Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

Lots of good stuff in there. I found this interesting:

But who is going to pay for all the retraining? Employers? Fiscally strapped local governments? The federal government? Not likely.

Gee, how about the person who needs the retraining? I took out mucho student loans in my day and that was the choice I was faced with, take out loans or go to a lower quality school or no school. If someone isn't willing to invest in himself, why would an employer want to invest in hiring him? Student loans are some of the cheapest money around, partially b/c they are subsidized but also b/c lenders recognize that increasing one's human capital is usually a positive NPV endeavor.