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08-08-2014, 06:02 PM
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#51 |
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Too lazy to set a custom title
Join Date: Jan 2003
Location: Los Angeles
Posts: 10,376
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It is a sign of an economically challenged country when the middle class is doing less well.
It is easy to get $500,000 of debt to go to school because university endowments funnel that money back into the market, so big business likes this. It is hard to get $500,000 of debt financing to grow or start a business. I think the measure of economic health is how far hard work can get a person. I think hard work and determination should be respected, valued, and rewarded. I'm not sure that the Greatest Generation immigrant success stories are as likely today as they once were. But I believe that hard work can eventually lead to success, no matter what the starting point. Will most Millenial or Gen X citizens outperform or equal their parents' or grandparents' quality of life? Not a sure thing in middle class work-for-a-living circles and that is a problem. |
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