"the best way to increase wages and reduce wage inequalities in the long run is to invest in education and skills."
I'll finesse what I think is the "best" way to increase wages and reduce wage inequalities and offer this amendment to Piketty: One way to reduce wage inequality would be to reduce educational inequalities that result from the privileges of the wealthy. On Mon, Mar 17, 2014 at 1:25 PM, <[email protected]> wrote: > "raghu" <[email protected]> wrote: > > > Well it is true isn't it, that investing in education and skills is a > good way to reduce wage inequalities? > > I think that the average cost of K-12 education in the US is now over > $100,000. It seems that it doesn't do a good > job of reducing wage inequalities. > > A friend sent his son and daughter to high quality private colleges at a > cost of over $100,000. The son argued that > he could have done better with money. > > > Of course, "education and skills" are one thing and a "degree" is > another thing entirely, especially if it is from Devry Institute or similar. > > A profession seems to pay more than just having a degree. Attending a ivy > league school will pay in giving a > person contacts to help in future activities. One study found that those > from wealthy families did considerably > better than others with the same degree. > > Does the school make the difference in what one learns or is it the > courses one takes? Doesn't reading by > itself make one more intelligent? > > -- > Ron > > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Cheers, Tom Walker (Sandwichman)
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