The Education Conundrum

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Published on The Doomstead Diner on August 21, 2016


Discuss this article at the Education Table inside the Diner

A few weeks ago we saw a NEW Collapse Problem crop up, which is that apparently we have a GLUT of Lawyers! (this article has been on ice for a while due to other pressing collapse issues needing attentinon at Sunday Brunch) Similar to Chinese over-capacity in Steel production, here in the FSoA we graduate too many Lawyers!  These folks are graduating with upwards of $200K in Goobermint Insured Debt, and at least half the time they can't find a job as a Lawyer and end up pitching Cappucinos at Starbucks after graduation.  Even with a $15/hr Minimum Wage, you're not going to pay off a $200K debt in any reasonable period of time.

The NYT wrote about this problem, focusing down on one particular mid-level Law Skule which has been trying to survive over the last decade or so, though sadly for them the number of suckers applying for spots in their classes has been steadily decreasing here.

“People are not being helped by going to these schools,” Kyle McEntee, executive director of the advocacy group Law School Transparency, said of Valparaiso and other low-tier law schools. “The debt is really high, bar passage rates are horrendous, employment is horrendous.”

Bad Newz of course for a lot of folks currently graduating from Law Skule, and Charles Hugh Smith over on Of Two Minds covered this problem with a GREAT SOLUTION!  Shut down more Law Skules and get rid of the over-supply of Lawyers!

The only solution for the surplus of workers with law degrees is a massive, permanent reduction in the issuance of new law graduates.

CHS further informs us in this article that it's not just too many Lawyers we are graduating, we also are graduating too many Ph.D.s, M.D.s, D.D.S.s etc.  We just don't have enough well paying JOBS for all these well educated people, so CLEARLY in CHS's Humble Opinion, the only solution for this is to shut down these schools and get rid of the glut!

Except…wait a minute…

Education-FAILING REPORT CARD-2Just about everyone in the MSM and the Blogosphere too says that our big problem is how our Education system has failed and how we can't compete with the Chinese because we don't have enough Smart and Well Trained people who can fill jobs in the High Tech world!

Which one is it here?  Do we have TOO MANY well educated people or TOO FEW educated people?

You can quite obviously drop this down a level to the Baccalaureate Degree.  Why are we graduating so many people with a BA when they don't need it for any jobs that are available for them to take?  I mean really, you don't need a degree in Petroleum Engineering to concoct a Frappucino at Starbucks, right?  You don't need an IT degree to flip burgers at Mickey's Ds either!  These however are the GROWING employment “opportunities” in the society, while those nice high paying jobs as Corporate Lawyers and Energy Industry Shills are ever decreasing here.  So by Charles Hugh Smith logic, obviously what we need to do here is shut down more Colleges also! But why stop there?  Face it, you don't need a High School diploma either to Wash Cars or Cut Lawns or serve the tables at Red Robin or Fridays or stock the shelves at Walmart.  Hell, you don't even need to know how to add or subtract!  The POS terminal does that for you!  About all you really need to know is how to read and how to sign your W-2 form for the IRS.  Otherwise you basically fulfill a Robotic Function in the society, which of course is ALSO replaceable by actual ROBOTS!

So now with the cost of Minimum Wage workers rising, of course the SOLUTION to this one is to substitute real Robots for the low skill set workers, which of course further depletes the number of jobs available even for Elementary School Graduates!  Why bother going to Skule AT ALL?  Just fuck it, it is clearly a WASTE OF TIME!

Not just a waste of time, but a waste of money too! WTF are we all paying HUGE TAXES to keep these fucking Elementary, Middle and High Skules open?  The WASTE is incredible!  Bloated Administrations, massive Pension obligations, this is just a total MONEY SINK!  The damn Teachers and their Unions allow sub-standard teachers to keep teaching also!

So quite obviously here under the Charles Hugh Smith Memorial Economic Recovery Program, what we need to do is get rid of all the schools and all the teachers!  Shrink it down, let the Supply match the Demand! LOL.  The “Free Market” should determine who gets an education and who does not!

Of course, I am stretching this one out to its logical conclusion and doing some exaggeration, and even a dimwit Capitalista Libertarian like CHS would unlikely be in favor of eliminating all schools down through HS level.  Although not sure on that one, perhaps he would support that idea, as long as for pay Private Schools were made available for those who could afford them.

This IS though the fundamental argument that is being pitched out.  We have too many schools graduating too many people with advanced degrees, and we don't NEED them!  So therefore, we should eliminate the schools in order to reduce the number of graduates in order to meet the actual demand for such graduates.  Just like the Chinese should shutter over capacity in Steel and Coal Mining.

If you accept this idea as TRUE, then just how exactly is it that there is any social mobility whatsoever left in the society?  If you shut down Law Schools and Med Schools and Dental Schools in order to reduce the number of graduates from these institutions, then HTF do people enter those professions, since they are Gate-Kept and require a degree from such an institution to practice? In addition, if there is truly a “glut” of such folks, then WTF are their salaries so high?  My lawyer billed out at something like $400/hr for his work on my WC case, which thankfully I did not have to pay but the losing Insurance Company had to pay, which also of course was very gratifying for me and profitable for my lawyer. LOL.  My Neurosurgeon charged something like $1000 every time I stepped through his office door, whether I saw him or not, and with the exception of one time for about 10 minutes in the office I never did.  He only showed up for a reasonable period of time of like 3 hours when he carved up my neck during the surgery, although I didn't see him then either since the Anaesthesiologist had me knocked out cold.  I did not see him ever afterward either, just Nurses and apprentice Doctors on the neurosurgical ward. For this 3 hour period, I got charged around $150K, or $50K/hr.  Even accounting for the Neurosurgeon, his Assistant, the Anaesthesiologist, 2 Nurses & 2 Technicians, HTF do you come up with a bill like that for 3 hours on the table?  Somebody is padding the bill, that is how.

If there truly were too many people graduating Med Skule with Neurosurgery degrees, Neurosurgeons would not be able to charge anywhere near such outrageous fees.  If there truly were too many people graduating from Dental Skules, dentists couldn't charge their outrageous fees either.

Unlike the Lawyers though, the Dentists caught on to this trend a lot earlier and began shutting down Dental Skules in the 90s, at least according to CHS.  So an artificial scarcity is maintained in order to keep the salaries up.  Unfortunately for the Dentists though, fewer people all the time can afford their charges, and so more people like me head for Mexico to get Dental Work done, at about 20 cents on the dollar there. lol.  In Alaska, a Dentist will charge $300 to yank a tooth out of your mouth.  Down in Mexico, an equally well trained Dentist will do the same thing for $25.  This is a good deal less than 20 cents on the dollar, but for stuff like implants it is higher so I averaged it out. lol.

The Doctors are not doing much better here, their internship system is in complete dissaray, and Ph.Ds even in the science and tech fields are not doing too good.  So why do people continue to go into these programs and work up huge debt bills they are unlikely to ever be able to pay off, until 25 years down the line the debt supposedly will be “forgiven”?

Two main reasons.

First off the myth still exists that Education is the ticket out from a low paid job and into the Upper Middle Class or even the Upper Class of the society.  Although your chances are SLIM these days of landing one of these high paying jobs even with the education, without the education the chances are NONE.  So you essentially roll the dice with a $200K gamble that you will be one of the lucky few who gets one of the few plum jobs still left out there. Practically speaking however, those jobs are going only to graduates from Top Tier Universities like Harvard, Yale, MIT, Princeton, Columbia etc.  If you went to Indiana State University, you are pretty much SOL unless you were Valedictorian, and there can be only one of those in a graduating class.  The cost for those top tier universities also have gone through the roof, so you don't even have to go to grad skule to work up a $200K bill.  Tuition, Room & Board at Harvard is now over $60K.  That's $240K for a 4 year undergraduate degree.  You really want one of those top Wall Street jobs, it's another $159K for a 2 year MBA, ringing up a Grand Total of right around $400K.  You better land a job at Goldman pretty quick here!  I'm not even sure you can do this entirely on loans, I think you are capped at $200K.  So this Career Path is pretty much only for kids from already rich parents who can pay the freight out of pocket.  Say good-by Social Mobility!

The second main reason the Students are taking out these loans is because it delays going out into a workforce where there aren't even decent full time jobs, and the loans provide them money to live on during the 4 years they are studying….something.  I'm sure by now many of them realize that when they finally do walk out the University Door their Sheepskin won't do a damn thing to help their job chances, but at least they get 4 years to learn something or party or both.

So, clearly here the model is failing, and the process of shutting down professional schools is beginning, and smaller private colleges are also shutting down.  The Public Universities are still getting funded by taxation, but even their Tuitions have ratcheted up so you'll walk out of one of them with a decent size debt also.  Bernie Sanders promised a FREE College Education for everyone, but precisely how he would have funded this is an open question.  Bernie is not getting elected anyhow, so it's doubtful we see this solution anytime too soon.

With public universities themselves requiring students take on a lot of debt, more of them will decide to forgo college, resulting in smaller numbers of students, further stressing the University budgets.  More professors will be laid off to close the budget gap, and fewer spots for newly graduated Ph.D.s will be available, leading to a still larger glut of the “over-educated” on the unemployment lines.  This is a typical Deflationary Spiral.

So what is the Model for the future here?

Well, if Politicians would admit the current model is failing, we might have a chance here, but of course they will not admit that.  The myth that a College Education is the ticket to a high paying career needs to be maintained.  Besides that the Banks also need students to keep taking out loans so they stay afloat, with the assumption here that Da Goobermint will eventually Bail Out all the delinquent loans.  So they'll keep feeding the Zombie as long as they can.

In reality, the entire education system past Elementary School should be scrapped.  Once they have learned the 3Rs, students should be given Internships, beginning with learning how to grow food with permaculture, hydroponics and aquaculture. Then an internship in building shelters from avilable materials and scavenging and repurposing old equipment.  Then an internship in food handling and preservation and butchering animals. Then an internship in Stone Tool Knapping for the future when all the old metal tools have rusted away. After that they can do an internship in Medicinal Herbs and basic First Aid including setting broken bones and treating gunshot wounds, which there are bound to be a lot of until the ammo runs out.  Then they can do an internship in basic dentistry, how to do tooth extractions and how to mend broken teeth and make appliances like bridges and dentures.

Each of these internships could be 1-2 years in length, working under the tutelage of a current expert in the various fields, or as close to an expert as you can find anyhow.  So if you start at Age 13 after graduating from the 6th Grade, here is your SUN☼ Foundation Internship Education Plan: 1- Food Production- 2 years- Age 13-15
2- Shelter Building- 1 Year- Age 15-16
3- Scavenging and Mechanics- 1 year- Age 16-17
4- Food Handling & Preservation- 1 year Age 17-18
5- Stone Tool Knapping- 1 year Age 18-19
6- Medicinal Herbs and Basic Medicine: 2 years Age 19-21
7- Basic Dentistry: 2 years Age 21-23

Upon completing all the Apprenticeships, everyone will have basic training in all necessary tasks for the society.  Obviously, not everyone is equal in ability and some will be stronger in some areas than others, and they may specialize in an area over time if they happen to be good at it, moving upward to Journeyman and Master.  However, everyone is taught the basics and the final Graduation around Age 23 is a good age to then start a Family of your own to continue the cycle.

Apprenticeships are all Unpaid, you just get your Room & Board.  All the Masters are also Unpaid by the Students, training new practitioners for all specialty areas is a requirement in order to practice.  Ideally this would run under a Potlatch Gift Economy with no money in the society at all, but it could also be run using a LETS currency system.

Because this is a practical solution which addresses the actual needs we will have moving into the future, you can be sure it will not be implemented until after the current economic and education models completely crash.

However, we will be Waiting in the Wings at SUN☼ with this model ready to implement when the time comes to Build a Better Tomorrow.



Rat Kidneys, Science and the Promethean

Off the keyboard of Lucid Dreams

Published on Epiphany Now on May 5, 2013

Discuss this article at the Epicurean Delights Smorgasbord inside the Diner

I recently finished a semester at our local community college where I took prerequisites for their nursing program. I was 33 taking 13 hours of classes in this bastion of hopium, wishful thinking, and just plan reality distorting dysplagia that is American higher education…or whatever the hell it’s called these days. My classes were Anatomy and Physiology 2, Medical Terminology, Probability and Statistics, and Compter Science 101, and each class had it’s own brand of incompetence, egomegaly superhero professors, and creative academic bullshit as required reading. I’ll be taking you on a quick tour of what economically accessible higher education looks like in America in 2013 in the following expose.
I’ll start with CPT 101 (computer science) since it represented the absolute pinnacle of what a pointless waste of brain cells college has become. The first class our instructor told us that she was only going to be our instructor for a couple of classes. Apparently she was going to be teaching at the community college in the next town and couldn’t be bothered with us. The first three classes involved a pre-digital literacy test followed by me spending time online at the doomsteaddiner due to the fact that there was nothing for me to pay attention to. When our next instructor arrived it got interesting. She had the worse case of ADD I’ve ever seen, and we got to be subjected to it on the overhead whenever she could be bothered with actually showing up to class. 10 minutes late was early for this magnificent specimen of a 21st century college professor. A month goes by and there hasn’t been so much as one powerpoint presentation about what the internet is, or what a computer is, or what Microsoft is…nothing. Just more doomsteaddiner surfing.
One day, the entire class and I were still sitting on the floor in the hall, 15 minutes after class had started, with no instructor. Usually this wasn’t a problem because we’d all just go in the room and get online to do what we no doubt would all probably be doing anyways if we were at home…only not getting college credit for it, except this day the class room door was locked. At any rate, I decided, all at once, that I didn’t go to war and drop bombs on Afghanistan so that I could sit on the floor in a hallway waiting on some incompetent twit to get her drunk ass out of bed to come spread her ADD around in an academic setting. I got up, walked to the next classroom, opened the door, and grabbed a random professor by the neck and said “hey bub, how bout opening our classroom door so that we can get up off the damn hallway floor?” That set a chain of events in motion that I was sure would get the ball rolling in our classroom. The head of the department ended up in our classroom that day. Our instructor rolled in 20 minutes late and then disappeared with the head of the department. The next class…there our Miss Incompetent was, on time and in class ready to spread her ADD around on the overhead in the name of computer science. I was thrilled that the head of the department apparently found it reasonable to put her back into position as the professor seeing as how she had taught nothing and been on time once all semester.
She was on time for the next two classes before she got back to her usual ways. One day, 18 minutes after class had started, still instructorless, I decided to check my school email. That’s when I noticed that she had just sent us an email stating that she was still in court and class had been canceled for the day. WTF I thought to myself. A couple of weeks later and she decides to assign us a project for Microsoft Access after we had already taken the Access chapter exam (having not been taught anything about it in class mind you). I got pissed off about the fact, as did others, and we began making a general consensus ruckus about what an outrage it all was. This resulted in the head of the department getting involved again.
This time she decided to shit can Miss Incompetent. We had three classes left of the semester at this point. Our replacement professor, and apparently second in command of the department, took over at this point. The first class was a powerpoint presentation on how awesome her 21 year old son was. He was a black homosexual who had moved from the Upstate of SC to Hollywood where he was pursuing a career as an actor. We got to see his facebook page and a bunch of head shots of him. Apparently he is a great and sweet man who bagged a roll as the local retard who throws rocks at Van Diesel who’s babysitting the neighbors kids or some stupid shit. He got about a minute on screen and shouted some retard slogan. Captain second in command of the computer department assured us that her son was destined for great things on the silver screen and then dismissed us from class. This was the best the school could cough up for the last couple of classes.
Next I’ll cover the only online class I took, Medical Terminology. This was the only class that I took that wasn’t a requirement. Of course, I was taking it because I was told by my guidance counselor that it was a mandatory prereq. As an aside, my overly competent guidance counselor had a degree in business administration. Apparently the days of guidance counselors having some psychology back ground are over. Let there be no mistake about it, this is a business and nothing more. My Medical Terminology proctor was a successful black lady in her late 30’s. She was a doctor, of chiropractics, and had an ego that was full of dead air, but full of itself nonetheless. I found myself in her office, for a scheduled meet and greet, to help me figure out the schools online class software. There were glitches that I couldn’t figure out. She hemmed and hawed and ultimately produced no help for me because she simply did not know the answer to my questions. She didn’t have time to deal with an “online” student. She also had no idea that her head was full of hot air that had just been blown up her ass by some other academic credential dispensing goon.
At one point I had a project due that involved reading a professional medical journal entry of my choosing, writing a 250 word synopsis of it, and defining ten medical terms. The instructions on how to submit this intolerably difficult academic exercise set a new precedence in vaguery. We were supposed to submit a “copy of the professional journal entry used,” and it couldn’t be the same article that any of the other students used in the class. How we were to know what articles the other students were using was never disclosed. At any rate, I sent her a copy of the url to the article as well as documented it in the appropriate MLA format in the bibliography and called it good. A couple of weeks later I noticed that I had been given a zero on the project because I did not submit a copy of the article, only a link as well as MLA citation (which tells you everything you could possibly want to know about the god damned article’s location and point of origin). I emailed her a kind WTF, and how do I submit a copy of the article so that I can get credit for the work that I did? She emailed me back with a one liner that said “go to the schools tech department to get help” if I couldn’t figure it out. She didn’t have time to deal with it, and at any rate she didn’t give two shits about my grade.
This was the only class where an “A” was a 94, and so it was the only class that was keeping my GPA below a 4.0. The one class that wasn’t mandatory for me to take. The other three classes an “A” was a 90 or above. The other gripe I had with the class is that we were required to pay 50 bucks for online software that we never used. The good and learn-ed doctor explained to me that the company responsible for the online material stated that we would be required to enter an access code for the class at some point. Doctor Learn-ed couldn’t tell me when that day would be, but she assured me that one day I would log onto the site and be required to insert that 50 dollar line of random numbers. I never had to insert that magic number.
Anatomy and Physiology 2 was ruled over by another Doctor who believed that the schools standard for Anatomy should be the same as Harvards, or any other Ivy league school for that matter. He liked pointing out how our required text book was wrong on every occasion where it was wrong. I learned quickly that studying the required text book was a waste of my time. After the first test I threw my 300 dollar text book aside and never opened it again (of course I’m not a sucker, so I bought it for 120 off ebay rather than at the schools usury store). Doctor Anatomy was at least competent and very knowledgeable, albeit under the delusion that we were here to learn. His class was the most difficult college class I’ve had in my life. I had to study about 20 hours to make an “A” on any of his exams and even then it wasn’t guaranteed that I would make an “A”. His anatomy exams were over 100 questions of him pointing to various foramens, notches, orifices, and meatuses while we recalled the overly descriptive Latin and Greek words. I made five “A’s” two “B’s” and one “F” and made an “A” on the final. My final letter grade was a “B.” The only “B” I made for the semester. I thought it was bullshit that one bad test, weighted the same as all the rest, brought my grade down to a “B.”
After class one day I got into a conversation with Dr. Ivy League about the foundations of science. Back in the 70’s and 80’s he was involved in doing research on kidney function for a large study that was being done at a large university. His particular study was about a specific symporter in the loop of Henle, which is a feature of the kidney that allows us to make concentrated urine. It’s impossible to see the loop of Henle under a slide because it’s too long. You can only see sections of it. However, there is a specific rat who’s Loop of Henle can be seen microscopically, and this rat is responsible for the majority of what we know about the Loop of Henle (as well as other kidney physiology). Dr. Ivy League was actually studying human kidney tissue in the lab, and he discovered a reaction that was different from the rat’s in the human kidney tissue. It was repeatable, and he could prove that the function was different. The dude responsible for the research at the university told Dr. Ivy league, when presented with this new information that had come to light, that it mattered not what the microscope was repeatedly saying about human kidney physiology. What mattered was what the official line said.
Now, Dr. Ivy League could prove that what the official line was saying was now wrong. He was told that he would remove this from his report and replace it with the rat physiology. He refused. This put an end to his research in histology and therefore an end to his membership in academia. No research, no books, no tenure for you. 20 year’s later, after billing pharmaceutical companies 500 dollars an hour to look at shit under a microscope as an independent contractor, and he was teaching at a local community college to pay the bills. Academia chewed him up and spit him out because he was concerned about what the microscope had to say about reality. He was concerned about the stated goals of science that feature illuminating mankind about reality. Science on the other hand, is not really concerned with reality, it’s concerned with the same thing the rest of BAU is concerned with…money. So the official line is that rat kidneys are mamallian, just like ours, and so they are close enough. And since they are close enough we can assume that they are indeed the same, and so base our allopathic treatment of human kidneys on the physiology of rats. Pharmaceuticals anyone?
Finally there was Probability and Statistics. I was actually impressed with this classes professor. She was an astute, competent, and beautiful teacher of math. She made the concepts accessible and easy to manage. The class featured a Promethean, which is a huge screen on the wall that she could write on. I didn’t have to take notes because her notes were saved and made available to us online. This allowed me to pay complete attention to her as she taught. I found it interesting to learn how the man manipulates numbers to make reality say whatever he wants it to. That is essentially what “Probability and Statistics” is about. I had questions about the theoretical aspects of the class because they seemed to be a bit presumptuous at times. I smelled bull shit with the official theories that we were to take for granted were true. However, I’m not mathematically inclined, and being 33 I no longer give a shit. I understand that it’s not about learning, or higher education, it’s about jumping through hoops to arrive as a Registered Nurse so that I can make money.
The Promethean
Now I have Microbiology left to take during the summer session. After Microbiology I’ll have met all of the requirements and will be applying to nursing school this fall. I fully expect nursing school to be about the same bullshit that I just spent the last semester sifting through. Just a bunch of shit that I’m to commit to memory so that I can promptly forget it once I’m in the clinical setting. After all, how much shit do I need to know to do what a doctor tells me to do? I’ve already been a medic for eight years. I’ve been in tough medical situations with lives depending on my actions and no doctor to tell me what to do. You can’t teach competence. All that I’m doing in college is plugging a hole that’s in place to help with the business of college. I’m required to learn about how science doesn’t give a shit about reality, and how to sit in a computer class surfing the net, and how to manipulate reality with numbers; and all of this is somehow going to make me a better murse. I’m pretty sure I can do what a doctor tells me to do now…without all of the required bullshit and time wasted. Actually, I’m pretty sure that’s what I did in high school, when the doctor cradled my balls in his hand and asked me to turn my head and cough.

Higher Education Financialism

Off the Keyboard of RE

Discuss this article at the Economics Table inside the Diner

In order to resolve the BALLOONING problem of Student Debt Default, TPTB are rewriting the laws regarding how Student Loans are to be paid back, and how long it takes to finally get your debt accumulated for learning worthless information wiped off the books.

Based on the latest set of revivions to the Student Loan laws, there is now absolutely ZERO reason not to take out the biggest loans you possibly can get guaranteed by Da Goobermint to go to school and drink beer and bang coeds for as long as you possibly can.

In one fell swoop this solves the problem of Youth Unemployment and further Money Creation thru irredeemable debt. Da Goobermint nor Private Industry can figure out how to provide decent jobs for HS Grads, so instead they will now offer further loans you don’t have to pay back if you don’t get a job upon Graduation, if in fact you actually ever Graduate.

You can go get your BA, your Masters, your Ph.D, your MBA, your JD…that works up to around 16 years in Academia! Just keep taking out more Loans! Evenif you only get a job flipping burgers at Mickey Ds at the end of it (all those sheepskins will be REQUIRED for applying for the job of flipping burgers), most you gotta pay every month is $100 for 20 years, then you are Free & Clear!

Is this stupid or what? Of course it is, just provide the damn education for FREE, it would be cheaper that way. LOL. It doesn’t put more fictitious money on the Bank Balance sheets though if you do it that way.

The Higher Education meme has been the fallback principle since the beginning of the Industrial Era.  Back when the FSofA first got settled, if you actually “schooled” past around 3rd Grade level and learned to Read and Write, that was a LOT.  Many if not most people were illiterate, but if they had a patch of land to farm they did OK and could feed themselves and family.

Industrialization though brought all sorta new “Jobs”for people to do, which took not just knowing how to read and write, but Industry Specific Knowledge, which most often was Science and Math related.  To get any of these Juicy Jobs, you hadda have quite a bit more than just knowing how to read and write and add sums.

So began the Warehousing and Sifting of the population through the High Schools, where in the early years you could learn Trades as well as Prepping for College and entry into the Upper Class, if you had the Brians to make the grade in such a track.  In my era, the College Track was a highly limited one, and in NYC sieved into a few schools like Stuyvesant and Bronx High School of Science. Overall, while Industrial Jobs were still available here in the FSofA, Warehousing through HS and teaching some trades in them worked pretty good.

Come the Late 70s early 80s though, those good paying jobs on the production line of GM began getting offshored to Asia, so now EVEYBODY in HS hadda go on the “College Track” for a good paying job in IT, except of course first off you only need so many drone programmers and second off plenty-o-Chindians are capable of writing decent code also.  The Capital flows toward any area the Labor is Cheapest, always in a Globalized economy.

The only high paying jobs that cannot be offshored really are the Gate kept professions in Law and Medicine, basically high end service economy jobs.  So in the current economy, if you at least have smarts enough to make it thru a Nursing Program, you might still find a decent paying job.  Chindians can’t dress Bed Sores over an Internet Medical Help Line.

In the decaying Industrial Economy, the “Jobs” such as they were are rapidly going to the Great Beyond.  The excess population here in the FSofA is being encouraged to stay in school for ever longer periods of time in Warehousing, in theory learning great skills which will lead to High paying Jobs when they get out, but by the time they actually GRADUATE (if ever), those jobs won’t be there.

It is falling apart as  model already, and this latest Kludge is just a means to prevent the TBTF Banks from having to write down the student loans they currently hold on their books.  Right now, the fact that in 20 years an unpayable student loan will have to be written off doesn’t matter, they can trade the paper as though it actually has some real value.

For J6P here, or at least his kids, this is the Bailout you all have been waiting for.  Take the Loans, you’ll never have to pay them back.  It is IRREDEEMABLE DEBT.  Go to school, stay in school as long as you can.  Accumulate Sheepskins, ad as you accumulate, apply for some obs they qualify you for.  At some point in the process, perhaps you are one of the Lucky Ones who actually GETS a job the Sheepskin qualifies you for!  If not, no worries, the massive debt you accumulate here only has to be paid off on at $100/mo for the next 20 years if you manage to get a minimum wage job flipping burgers anyhow, and will be discharged after that.  sooner too if you get a Goobermint Job, only 10 years there!
It is all  just hilarious. Sadly, I probably can’t get any of the latest loans and will have to pay for my Nursing Ticket out of Pocket Change, but if you are broke right now and out of a job, APPLY TODAY to the University program of your choice and take out the Loans up the Ying-Yang!

Knarf plays the Doomer Blues

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One of the continuing frustrations of online life [...]

The Pandemic Is the World’s Long Overdue Reality C [...]

Doomstead Diner Daily July 7The Diner Daily is ava [...]

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QuoteThe FACT that the current incredibly STUPID e [...]

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I wonder how much these coins have been debased? [...]

Precious tip of the day.....Buy silver NOW  She [...]

Scientists have unlocked the power of gold atoms b [...]

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I am OUT of Jury Service!  I got summoned to be a [...]

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Alternate Perspectives

  • Two Ice Floes
  • Jumping Jack Flash
  • From Filmers to Farmers

The Flim-Flam Men by Cognitive Dissonance   I suspect if average Joe or Jane were asked to identify [...]

The Coming War With China Re-posted from   (Have you noticed that (suddenly) Ch [...]

Papers Please! By Cognitive Dissonance     For those who may not know, Mrs. Cog and I live in the mo [...]

Lies, Damn Lies and Coronavirus Statistics By Cognitive Dissonance     “Never believe anything in po [...]

The Decline and Fall of Civil Society Chapter One By Cognitive Dissonance     From my perspective at [...]

Event Update For 2020-07-05 [...]

Event Update For 2020-07-04 [...]

Event Update For 2020-07-03 [...]

Event Update For 2020-07-02 [...]

Event Update For 2020-07-01 [...]

However don't expect strikes and yellow vests to fix underlying problems [...]

So how many more times are we going to hear that this is our last chance to take action in order to [...]

This is definitely not a bona fide post [...]

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The Great Pause Week 16: Cash Bounties for Scalps"The word “redskin” has been coined to refer to these trophies."Paris, June 15, 1756. Anti [...]

The Great Pause Week 15: Pirata"The white gull can bank steeply, climb, dive, and even invert, but it lacks by a large margin [...]

"The blow felt by a globalized, just-in-time, cheap-energy driven, modern consumer economy will [...]

"There are ten million times more viruses on Earth than there are stars in our universe."H [...]

The Great Pause Week 11: Son of a Lab Rat"Humans, by and large, seem unshakable in their beliefs that skin color, religious affiliation, [...]

The folks at Windward have been doing great work at living sustainably for many years now.  Part of [...]

 The Daily SUN☼ Building a Better Tomorrow by Sustaining Universal Needs April 3, 2017 Powering Down [...]

Off the keyboard of Bob Montgomery Follow us on Twitter @doomstead666 Friend us on Facebook Publishe [...]

Visit SUN on Facebook Here [...]

What extinction crisis? Believe it or not, there are still climate science deniers out there. And th [...]

My new book, Abolish Oil Now, will talk about why the climate movement has failed and what we can do [...]

A new climate protest movement out of the UK has taken Europe by storm and made governments sit down [...]

The success of Apollo 11 flipped the American public from skeptics to fans. The climate movement nee [...]

Today's movement to abolish fossil fuels can learn from two different paths that the British an [...]

Top Commentariats

  • Our Finite World
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In reply to Tim Groves. I take your points Tom I agree that they have wrecked their own country and [...]

In reply to JMS. >> It’s not easy to see what the world will look like in say July 2021. I thi [...]

In reply to Harry McGibbs. " still retains its glitter and was still lingering at near a [...]

In reply to Minority Of One. The first part of the video talks about the floods and other natural di [...]

In reply to May Hem. Better education, with Victorian ideas of discipline, is likely to generate mor [...]

I don't get it. For years this blogger and others like Martenson have been on about the fragili [...]

In reply to steve from virginia. This Brookings webinar goes over some of the ground discussed here [...]

In reply to Ken Barrows. Everything is bullish! [...]

Also, it's very possible we could send the virus packing if everybody would just wear a face-ma [...]

The crux of the problem is that what Chris Martenson has christened the "Honey Badger Virus [...]

RE Economics

Going Cashless

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Simplifying the Final Countdown

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Bond Market Collapse and the Banning of Cash

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Do Central Bankers Recognize there is NO GROWTH?

Discuss this article @ the ECONOMICS TABLE inside the...

Singularity of the Dollar

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Kurrency Kollapse: To Print or Not To Print?

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Of Heat Sinks & Debt Sinks: A Thermodynamic View of Money

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Merry Doomy Christmas

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Peak Customers: The Final Liquidation Sale

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Collapse Fiction

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Globally, subtropical circulation in the lower troposphere is characterized by anticyclones over the [...]

Numerical models are being used for the simulation of recent climate conditions as well as future pr [...]

This study aims to provide improved knowledge and evidence on current (1986–2015) climate vari [...]

In many countries, urban heat island (UHI) effects come along with urbanization in metropolitan area [...]