The last bit of a personal dig is quite unnecessary. In the recent really long discussion, I let James have the last post on the discussion when it wandered off topic, and let another poster having the last word commenting on how long the thread was.

In any case, I see what you are saying now. The tax code and regulations discourage in-house training while encouraging spending money on paper degree mills work in two ways:

1. Employers paying for employees into formal training programs (usually at graduate level). This is a more obvious effect.

2. Here's the less obvious but more devastating effect: because in-house training is not only non-tax-deductible but also regulated against (minimum wage law and regulations against "exploiting" unpaid interns), it becomes infeasible for employers to hire kids out of high school and train them in-house while paying them $100k-200k less than what they would have paid a college graduate in 4yrs (i.e. in lieu of the 4yr education). Parents and kids have to speculatively invest in formal 4yr education (with 50% graduation rate) in order to better employment prospect. It's as if prospect owners of houses were banned from building their own houses or even pre-ordering houses, but have to buy spec houses built by speculative developers that build tract houses. The result is of course a bloated speculative building industry, and masses of products that are less suited to the needs of the consumer (in this case, employers seeking to hire). The bankers are of course all to happy to sponsor such speculative building bubble, especially when it is backed up by government guaranteed loans that can never be extinguished even in bankruptcy protection.

posted by 76.118.39...

• Mike Rowe speaks before the US senate:, JWorsman, Sat, 14 May 2011 07:33:55
  • Companies are also to blame, Mark from Toronto, Sat, 14 May 2011 10:37:52
    • Tax Code and Labor Laws, Reality, Sat, 14 May 2011 23:26:21
      • what percentage of 4-yr college grads, AeroEd, Sun, 15 May 2011 16:04:27
        • Re: what percentage of 4-yr college grads, Reality, Sun, 15 May 2011 18:27:57
          • that didn't answer my question, AeroEd, Mon, 16 May 2011 09:01:26
            • Wrong summary, Reality, Thu, 19 May 2011 15:30:26
              • I should have known that you missed my reply., AeroEd, Thu, 19 May 2011 17:52:03
                • Re: I should have known that you missed my reply., Reality, Thu, 19 May 2011 18:28:17 <-- Viewing This Message
  • I'm no econ guru but the core of his logic is sound n/m, Joeychess, Sat, 14 May 2011 09:15:13
  • I like his show, but really........., MI-Roger , Sat, 14 May 2011 08:26:15
    • Agreed.... it's plain silly, nwas, Sun, 15 May 2011 10:29:18
    • Re: I like his show, but really........., JWorsman, Sat, 14 May 2011 08:50:11
      • I should have read the article first........., MI-Roger , Sat, 14 May 2011 11:39:06
        • Re: Equipment controls, BobS, Sat, 14 May 2011 21:35:53
  • Also a video for anyone who doesn't feel like reading!, JWorsman, Sat, 14 May 2011 07:35:42

No Site Registration is Required to Post - Site Membership is optional (Member Features List), but helps to keep the site online
for all Saabers. If the site helps you, please consider helping the site by becoming a member.

• Prev by Date: I should have known that you missed my reply., AeroEd, Thu, 19 May 2011 17:52:03
• Next by Date: still not enough cash.....need 90M, Mark from Toronto, Thu, 19 May 2011 19:05:58
• Main General Bulletin Board

StateOfNine.com

SaabClub.com

Jak Stoll Performance

M Car Covers

Ad Available

The content on this site may not be republished without permission. Copyright © 1988-2024 - The Saab Network - saabnet.com.
For usage guidelines, see the Mission & Privacy Notice.
[Contact | Site Map | Saabnet.com on Facebook | Saabnet.com on Twitter | Shop Amazon via TSN | Site Donations]

Random Saabnet.com Member Gallery Photos (Click Image)