Linked by Thom Holwerda on Thu 6th Dec 2012 17:01 UTC
Apple So, Apple is serious about this thing. Tim Cook has said in an interview the company plans to manufacture one line of Macs in the US, starting next year. Coincidentally (or not?), Foxconn has just announced it plans to expand its production facilities... Into the United States. There's no indication as of yet that the two are linked, but the coincidence is at least interesting.
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RE[2]: Skills not Wages
by Alfman on Sat 8th Dec 2012 19:58 UTC in reply to "RE: Skills not Wages"
Alfman
Member since:
2011-01-28

Neolander,

I agree with all that.

We've been focusing on the cost/skill dynamics on the employer's side, but there's a similar dynamic on the employee side. The wages haven't remotely kept up with the educational costs required to attain the prerequisite degrees.

https://www.studentloan.com/pay_for_college/risingcost_education.htm

http://www.huffingtonpost.com/2011/10/28/college-costs-are-rising-_...

I don't think the rise in education price is arbitrary or "staged". It's dictated by supply and demand, when the economy weakens, more people go to school by taking on more debt. This phenomenon is pretty clear in the charts.

These numbers are alarming. It was already prohibitively expensive for me and my wife. Our degrees kept us in tuition debt for 8 years with help from my parents. If future wages don't catch up to tuition, our children could be in education debt for 30 years or more. If the projections hold, our daughter might just be paying off the final instalments of her degree in her 50s. Then she can get a 30 year home mortgage and pay it off into her 80s.

Meanwhile, our social security payments are officially projected to return $0.60 on the dollar.

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