Well, of course, it's my opinion
but I think one of the major
things is the speed at which
foundational knowledge is
changing and especially in
the technical fields.
Just the idea that, in a tech-
nical field, half of what you
learned, when you started
your 3rd year if study, would
be outdated, was particularly
sobering. Education is one
of those areas, where the
inflationary bust's effects
have not yet been seen. I
do think it is beginning,
though.
Today, I met with a student,
at the prestigious NWU
Kellog. Listen to this incred-
ible statement:
The graduating class is only
expecting a 20% employment
rate, down from 60%! That
is staggering. She told me
that the students, there,
are in shock - that she has
never seen anything like it,
before and that the records
do not show such a decline
ever having taken place.
If I read into it, I can suggest
that we will finally see educ-
cational institutions pay for
their gouging of the world,
being forced to LOWER tuit-
ions, in order to compete.
It should be interesting to see
play out. It's not just that we
can't afford to live in larger
homes. It's more important
to consider that we cannot
afford the education of our
children, not to mention our-
selves, if we are in those
fields most effected by the
technological juggernaut.
That's what strikes me, now,
the most.
Regards,