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In reply to the discussion: Billionaire says: "Why not become a plumber instead of going to college?" [View all]BlindTiresias
(1,563 posts)45. Hm, alright
Lots of people means the wages go down, as the labor supply is more than the demand for that labor. This means that you either have to accept the wages of, say, plumbers reducing due to increases labor supply or you have to use the licensure process to artificially limit the labor supply and therefore keep wages at a high level. Anyone in the highest tiers of the economy knows this, which means Bloomberg knows it too. He isn't suggesting that lots of people become skilled tradesmen and earn high wages, he is saying people should join the trades and increase the labor supply where their wage will be reduced and people like him can hire them for the things they need to get done at a much lower cost to themselves.
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Billionaire says: "Why not become a plumber instead of going to college?" [View all]
ChisolmTrailDem
Nov 2014
OP
Not sneered at as much anymore as English lit majors and PhD candidates.
Ampersand Unicode
Nov 2014
#78
FYI: Cosby is also a total sleaze bag, a serial sexual harasser of the worst sort. Blech.
bettyellen
Nov 2014
#123
Your statement about class stratification hits the nail on the head. Thanks.
greatlaurel
Nov 2014
#73
Glad your kids are doing well. Do check out the ideas on academic scholarships.
greatlaurel
Nov 2014
#103
Oh I get it now, if a subject is not something you think will make money then it is not worth it.
greatlaurel
Nov 2014
#105
There is a rather classist attitude that the trades are "below" white-collar jobs.
Odin2005
Nov 2014
#97
Plus at the end of the day you don't usually take work or stress home!
Red State Rebel
Nov 2014
#121
I didn't say there was anything wrong with it, and you have missed my point. I worked next
ChisolmTrailDem
Nov 2014
#7
Ideas about what? Transcendental poets and the philosophy of Star Trek?
Ampersand Unicode
Nov 2014
#86
Didn't say there was. That wasn't the point of my pointing out what a 1%er's idea of what we proles
ChisolmTrailDem
Nov 2014
#11
i see nothing wrong with it, plumbers could also more easily start their own business
JI7
Nov 2014
#34
It was just a suggestion for kids to consider.......and a very good one, at that.
WillowTree
Nov 2014
#36
I think I'd rather hear how we could alleviate student debt and protect us from outsourcing...
cascadiance
Nov 2014
#43
Oh. So you think that those working in the trades are living a "LOWER END reality"?
WillowTree
Nov 2014
#51
Like others have said here, I am not saying this, but I think Bloomberg is saying this!
cascadiance
Nov 2014
#91
Why not become a revolutionary instead of some billionaire's lackey? - nt
KingCharlemagne
Nov 2014
#39
The 1% sees danger in much education and freedom of thought and freedom of expression.
blkmusclmachine
Nov 2014
#49
Funny how the wealthy send their scions not to trade schools but to the Ivys; not to the job market
WinkyDink
Nov 2014
#52
One thing about plumbers... their jobs can never be outsourced to India or China (nt)
Nye Bevan
Nov 2014
#64
I have an MEd in Adult Community Education, among others) and 20 years as a repair plumber.
jtuck004
Nov 2014
#68
with the degree inflation caused by treating college as a revenue stream plumbers will soon
MisterP
Nov 2014
#71
Try an electrician. Mine just charged me $40.00 per quarter hour for work in my home.
mfcorey1
Nov 2014
#111