Take on the 800-lb Gorilla

Source: US workforce: paying young Americans to learn the right skills I made the following comment. Someone has to take on the 800 lb gorilla.  I have seen it in action up close and Bill Gross has pointed out that it really is an 800 lb gorilla.  Here’s Bill Gross. “…To radically change the system…would […]

“Evidence That Robots Are Winning the Race for American Jobs” (NYT) But Here is Why, and They Shouldn’t

Source: Evidence That Robots Are Winning the Race for American Jobs – The New York Times I wrote why, at least in my opinion> The keyword is “SKILLS”, as in “If you worked in Detroit for 10 years, you don’t have the skills to go into health care..” (quoting Prof. Acemoglu) I don’t believe that […]

Demand for H1-B Skilled-Worker Visas Forces Agency Into Lottery – WSJ

U.S. demand for foreign skilled-worker visas surpassed the entire year’s mandated supply within five days, prompting the government to say it will award them through a lottery. Source: Demand for H1-B Skilled-Worker Visas Forces Agency Into Lottery – WSJ I wrote… To paraphrase, “It’s the flood of certification, and paucity of education, stupid.”  In other […]

America’s labour market is not working – FT.com (Could It Be Education?)

In 2014, 12 per cent — close to one in eight — of US men between the ages of 25 and 54 were neither in work nor looking for it. This was very close to the Italian ratio and far higher than in other members of the group of seven leading high-income Source: America’s labour […]

Gap Widening as Top Workers Reap the Raises – The New York Times (It’s NOT the lack of degrees – It IS the lack of education.)

For most American workers, including many college graduates, the economic recovery has not meant significantly higher wages, research shows. Source: Gap Widening as Top Workers Reap the Raises – The New York Times I explained. “The cause of this phenomenon is staring us in the face. It is our beliefs that a college education is […]

Evidence That Schools That Educate Graduate Students Who Are in Big Demand

Uber…put up a billboard outside Carnegie Mellon’s computer-sciences building that said: “We are looking for the best software engineers in Pittsburgh.” Graduate students are being approached to work at the company. Source: Carnegie Mellon Reels After Uber Lures Away Researchers – WSJ This is a story about one of the top schools in computer science […]

“Class of 2015 Is Summa Cum Lucky in the Job Market” But Who Knows for Sure, Given the Data Source

Source: Class of 2015 Is Summa Cum Lucky in the Job Market – WSJ I wrote, “You write that, “…Members of the class of 2014 had an average starting salary of $48,127 a year…according to the National Association of Colleges and Employers, a group made up of schools as well as companies that recruit from […]

The Game Isn’t Rigged?

Can my working-class students avoid years of underemployment?… …As you learn quickly here in Vegas, the game isn’t rigged, but the odds don’t work in your favor. Source: Long Odds in the Game of Life – NYTimes.com  I commented. I’m sorry, Brittany. I really am. It is rigged; big time. I’m a former math professor. […]

The Headline is Correct; But For the Wrong Reason

Why getting a four-year bachelor’s degree brings large benefits to those seen as marginal. Source: College for the Masses – NYTimes.com Here is my comment. “Back then, a high school education was the new ticket to the middle class. Today, a college education is.” This is patently not true. Study after study contradict this – […]