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Education = Economic Opportunity = Freedom

January 22, 2014 2 comments

The number one factor in economic opportunity is Education. There is no opportunity out of poverty without education. According to Janet Yellen, our new Fed Chairwoman, there is a 12% unemployment rate. According to a prominent Wall Street adviser, David John Marotta, the actual unemployment rate of those not working is actually 37.2%. He defines unemployment in its truest sense as those who want to work but do not have a job.

If you are uneducated what are your opportunities? For the uneducated your opportunities are part time, minimum wage work or government subsidy programs for as long as they last. Automation and out sourcing are making US companies more profitable at the expense of US employment. Jobs are decreasing for the uneducated. Government regulations and Obamacare, which punishes large US companies for each full-time employee and offers strong incentives for small companies to stay below 50 employees, are actually decreasing job opportunities for the uneducated. The future is automation and this requires skills and education. When jobs become available the educated will be hired first. The uneducated will be left behind in poverty.

We have entered a time where the only growth sector in our economy is poverty. It is the poor who pay more for car loans. They buy low quality, high cost food in neighborhoods that have only one corner store and no competition. They cannot maintain the required minimum amounts in a bank account and are forced to resort to check cashing stores where interest rates are high. A  lack of capital makes it difficult for the poor to make security deposits on apartments. Those who are able to rent or buy a home often furnish their dwellings with Rent-To-Own which charges high interest rates. The poor, especially the uneducated poor, pay more for everything they buy and most of what they buy is of poor quality. These circumstances keep the uneducated in poverty and dependent. They never experience the feeling of freedom to know and to grow.

There exists a huge gulf between salaried employees and hourly employees. Any time taken by an hourly employee to see a doctor, apply for benefits, or do the many things that contribute to their health and security is time taken away from their earnings. The uneducated employee is unlikely to advance without the skills that an education provides for them to rise out of poverty.

Perhaps the most debilitating factor for the uneducated is the lack of broadband experience in poverty households. The biggest disadvantage of this fundamental necessity is that much of education is done online, even in public schools, i.e. homework, teacher/student exchanges, course outlines, assignment notes, etc. Further, broadband access and social networks enable those who have it to exchange vital information. The power of these networks is lost to those who need it the most and without this access it is unlikely that the uneducated will rise above their dependence and poverty.

There is no valid argument or excuse for any child not to be educated in a country where it is free and available. It is the responsibility of every parent to insure the success of their children in a world that is increasingly complex, automated, and highly competitive. It is chilling to doom an innocent child to deprivation, ignorance, and dominance by others. The uneducated are tomorrow’s slaves today.

  “He who opens a school door closes a prison.”

Victor Hugo

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