all will be forgiven".

Perpetual Collegian to College Freshman: "Dude, you can stay in Academia forever and never work. Just borrowing more and more money and attend a few classes in some stupid subject each semester. You can take a great trip for Spring Break every year with no penalty. PARTY ON!"

Yeah, let's give students MORE opportunity to get degrees that make them unemployable. No abuse of such a system would EVER take place.
The thing you missed is that if student loans were dischargeable it would force lenders to do real risk analysis just like any other loan industry (mortgage or car loans). And if this were the case, no lender would loan money to a student wanting to major in basket weaving. Thus there would be no standing student debt problem - the debt would either be repaid, or discharged through bankruptcy, the latter one would be minimal because no bank would loan to a student who has little chance of repaying back. And it would also put downward pressure on college tuition prices because there wouldn't be any easy money available to students. Yes, the adjustment would be rough, but in the end I think it will be for the best. Those from the wealthy families with disposable money would still be able to major in art and humanities on their own dime, everyone else would either have to major in something practical or go into trades. Win win for everyone.
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