Unit2Sucks;842474877 said:
Cool, so I guess if we want to build a competitive economy based on unskilled labor in the middle 20th century I'd agree with you. I don't think the conclusions you've drawn based on the 1940's is all that relevant to the problems facing our country today.
Well, that's just a lame cop-out. I say we need the wealth resources tied up at the top more than ever now. If EVER there were a good reason to institute free technical education for inner city youth, NOW would be it. This is the exact time where the money spent on educational programs for the poor is about the best investment you could ask for.
As I drove down Telegraph Ave. in Oakland today, I thought about the poor state of so many of American cities. Boarded up abandoned buildings line much of Telegraph. Then there's Detroit, which has bulldozed not just a few houses, but entire neighborhoods, totalling 600,000 homes. Wow, what happened? Economists need to study the economic drain the under and unemployed inner city people cost our economy. Not only the cost of the lack of productivity that results, but the additional costs of crime, health costs, law enforcement and all the rest to society ("Ghettoside" anyone?!) Once upon a time, a high-school educated Oakland resident could earn a middle class wage in a factory somewhere. Now, that's gone. What are these people to do? "Make better life choices!" is the resounding reply from the right. Well, high school and college attendance rates are higher than they were decades ago, yet we still can't provide meaningful employment. Not everyone will become a brain surgeon or app developer. And even if all the uneducated young adults in America did, would there be THAT many surgeon and app developer jobs available to them? No, we've simply abandoned a large segment of the population. We make ourselves feel better by using the "better life choices" statement. But it's hollow and cruel. You'd think America could and would do FAR better than offering meaningless platitudes to the poor. (I'll admit this is a bit of a non-sequitor, given my conclusion below. I actually wrote it responding to another post, but decided to include it here instead. I think it still applies, given the lack of job security and opportunity the uneducated are faced with.)
So think of the millions of Americans who conclude that the economy has left them behind. Well, it has. Higher education is harder to afford. Achieving in school is especially challenging in a tough urban environment.
So that's what we should be doing with the billions at the top. Instead of allowing them to accumulate even more there, put them to good use teaching inner city kids how to code. Show them that there's a much more lucrative life in high tech than there is in selling drugs.