We can’t all be high-end service workers in an hourglass economy

Ddoublep on the fallacy of thinking that higher rates of education will automatically create equitable wealth redistribution. For expansion on his closing thought, see Wilde’s ‘The Soul of Man Under Socialism’ : “The fact is, that civilisation requires slaves. The Greeks were quite right there. Unless there are slaves to do the ugly, horrible, uninteresting work, culture and contemplation become almost impossible. Human slavery is wrong, insecure, and demoralising. On mechanical slavery, on the slavery of the machine, the future of the world depends.”
[http://www.marxists.org/reference/archive/wilde-oscar/soul-man/]

Punditocracy

quotation marks

Sometimes things seem blatantly obvious to a person but doesn’t appear to be so to others. Maybe you’re the type to speak your mind anyway. I’m an insular person and a relatively slow thinker so I don’t often mention it, because surely I must be missing something. But then someone way smarter, and quicker, essentially makes the same observation and I feel better.

Matt Bruenig on education and inequality:

In closing, it is perhaps helpful to rehearse the reason why education won’t solve our distributive woes. Education confers upon people some absolute advantages that are not zero-sum, but more than that it confers upon people positional advantages that are more or less zero-sum. Education puts you above others in the competition for scarce high-paying economic positions. Our joint-production economy can sustain only so many managers, accountants, engineers, bankers, lawyers, and so on. Minting new degrees does not cause matching jobs…

View original post 389 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: