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Why is it that everyone forgets to mention the fact that Educational attainment has been slowing since the 1970s? The demand for skilled labor has been increasing faster than the supply causing an increase in the wage premium for skilled versus unskilled labor. The average college grad in the 1970s earned 50% more than the average high school grad, today it is 100% more. Medical field professionals, computer programmers, and engineers are still seeing robust job and wage growth while those who have chosen not to invest in their own human capital have seen their job opportunities and wages decline. State funding to schools has been declining as a share of college and university revenue for decades not just since the recent financial crisis, and people wonder why tuition is increasing. If the gov’t puts less money into schools, and the schools continue to provide the same, or in some cases more services, then tuition has to increase to compensate. And yet still the average student graduates with only approx. $25,000-30,000 in student loan debt. Before you say ONLY and point out that that is a substantial amount of money remember that it is less than the average price of a new SUV, truck, or even most sedans. Why is it that people have no problem spending $30,000 on a brand new car, which doesn’t increase ones lifetime earnings potential at all, but shudder at the thought of spending the same on an education that substantially increases ones lifetime potential earnings? Until Americans get their priorities straight and start spending more effort on education in general, and math in particular, they will continue to see their annual earnings rise slower than inflation, or until the developing world catches up to the developed in terms of per capita GDP, whichever happens first.
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The Dow Jones industrial average closed down 7.75points, or 0.05 percent, at 15,002.99. The Standard & Poor's 500Index finished up 6.29 points, or 0.38 percent, at1,652.35. The Nasdaq Composite Index ended up 24.50points, or 0.68 percent, at 3,613.59.
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Isn’t it funny how the news media has only been interested in the hype surrounding this story and has failed to inform the American public on something as important as the constitutionality surrounding a debt default?
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There are no manned American flights for Andrews to shoot these days, of course. The final shuttle flew in 2011 and NASA has no coherent timeline for putting humans back in space テ「ツツ� or even a coherent idea of where it wants to send them when it does.テつ The shuttles are now little more than museum pieces: Enterprise sits on the deck of the aircraft carrier Intrepidテつin New York’s Hudson River; Discovery is on display at the Smithsonian Institution; Endeavour is at the California Science Center (CSC) in Los Angeles; and Atlantis is now preparing for its unveiling at the Kennedy Space Center in Florida.
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