The education question is a conundrum. Education is almost a requirement for social mobility, but the number of jobs that require education is very limited, so it is hardly a solution.
Michael Perelman Economics Department California State University michael dot perelman at gmail.com Chico, CA 95929 530-898-5321 fax 530-898-5901 www.michaelperelman.wordpress.com From: [email protected] [mailto:[email protected]] On Behalf Of raghu Sent: Wednesday, March 26, 2014 9:05 AM To: Progressive Economics Subject: Re: [Pen-l] NYT column on Piketty book "Capital in the Twenty-First Century" On Tue, Mar 25, 2014 at 8:42 PM, Michael Smith <[email protected]<mailto:[email protected]>> wrote: On Mar 17, 2014, at 3:09 PM, raghu <[email protected]<mailto:[email protected]>> wrote: > > > Well it is true isn't it, that investing in education and skills is a good > way to reduce wage inequalities? Is it? Why? Won't it just mean that we have more paupers with PhDs? I don't know. I think there is something inherently contradictory in that idea. I cannot conceive of a plutocratic society that allows the proles to have access to high quality education. What use is it to be rich if everyone can have good food, shelter, healthcare and education? -raghu.
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