College Education Value

Estimates of a college education’s value range from about $800,000 to as much as $1 million.

However, I find it’s a fictitious figure, only comparing what someone can earn over a lifetime with a college degree, as opposed to earnings of a laborer working at minimum wage for his or her whole life.

An assumption is made that all non-college jobs are non-skilled. Many skilled jobs that do not call for a college degree, such as electricians and plumbers, pay far better than college-bred positions.

Eliminate janitor-type jobs from the conventional comparisons, and the comparison gets completely skewed. (See the Earl J Weinreb NewsHole® comments.)

Non-Profit Companies are Preferred?

The public usually gets the impression that non-profit companies are good and for-profits are not.

That non-profits are there to be helpful; the others may be greedy, seeking nothing for the public or consumer but profit for themselves.

The public have been taught by politicians and the media that somehow profit is a dirty word. Unless, of course, a member of the public loses a job. In which case the boss has no profits with which to pay salaries.

But then again, for-profits must have cheated to get their earnings, if you listen to the populist media expositions.

However for-profits have an upside, in that they are seen as more competent. Too many have had run-ins with the post office and motor vehicle personnel. (See the Earl J Weinreb NewsHole® comments.)

Global Warming False Alarms

Expensive global warming regulations have been based on what we are now learning are global warming misconceptions.

And what about ethanol production? It is expensive because the fuel is not efficient. And the product of a source of food that is becoming more expensive because of its diversion to energy use.

The outlawing of incandescent bulbs, and the buying of costly compact fluorescent light bulbs instead, is another instance of the need for rethinking some of the global warming nonsense.

What about green car manufacturing and the plans of companies who are going "carbon neutral." Lots of talk, and huge expense, and bankruptcies. (See the Earl J Weinreb NewsHole® comments.)

Future Job Growth Prospects

Getting to know what jobs will be plentiful in the future is never easy to predict.

Consultants hired to make predictions are often wrong; they often guess. (We recently had a blog about general future prospects.)

We know that economic trends are hard to change overnight. The health care services industry appears destined to continue its growth. There will be some bumps, however, depending on legislation and unionization activity.

Also, some aspects that require delicate skills, doctors, for instance, may be adversely affected, by past legislation or continued lack of tort reform by government. (See the Earl J Weinreb NewsHole® comments.)

Producing Real Jobs

To produce real jobs you must get small business going. You help accomplish this by cutting their taxes.

And you have to cut government debt. Servicing huge debt makes it impossible to keep taxes low or to make a dent in debt reduction.

It’s really simple. The White House says it is doing the very thing. But saving negligible percentages as it actually proposes multi-trillion dollar deficit budgets is impossible. (See the Earl J Weinreb NewsHole® comments.)

New Job Opportunities

Getting the real, not the stated, unemployment rate down to a more normal 5% and below, is not going to be easy. Not with meaningless gestures.

The unemployment rate is actually over 17% when you consider the truly unemployed. Not only those who still haven’t given up seeking a worthwhile job or are on unemployment income while it lasts. The truth is, the official unemployment rate is misleading.

To get job creations going, the economy must improve. That means psychology must get better. More money has to get into households. That situation is not improving.

You simply have to get more funds into the hands of the consumer. What will do that? Lower income taxes, fast. And productive private industry jobs, fast. (See the Earl J Weinreb NewsHole® comments.)

Big 21st Century Job Growth Areas

It’s hard to truly predict the future and where the maximum potential for industrial expansion and jobs will be.

But certain areas seem assured: Data mining and processing; smart manufacturing-to-order; wireless communication

Some may not require a college education but they will need training. (See the Earl J Weinreb NewsHole® comments.)