Deficit Spending and Economic Theory.

Evidence of this is all the college educated millennials still living with Mom. I have a 30 year old nephew with a college education who lives with his mom and has a pizza delivery job.

 

Liberal arts majors that over a lifetime earn far more than comparable people who didn't go to college. How awful.

 

Actually you will have that and a plethora of unskilled people with no place to work!

 

If it was simply a well targeted infrastructure program with tax rises or other spending cuts to not blow a whole in the deficit while there's 'full employment'(NAIRU, not literally everyone in a job) then fine, good on him. But that ain't happening.

 

It's a debate that you can find multiple sites to confirm your opinion on either side but the one fact that is unavoidable is that foreign workers with better educations are in demand in this country while American kids with liberal arts degrees still live with Mom.

 

Not how awful, HOW MANY is the real question Do we need a million, two, three or never enough lol

 

'sites' lol. I'm posting stuff based upon economics research papers. Not some crude index set up by us weekly. There's a big difference. The main one I suggested you to read is a fairly standard lit review. It's evidence looked at with an even hand. But I guess that pales in comparison to your anecdote about a lazy nephew! Oh well, foiled again.

 

Old statistics that are now changing as liberal arts degrees become more worthless and skilled trades rise in value

 

IMO, the government has a "fix" to get debt under control - it's called inflation.

I wonder what you would get if you factor the inflation rate in with the GDP?

 

So in your opinion this too is "settled science" and there is no debate.

 

And you know this how? He has only spoken about a trillion towards infrastructure. On the other hand you are clearly quick to lay blame on the guy that hasn't even got a budget deal passed yet and oddly nothing to say about history..

I simply don't understand the reluctance with some to ignore known facts only embrace the unknown!

 

No, I asked if you had any. You don't.

 

Actually a free or less expensive education would help the problem. Those nations having free and/or very inexpensive tuition fees have a higher percentage of STEM (science, technology, engineering, math) graduates than the US on a per capita basis. You have it backwards, a free or much less expensive education would likely result in more STEM grads as a percentage of all grads.

 

Perfect What happens is people throw themselves in to a field of practice that takes upwards of 5-10 years to master, in the mean time SEVEN years of grads hit the streets and those area's of expertise are glutted and the new grad has a diploma in one hand his wiener in the other and the help wanted adds tucked under his arm pit, I've seen it countless times!

 

What sort of "NO" do you require, one on bended knee?

 

Interesting claim that defies logic but if you can document it I'd be interested to look at what you have

 

Not true, at least for a capitalist or free market system.

When the job market is flooded with people qualified for the job, then the value or wages paid falls significantly. It happened during the Clinton admin when Clinton opened the doors to foreign IT workers from Pakistan and India. IT wages never recovered since then.

Steve

 

So you would want fewer STEM grads? Makes sense to me........

 

You misinterpret my meaning. The MARKET will take care of its own needs.

Steve

 

And how does higher percentage in grads equate to you? More jobs created in those particular fields, or more candidates available for a finite amount of positions

 

How does it defy logic? Got anything to back that claim up? I've linked some stats below. Bear in mind the discussion is per capita, comparing nations on a per capita basis. In terms of nominal numbers the US still graduates the 3rd most STEM grads.

Source: 2015 OECD Science, Technology and Industry Scoreboard

Overall, the 40 most science-educated countries in the world saw a drop from 23% STEM degrees in 2002 to 22% a decade later. The US rounded out the bottom of the list in 39th place, with 16% STEM degrees in 2002 and 2012.

OECD

http://www.businessinsider.com/most...k-in-education-of-all-40-countries-surveyed-1

https://www.cnbc.com/2017/10/13/cost-of-college-tuition-around-the-world.html

 

Depends, how open is the field, glutting only serves to lower wages, lower the amount of jobs available and eventually only the highest achievers are hired..

make sense to you

 

Just read an interesting article on the STEM grads situation, it takes two positions - yes, there is a problem and no, there isn't a problem. See if it makes sense to you.....it did to me.

https://www.bls.gov/opub/mlr/2015/article/stem-crisis-or-stem-surplus-yes-and-yes.htm

 

The next question is do all these countries that surpass the US in stem degrees have free education and the question after that is why do so many students from those countries come to America to go to college and that begets the question of what percentage of those foreign students in your chart actually got their degrees in America.

 

The answer is yes, all these countries either have free or very inexpensive tuition compared to the US. I gave you a link to show the ranking by nation of university costs, free or otherwise - read it for your answer. As for your question about the degrees, the data would be a measurement of degree types issued by the individual nations. How else could you determine the percentage properly.

As for foreign students going to the US for higher education, what did you find? What I found is attached - the number of students from nations in Europe is miniscule, the bulk come from China, India, South Korea and Saudi Arabia. Total number of foreign students going to school in the US is 975,000 (4.8% of undergrads). Due to the extremely high costs of university in the US, these students are undoubtedly from wealthy families. In reverse, there are about 325,000 Americans that go abroad for their education - some of them taking advantage of either free or very inexpensive university educations.

http://graphics.wsj.com/international-students/