Brian Holmes on Wed, 2 May 2012 04:57:28 +0200 (CEST)

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Re: <nettime> Edufactory & Debt Deptt: Alex Gavic is our hero!

Salut Patrizio!

Here's a quote from the article on education and its payoffs in the late great United States:

"For instance, the typical worker with a bachelor's degree in petroleum engineering earned $120,000 a year and those with a degree in math and computer science earned $98,000, according to 2010 census data analyzed by Georgetown University's Center on Education and the Workforce. In contrast, the median worker with a degree in counseling psychology earned just $29,000 and those with degrees in early childhood education earned $36,000."

Isn't this an impressive contrast? Workers in the monopoly sectors -- where prices are set by the industry and not by the market -- are making big money. Defense workers are also high up there, near to the levels of oil workers . Formerly, the wages of state workers were aligned on those of the monopoly sector. Today, no. They have fallen into the "competitive sector" which is ruled by the "race to the bottom."

Today, no matter how much education you have, the US will only pay you if you work for the industries of theft and death. I assume everyone realizes that the oil industry presently counts as an industry of theft - they get it cheap out of the ground and sell it sky-high to the consumer. Exxon-Mobil made $30 billion in profit last year, down from $45 billion in 2009. Those are historically unprecedented figures. Never has so much money been made by so few.

On the other hand, if you work in the industries of care, like social work or education, you cannot even care for yourself in the United States. Get all the degrees you want - you will only incur more debt and swell the profits of the finance industry.

Capitalism runs society for the benefit of thieves, polluters and killers. Let's all take every chance to start a revolution.

yours from the land of infinite injustice, Brian


Patrice wrote:

>From an article in this week-end's WSJ - available to subs only, but
lifted at:

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