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"how to go from here to here" ah yes, how to go from a better paid and more skilled profession to a worse paid and less skilled one

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So the drop in production is also western propaganda?

Yeah, USA's nominal GDP is about $7 trillion more than China's, and the per Capita GDP of the US is much higher. There's some serious shenanigans going on here to put China about the US.

“They could get students desperate for a better life on the hook.”

Replace students with homeowners and life with house, and this is what I think is happening in the real estate industry. Agents selling buyers a pipe dream of being able to afford more expensive homes than they truly comfortably can.

Wow. So many things wrong there

How much of the NASDAQ is represented by Microsoft stock?

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Tintin is mostly Belgium

I wonder how much upward pressure on price the increase in enrollment causes. I imagine the percentage of women going to college has shot through the roof since 1980.

I think on America we only care about feeding the college machine. If you are in high school and don't plan on going to college, the guidance counselor has nothing for you. I went to high school in both the USA and in the UK. In the UK it's 5yrs, and in your 4th year you start going to apprenticeships a few afternoons a week where you start to learn a trade, car body repair, brocklayer, plumber, etc.. after 2yrs of that, you finish school, and they take you on as an apprentice.

I love the fact that it's the government's fault, like they threatened the universities to rise tuitions, and not the greedy university administrators

And it's amazing (and terrifying) how many Americans seem to be ok with it.

Agreed. I have no data on the faculty vs administrative ratio from 50 years ago to today, but at my college just in the last decade or two, the number is pretty telling, and is a peek into where that increased tuition money is actually going. I can assure everyone that it isn’t dumped into faculty salaries!

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Chávez wins the elections in 2002. After this, signatures start being collected in 2003 to request a referendum to have him step down.

Government finds out which employees of PDVSA (the State’s oil company) signed in favor of the referendum, violating the right of a private vote defended by the constitution, and has them fired.

Obviously, the country still required the company to produce, so they replaced expertise and experience with political loyalty, which is also the reason production has declined ever since.

Source: My dad was one of them.

Bonus fact #1: the list of signatures against Chávez is called the “Tascón List”, and was used to ensure the fired employees weren’t in the payroll of any oil companies, including foreign ones with permits to exploit, by threats of steep fines and remotion of such permits.

Bonus fact #2: same thing happened with Maisanta, the so-called “Socialist Company of Agricultural Production and Development” in 2004 (Source).

Bonus fact #3: Same thing happened again in 2016, when calling for a referendum to have Nicolás Maduro step down (Source in Spanish).

My thoughts exactly

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Serious question: Has financial aid also increased over the same time period? Nobody ever seems to include that in their analysis. Its a pretty big part of how many pay their college tuition, especially at public universities.

the other question is how has inflation outpaced gov inflation numbers over the last 40 years.

Prices have increased in the new year

Sankey diagram.

Source
Tool