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FUNNY MONEY

Filed at 3:28 am under by dcobranchi

The Fayetteville Observer editorial board falls for some shaky “thinking.”

If all of the young people who became high school freshmen in 2003 had graduated this year, North Carolina would be $11 billion better off.

You can play around with the numbers, if you like: Could we reap $10 billion for almost all? How about $5.5 billion for half?

What you can’t play around with is the logic. The report is fairly titled “The High Cost of High School Dropouts: What the Nation Pays for Inadequate High Schools.” As long as kids who drop out earn, on average, $10,000 less per year than their peers who graduate, you don’t need precise calculations to recognize a losing proposition, to understand that both individual and public interests are being disserved.

The Alliance tersely summarizes the obvious: Enabling all students to earn diplomas, if such a thing is possible, “increases overall earnings potential, which, in turn, benefits each state and the nation with increased purchasing power and higher tax receipts.”

And a college degree is worth, say, another $10,000; a Master’s, another; and a Ph.D. yet another. So when the greeters at Walmart all hold a Ph.D. they’ll each make $60,000/year.

Riiiiiight.

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Usually basic courses like 70-431 as well as 70-298 can be done after 70-528. However, if thinking of a 70-350, it is better covered after 70-547. Certifications i.e. 70-292 do not require any background knowledge as such.

4 Responses to “FUNNY MONEY”


Comment by
sam
November 2nd, 2007
at 12:54 pm

Would it maybe be better if those poorly paying jobs were not so poorly paying. Someone has to ride on the back of the garbage truck and dump remove our garbage. People still need their oil changed in a jiffy. Maybe we should be more interested in seeking ways to make sure that people are able to be paid reasonably regardless of the line of work they find themselves doing.

ZOMG!!!11! Did I just say commie pinko stuff?


Comment by
Daryl Cobranchi
November 2nd, 2007
at 1:14 pm

There is such a thing as EVA, no? The guy riding on the back of the truck is still doing labor worth approximately what he’s earning (assuming an efficient market). Giving him a HS diploma (or a Ph.D.) doesn’t change the EVA a bit.


Comment by
COD
November 2nd, 2007
at 1:18 pm

The plumbers around here don’t seem to hurting from lack of a degree. You might argue that the rush to getting a degree has created scarcity of help in the trades that are driving wages up.


Comment by
Unique
November 4th, 2007
at 7:41 am

{chuckling at Sam}

“…Enabling all students to earn diplomas…”

‘renders all diplomas a lesser value’ says Unique. Handing out diplomas just for showing up makes a diploma worthless (much as my BA is also)

Or maybe I just don’t like the word “enabling”. :p