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Two U.S. Presidents Ignore Guidance
from Mark Cuban
Mark also believes better software is eliminating many high paying jobs and now that software is writing software, the theft is accelerating. President Obama listen intently as Cuban pointed out how computers were taking more and more programming, accounting, finance and other premium white collar high paying skilled jobs. Trump showed little interest. Sources: Cuban Interview with Bloomberg's Cory Johnson 22 min. video, Cuban's Oxford Video 65 min video See The Coming Meltdown in College Education Return to Career Guidance for Graduates |
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| Both Presidents had one
thing in common. They needed a politically acceptable solution to the
perceived voter well-being decline. One thought more highly educated and
better trained workers would attract better jobs. The other thought bringing manufacturing back to the US
was the solution. Politicians require problems be defined in such a
solvable way and
Mark offered problem cause had no long-term solution.
Other Leaders
have questioned
more spending on education and training as a good job creator. Same for import
restrictions. Researcher Richard Freeman's 1970s Rand Corporation study The Over Education American set the stage with an over-supply was causing low wages argument. Was Freeman's data indicating a decreasing return from investing in an engineering college education correct? Follow-up studies show the measured declining return of engineering education investment may have been overstated. Economist Paul Krugman questioned the 1996 "downsizing panic" that panicked America because "...the rate at which Americans were losing jobs in the nineties was not especially high by historical standards." Nevertheless, for the first time white-collar, college-educated workers were being fired in large numbers, even while skilled machinists and other blue-collar workers were in high demand. The age of ever-increasing wage premium paid for higher education were over "...but somehow nobody notice." Source: Leaders Educational Advise In
2007, economist Alan Greenspan believed solving the skills shortage with education
reform "...will take years."
The Age of Turbulence: Adventures in a New World |
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In 2008,
libertarian political scientist Charles Murray states
"HALF OF THE CHILDREN ARE BELOW AVERAGE, TOO MANY PEOPLE ARE GOING TO COLLEGE,
AMERICA'S FUTURE DEPENDS ON HOW WE EDUCATE THE ACADEMICALLY GIFTED, ABILITIES
VARY" Source:
Interesting Thoughts Concerning Education See Economics of College Education |
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Journalist
Sean McElwee's 2013
study revealed
"...for every one of those
[marginal ability people who succeed] there
are significantly more
people that lose because
they are not capable of attaining basic competency with the
material, graduating, and (especially) obtaining work commensurate with the
education."
Source:
A Statistician's Response to Heredity and Education
See The Missing Men |
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During the 2015
Future of Work
panel discussion
Lawrence
Summers stated "...the idea that you can
just have better training and then there are all these
jobs, all these places where there are shortages and
we just need the trained
people is fundamentally an evasion." "The
core problem is that there aren't enough jobs.
If you help some people, you could help them get the jobs, but then someone else
won't get the jobs."
Source:
Few Good Jobs Suggestions to Walter at antonw@ix.netcom/com |
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published in 2007 by Penguin Group, pages 406 and 407
Source:
