tag:blogger.com,1999:blog-8358039.post8778907597716207289..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: The Price to Earnings Ratio of a College DegreeCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-8358039.post-71636825132524930052011-10-29T09:02:11.598-07:002011-10-29T09:02:11.598-07:00I will leave my two cents, for what it's worth...I will leave my two cents, for what it's worth. I believe our deficit to China is, atleast in part, due to the fact that America has gone from a country who once built/created things, to a country who would rather not be bothered with manufacturing and let someone else do it. I have a saying, "Americans have invented 99% of everything, if you want to make it better then send it to Japan, if you want to make it cheaper then send it to China." If we want to creat jobs, STOP OUTSOURCING EVERYTHING!!!! For education sakes, I have a family member who has a bachelors degree from the Kelly School of Business at Perdu University, in supply chain management. She graduated, got a great job, then 6 months later lost it due to, what else, outsourcing. People need to quit going to college to get jobs, instead become business owners. Did you know that for the first time in this country there is more student loan debt than consumer credit debt? As of October 2011, the student loan debt in this county has exceeded $1 Trillion, yes, Trillion with a T. Put down the shovel people, let's start filling in the hole we have dug.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-57402723691369520502011-08-03T01:23:27.216-07:002011-08-03T01:23:27.216-07:00Now a days degree has just been for a name only, a...Now a days degree has just been for a name only, as a person having knowledge may not have a degree and a person with degree may not have knowledge.Rent Torontohttp://www.rentmode.com/noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-92122583348834588212011-06-05T07:11:28.825-07:002011-06-05T07:11:28.825-07:00Second-tier effect: jobs that never required a deg...Second-tier effect: jobs that never required a degree now do in response to more degree holders looking for work. Those without degrees can't get the jobs they used to.<br /><br />On average, Americans have N-dollars in wages. In real life, not getting the job means N=nothing while the other guy gets something.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-3278627492371509552011-05-31T10:32:21.491-07:002011-05-31T10:32:21.491-07:00@Self-exiled spaniard
It was claimed (somewhere) t...@Self-exiled spaniard<br />It was claimed (somewhere) that about 17% percent of Europeans and Americans (want to) go to technical highschool or university contrary to 56% of Asians.<br />Add to this that western women hate nerds and have very few kids in general (except lower classes). Try to imagine the future ... yes it looks like a third world countryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-66128673689695808552011-05-30T17:40:46.713-07:002011-05-30T17:40:46.713-07:00Having travelled and worked in europe, canada and ...Having travelled and worked in europe, canada and asia, what scares the crap out of me is this:<br /><br />Most western students: study social studies or arts, spend life at uni getting bladdered and shagging, occassionally stumbling upon a lecture, when they are not too stoned; throw in that they vote for the NDP or whatever socialist party is available<br /><br />Most asian students: go for the sciences and engineering, avoid drinking in excess (most can't handle it anyways), show up to class and get first class degrees; i find their communication skills suck, but they can be taught at work. <br /><br />Bottom line is, the children of the present lost generation of westerners will be making sneakers at sweatshops in Pittsburgh, LA and Toronto for Beinjingers such as Qin Long, Hu Wei, etc... All because we (westerners) became lazy.<br /><br />But, not all Westerners are lazy stoners, do bar that in mind; some places will not decay, it's a shame that most will.Self-exiled spaniardnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-69680080836386749082011-05-30T14:00:47.041-07:002011-05-30T14:00:47.041-07:00Not to defend higher education pricing and custome...Not to defend higher education pricing and customer acquisition (oh the stories I could tell from interacting with admissions people), but:<br /><br />1. No one is forced to go to college; social pressure, job requirements, are inputs to a personal decision. If people want to eat expensive twinkies, they shouldn't complain they get fat and broke. Especially why the reason they're eating twinkies is that when anyone tries to offer them better food, they complain and demand twinkies.<br /><br />2. ROI analysis of degrees needs much finer disaggregation (not your job, obviously, and kudos for the data-compiling): not just by degree but by school (EECS from Caltech ≠ EECS from Partyschool State) and by position in graduating class. I'm willing to bet that getting a MBA from Halberd is probably a good investment.<br /><br />3. I suspect there's a long-term dynamic in the value of colleges, one that might have a discontinuity soon: either because people _get_ that they're paying Kobe steak prices for ground chuck, because of technological changes, or because of a macro-shift in US culture.<br /><br />Got your book (duh, $0.99), will probably blog some booknotes about it.<br /><br />JCSJosehttps://www.blogger.com/profile/10016440405836313244noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-23193185729717653442011-05-30T13:12:44.235-07:002011-05-30T13:12:44.235-07:00I know a physical therapist who's a house pain...I know a physical therapist who's a house painter. Me. :)<br /><br />Painting pays better due to lower overhead costs, insurance and taxes. Oh, and regulations, exams, CME credits, and quasi-governmental apparatchiks come and inspect your premesis, your person, your paperwork, your employees and etc.<br /><br />Plus, as a painter you can tell fat ugly customers with bad attitudes to go pound salt if you want, nothing bad will happen. This is not true of physical therapy. It should be, but its not.<br /><br />Luckily I had my rather expensive education paid for before I quit and went back to house painting.The Phantomhttps://www.blogger.com/profile/10159748429049446398noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-70957689502974064502011-05-30T13:05:38.926-07:002011-05-30T13:05:38.926-07:00I know a physical therapist who's a house pain...I know a physical therapist who's a house painter. Me. :)<br /><br />Painting pays better and it is less annoying..The Phantomhttps://www.blogger.com/profile/10159748429049446398noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-66879489758136593222011-05-30T11:10:08.951-07:002011-05-30T11:10:08.951-07:00I dont think there is any safe degree anymore.When...I dont think there is any safe degree anymore.When I lived in vancouver I knew engineers bagging groceries at save on foods. I have family friends that know accounting MBA's with 30 years experience, IT development skills the whole bit and working as ushers for theatres. I know Lawyers driving Limos and selling magazines for a livingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-84131951685886565012011-05-30T02:47:54.204-07:002011-05-30T02:47:54.204-07:00What is the P/Rents for a worthwhile degree, like ...What is the P/Rents for a <b>worthwhile</b> degree, like Accounting?Ecclesiasteshttps://www.blogger.com/profile/05698337181922184246noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-21903447246124368972011-05-29T22:13:36.562-07:002011-05-29T22:13:36.562-07:00OK, you need to understand economics a LEEETLE bet...OK, you need to understand economics a LEEETLE better when it comes to tuition. That rise in tuition costs? Yes, it's nominally that high, but there's something more insidious going on.<br /><br />Consider perfect price discrimination, something the airlines have tried to do for years ("yield maximization.") Extract the maximum amount of revenue per seat: the businessman flying over three days pays more than the weekend, price-sensitive traveler, because he's not really paying the full cost, and because his time has more value to him. Also, he might not be able to plan ahead.<br /><br />Colleges do the same with tuition. Assess some ridiculous tuition that really only 1 in 10 students' families can afford to pay. Great! Now, by discounting based on financial aid, you can extract the maximal amount of dollars without driving away your customers. <br /><br />You might do better to compare student loan debt, or some other real figure. Tuition, like any other price, is just a starting point for negotiations.ElectricAngelnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-34368191852780709132011-05-29T18:56:46.526-07:002011-05-29T18:56:46.526-07:00Tell me Captain, what do you think of bitcoins?
h...Tell me Captain, what do you think of bitcoins?<br /><br />http://www.weusecoins.com/Rowannoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-72256215462875986352011-05-29T18:27:11.782-07:002011-05-29T18:27:11.782-07:00For Anonymous at 5:27 PM:
This is a fairly common ...For <b>Anonymous at 5:27 PM</b>:<br />This is a fairly common occurrence for conservative bloggers using Google's Blogspot lately. Coincidence? Maybe. We report, you decide...Mark Matisnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-18025996800723775552011-05-29T17:52:18.345-07:002011-05-29T17:52:18.345-07:00The OP is great. There is one thing that is not tr...The OP is great. There is one thing that is not true, though. It is in this line:<br /><br />"This also explains to you why we have a trade deficit with China."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-23443054207202423442011-05-29T17:27:47.071-07:002011-05-29T17:27:47.071-07:00Hello Aaron,
I wrote out a long comment and attem...Hello Aaron,<br /><br />I wrote out a long comment and attempted to log in via google. I was thrown into a Blog creator, which wanted me to create a blog. When I backtracked, my intended message was lost.<br /><br />Not good.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-27465722785182007312011-05-29T16:33:32.451-07:002011-05-29T16:33:32.451-07:00I don't know about down in the states but I do...I don't know about down in the states but I do know here in my part of Canada, I think there is a whole generation that doesn't have one clue what real life entails. Most of all earning your keep. I hear "when is supper ready" from a decent twenty one year old to his mother almost like clockwork every day. While hes sitting in the basement,sneaking bong hits and playing with his equally life skilled disabled girlfriend. he wants his dream job of Urban Planner and more power to him but I get the feeling sitting in mom's basement insulated from what life really costs might seem more attractive. He's only been out of college since mid April, tried for one position, never got it and seems content at that. He's not alone, and it isn't entirely his fault his mom's been easy one him, and he's not my kid and at his age life's going to bring the lesson home as it always does. Your right but future generations are in for a big surprise and I hope my two girls (16 and 19)both part time employed, each own there own car, one two years thru University to be a nurse the other last year of high school are prepared to at the very least voice their opinion let alone shoot when the spoiled lost "adults" come screaming for their entitlements. Maybe it's just me, and maybe I'm wrong but parents have forgotten they won't be around forever, and many have failed to instill the old time tested values in their kids and I think that may be the majority up here in the part of Canada I live in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-56607790503855813772011-05-29T15:04:45.538-07:002011-05-29T15:04:45.538-07:00))))) Common sense is not allowed among the politi...))))) Common sense is not allowed among the politically correct elite. <br /><br /> YOU should be ashamed of yourself for suggesting that the YOUTH actually get a University degree in something that could lead to a JOB. <br /><br /> Get a Degree --And the Gov't will be forced to create a JOB for you. <br /><br /> This IS the NEW WORLD ORDER.Anonymousnoreply@blogger.com