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New Congratulations, class of 2014: You’re totally screwed
http://www.salon.com..._totally_screwed/


Congratulations, class of 2014: You’re totally screwed
College costs more and more, even as it gets objectively worse. Only people worse off than indebted grads: adjuncts

THOMAS FRANK


Welcome to the wide world, Class of 2014. You have by now noticed the tremendous consignment of debt that the authorities at your college have spent the last four years loading on your shoulders. It may interest you to know that the average student-loan borrower among you is now $33,000 in debt, the largest of any graduating class ever. According to a new study by the Pew Research Center, carrying that kind of debt will have certain predictable effects. It will impede your ability to accumulate wealth, for example. You will also borrow more for other things than people without debt, and naturally you will find your debt level growing, not shrinking, as the years pass.

As you probably know, neither your parents nor your grandparents were required to take on this kind of burden in order to go to college. Neither are the people of your own generation in France and Germany and Argentina and Mexico.

But in our country, as your commencement speaker will no doubt tell you, the universities are “excellent.” They are “world-class.” Indeed, they are all that stands between us and economic defeat by the savagely competitive peoples of Europe and Asia. So a word of thanks is in order, Class of 2014: By borrowing those colossal amounts and turning the proceeds over to the people who run our higher ed system, you have done your part to maintain American exceptionalism, to keep our competitive advantage alive.

Here’s a question I bet you won’t hear broached on the commencement stage: Why must college be so expensive? The obvious answer, which I’m sure has been suggested to you a thousand times, is because college is so good. A 2014 Cadillac costs more than did a 1980 Cadillac, adjusting for inflation, because it is a better car. And because you paid attention in economics class, you know the same thing must be true of education. When tuition goes up and up every year, far outpacing inflation, this indicates that the quality of education in this country is also, constantly, going up and up. You know that the only way education can cost more is if it is worth more.

[. . .]



Yep, even capitalist-logic is sold as a commodity to millions of the unwary.. and it's Legal, however execrable.
(Jeez, if they had an Ivy-League edjakayshun, maybe the contradictions would.. ?.. Nahhh. They were inculcated. Stronger than heroin.)
New Local adjuncts get around 1200/3 hr class/semester.
I spoke to several adjuncts that are teaching 5 classes each at two colleges (one private, one public) and are making less than 25K/year with no benefits at all and no guarantee that they'll teach any classes - adjuncts are "as needed." I went to a Math Alumni dinner a few weeks ago and the prof that had been the department chair when I was in grad school mentioned how dependent they'd become on adjuncts. He said, "These people are fantastic and we rely very heavily upon them. And in return we don't even pay them enough to buy the gas to get here. It's terrible." Several heads nodded in agreement.
New (worse than even I.. 'thought') hard to keep-up with Death-
by-a-MIllion-Cuts (in all its connotations.)
We aren't Fucked; ... we've allowed Universal-evisceration/flayed-Alive.
(socially, financially, psychologically, religiosity-(un)wise and (______)-wise.)

I cannot Imagine: what the now acceleration of these provable-trends ... culminates IN!
New The West needs an MBA purge.
New no, get them out of the board room and into the bean counter
cube farm. They are useful there.
Any opinions expressed by me are mine alone, posted from my home computer, on my own time as a free American and do not reflect the opinions of any person or company that I have had professional relations with in the past 58 years. meep
New I seriously doubt MBAs could be really effective accountants.
Too many variables.

The company President is contemplating retirement, and looking for a successor.

He calls in his head of manufacturing and asks, "What is 4 plus 3?"
"Why, it's 7 of course."
"Thank you."

He calls in his chief engineer and asks, "What is 4 plus 3?"
Looking like he's addressing a child, he replies, "Why 7 of course,
what else could it be?".
"Thank you."

He calls in his sales manager and asks the same question, and gets the same
answer.

He calls in his comptroller, and asks the question once again.
The comptroller thinks a moment, then goes to the door, checks the hall in
both directions, closes the door and returns to the president.
"What would you like it to be?"

New Sales manager would give the same answer
Only difference is he wouldn't bother checking who's listening first.
--

Drew
     Congratulations, class of 2014: You’re totally screwed - (Ashton) - (6)
         Local adjuncts get around 1200/3 hr class/semester. - (mmoffitt) - (5)
             (worse than even I.. 'thought') hard to keep-up with Death- - (Ashton) - (4)
                 The West needs an MBA purge. -NT - (jake123) - (3)
                     no, get them out of the board room and into the bean counter - (boxley) - (2)
                         I seriously doubt MBAs could be really effective accountants. - (Andrew Grygus) - (1)
                             Sales manager would give the same answer - (drook)

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