but how do you see these being created in practice?

Funny thing, that question. It’s asked every day on CNBC and Fox Business CEO’s and other business leaders, who are not shy in the least about answering it in copious detail.

In short, there are about a gazillion answers to that, that run from the traditional (lower taxes and less regulation) to the pithy (changes in SBA regs, paperwork issues that are repetitive across regulatory agencies, and the like).

So, we’re not short of answers; the problem is, in my view, that we have an entire political party that has decided that the business leaders who know the answers should be ignored.

I think the problem going forward is that good paying private sector jobs are increasingly competitive and the subject matter increasingly difficult, such that average person is simply not equipped by the public education system to work toward securing one even if they wanted to.

That’s certainly part of it. Using IQ as a well-known proxy for intelligence, it could be said that the IQ required to hold a good paying job has risen in recent years, as so many of those good paying jobs have been created in sci/tech sectors. But we also have a dearth of tradesmen, diesel mechanics, electricians, etc., and other areas where the average dude at IQ=100 can manage quite well, and would IF the public schools would re-embrace trades education as they once did in the past.

In an increasingly competitive system with the current economic framework, we are simply going to crush the bottom x% of the population, and it will be increasingly difficult for a significant number of them to claw their way out.

For five or six decades now we collectively have been preaching the importance of the 4-year college education; we have not been effectively preaching the need for RELEVANT education. Had we been preaching relevant education, we’d have many fewer people graduating with degrees in pop sociology, and many more taking the trade school route. So, there is a risk there, you’re right, but I think we can get that ship righted.

If a person doesn’t understand how they arrived at their own opinions it becomes very difficult to engage with them and try to reach an intelligent consensus; which is where we are now politically in the US.

Yep. My proxy for this is the number of people who reflexively call out “Fox News” when they want to cut off a debate they’re losing. It’s telling that they ASSUME that their opponent gets all their information from that source, and indicates that they commit the same error, just from the other side of the political spectrum.

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store