Re: College Grads--Zero future
@Bowl2300 In theory, you're right in that the current system does make conditions that are ripe for a "revolution" of sorts. But, quite honestly, people today are too lazy to start a revolution. They want to do it Tea Party style, which is complain about how bad you've got it, blame it on someone else and not really solve anything.
We are where we are for a lot of reasons, including the fact that a lot of wealth building models just don't work anymore. But a key reason is the fact that a lot of people failed to keep their skills current, ran out of opportunities and are now angry about it. Add to that, a lot of people who did play by the rules, got a college degree and tried to better themselves, are finding themselve subject to immense wage pressure that makes it hard for them to keep pace with cost of living rises.
For better or worse, one of the few things that we can control that will help get control of this issue is reducing the growth of certain costs, including health care and taxes. But we've got to do it in a thoughtful way that's about more than just screaming about what someone else has. Perhaps it's penalizing people for leading unhealthy lifestyles, dramatically retooling the cost structure of our education systems, etc. Really, this is our only option at the moment because while economic growth has certainly improved, it's not keeping pace at the rate we need to remove the slack in the labor market.