Originally Posted By: Shannow
The whole world is feeling the current situation...China with 30M unemployed.
If unemployment is market forces at work, "swishing the bucket" to redistibute skills and location to fill the needs and opportunities (as demonstrated by the skilling up of China and India)...
Where are all the jobs going, when China is underemployed ?
Who exactly pays for all of the stuff that is the GDP of everybody, and where does "the market" get the money to pay for it ?
Is China a free market? NO. Is the US a free market? NO. What you are seeing is the misallocation of resources from government involvement.
And the more educated you are, the more likely you are to make more per hour and have more job security.
Quote:
Washington, DC – A report released today finds that only about half (53%) of all young people in the nation’s 50 largest cities are graduating from high school on time. Cities in Crisis 2009: Closing the Graduation Gap, prepared for America’s Promise Alliance by the Editorial Projects in Education Research Center, shows that despite some progress made by several of these cities between 1995-2005, the average graduation rate of the 50 largest cities is well below the national average of 71 percent, and there remains an 18 percentage point urban suburban gap.
Quote:
Nationwide, nearly one in three U.S. high school students fails to graduate with a diploma. In total, approximately 1.2 million students drop out each year – averaging 7,000 every school day or one every 26 seconds. Among minority students, the problem is even more severe with nearly 50 percent of African American and Hispanic students not completing high school on time.
http://www.americaspromise.org/About-the...IGH-SCHOOL.aspx
So people aren't
currently taking advantage of FREE school in this country. And people actually wonder why there are people that don't do as well others.