As I said before, we really want the Musks and Gates of the world to keep investing exactly the way they’re investing now and we want to keep on encouraging their choices through every tax credit, rebate, and whatever other enticement we can think of. Then we need to take that cash and start pouring it into the sciences and education. Why? Because the biggest reasons those knocked out of the job market by machines and outsourcing will not be able to find new, steady work are a) one-way globalization by nations happily trading goods and services, but severely restricting the flow of labor, and b) lack of skills for new careers and the prohibitively high price tag of acquiring relevant credentials. The former is very, very hard to solve because it’s asking certain countries to put the good of the world above their self-interest, which is political suicide for their leaders. The latter, on the other hand, is something we can take on quickly.
Right now, the typical new degree requires about $18,000 not including books, fees, and living expenses for the next three to four years. And by the time you graduate, your job may already be made obsolete by a new app or maxed out by existing candidates. You’ll also have trouble with getting enough experience in your new chosen field for employers and end up having to work an unpaid internship position just to put something on your resume. Oh and your student debt could only be dismissed by an act of Congress or an alien invasion, and given the current political climate, I would bet cash money on the aliens. Although I’m sure Sally May would keep their employees hounding debtors even while buildings around them are being mowed down by the invaders’ lasers until the bitter end, knowing how they typically operate…
This is an asinine state of affairs. We need something closer to formally accredited certification programs and really, really consider making the college degree optional again for fields which honestly don’t involve specialized knowledge requiring years of theoretical study. If we sponsor enough universities to offer them for affordable sums and actually do job training programs with major companies, we’d be giving millions of people displaced by machines new chances in life. There are trade schools and community college programs that try to fulfill this function already, but there aren’t enough, too many are just predatory scams, and too many HR departments will scoff at these credentials when they see them on a candidate’s resume. We need to tackle this as directly as possible because even management experts consider the way companies hire to be often broken and completely illogical, often indicating a management problem.
We also need to take our education system seriously, easing up on standardized testing across the board and setting our sights on helping students discover what they really want to do in life as they’re getting their general education, providing chances for real world experiences in their fields of choice. When they can see what their lives would actually entail if they choose to follow their dreams, they’ll make better choices about how to peruse them rather than play education poker with a college which views them as customers receiving a product for which they borrow many to pay and expect a bang for their buck, not students to be educated so they can acquire a career by employing the theoretical framework their professors give them.
The common thread in all this is of course lowering the financial and time commitment bars for getting to work and learning new skills as they are needed by the marketplace by getting rid of nonsensical requirements that don’t actually help students or adults looking to make a change. Not only would it help them immeasurably, but they could give them a chance to explore their potential, try more new things in life, and live up to their aspirations without sticker shock. Yes, we could try to create some sort of minimum national income for all citizens as some suggest, but other than the many social questions this idea raises, questions we’re obviously not ready and willing to answer, passively reacting to a decline in jobs and income growth for the 99% by widening the social safety net and hoping that we can change things by doing exactly what got us into this mess in the first place, this approach would kill the potential of millions.
Today we’re snuffing out engineers, writers, doctors, and designers by under-educating them the first 12 years of their schooling, bilking them the next four, and subjecting their resumes to death by a thousand keywords and buzzwords. Just giving them some money while placing all their goals even further out of reach isn’t going to do any good whatsoever. What we need is a lot more moon shots, crazy inventions, and government aided competitions for solutions to our big problems; big picture thinking that asks “what about tomorrow?” rather than “how do I make a buck today?” We got into this mess by taking the easy way, by assuming things won’t change. More of the same solutions to our problems, like Piketty’s wealth tax, or standardized testing, or more lopsided free trade deals, or pouring our money into another bubble, won’t get us out. We need to rethink our priorities and focus on investing in a new post-industrial world where basics like education, wealth, and jobs, aren’t just zero-sum games.