Category Archives: Political Commentary

Media Criticism, Philosophy, Political Commentary

The Screwed Generation

17 Comments

Libertarian, not liberal. Actually libertarians are the true liberals. Most people who call themselves “liberal” are leftists who stole the term.

[Update a few minutes later]

OK, I just read through the whole thing, and this is a pretty confused and incoherent paragraph:

We still vote with our heart; it’s just in a slightly different place. We’d rather bring home our troops from overseas and save those lives while spending that money to establish a universal healthcare system that will save even more. This isn’t necessarily because we believe the government should take care of us, it’s because everyone deserves to be healthy and the powers that be before us mangled the system so badly that it’s becoming impossible to afford. This is an example of our generation trying to take care of our own as much as it is trying to create change. While the concept of universal healthcare may be defined as “liberal,” it’s a fairly libertarian approach of non-interventionism and personal rights that brings us there.

There is no way to do universal health care without a massive violation of liberty and personal rights, as we’re seeing already with ObamaCare, even before it goes into effect. This is a utopian fantasy, and there’s nothing libertarian about it.

Business, Economics, Education, Media Criticism, Political Commentary, Social Commentary

The Disastrous State Of Higher Education

6 Comments

This isn’t really news, but it’s depressing anyway, indicative of a massive failure of government policy and misincentives:

What the study found is not the least bit surprising. Students who learned little in college (as evidenced by scoring in the bottom quintile on the College Learning Assessment) were three times as likely to be unemployed as students who scored in the top quintile, twice as likely to be living at home, and somewhat more likely to have run up credit card debts.

Those findings throw cold water on the smiley face idea that going to college is necessarily a good “investment.” Even some of the top graduates were unemployed and living with their parents and a much higher number of low-performing graduates were. Unfortunately, the study did not seek to find out how many of those graduates were “underemployed” in jobs that high schoolers can do. (Perhaps no further evidence on that is necessary, though, in view of this study.)

Another particularly interesting finding from “Documenting Uncertain Times” is that employers pay little attention to what students majored in and how good their academic records were. The authors write, “That nearly two-thirds of these recent graduates’ employers did not require them to submit transcripts speaks to the perceived limited value and trust employers currently place in this traditional record of achievement in higher education.” If, as I have argued for years, many employers are simply using the presence of a college degree as a screening device, that behavior makes perfect sense.

A company that, for example, needs to hire someone to handle a car-rental desk might insist on a college degree as evidence of trainability, but not think it worth the added cost of checking to see how he or she did in college. Whatever education might have been absorbed is irrelevant; all that matters is the credential itself.

A credential becoming worth less and less. This all started when it became difficult for employers to test job applicants. As noted there, if we can’t get government out of the student loan business, which is a large part of the problem, we need to force the schools to put some skin in the loan game themselves, because as the situation is currently, they’re not punished for their failure to educate, but rewarded.