HOME



Digby's Hullabaloo
2801 Ocean Park Blvd.
Box 157
Santa Monica, Ca 90405



Facebook: Digby Parton

Twitter:
@digby56
@Gaius_Publius
@BloggersRUs (Tom Sullivan)
@spockosbrain



emails:
Digby:
thedigbyblog at gmail
Dennis:
satniteflix at gmail
Gaius:
publius.gaius at gmail
Tom:
tpostsully at gmail
Spocko:
Spockosbrain at gmail
tristero:
Richardein at me.com








Infomania

Salon
Buzzflash
Mother Jones
Raw Story
Huffington Post
Slate
Crooks and Liars
American Prospect
New Republic


Denofcinema.com: Saturday Night at the Movies by Dennis Hartley review archive

January 2003 February 2003 March 2003 April 2003 May 2003 June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010 June 2010 July 2010 August 2010 September 2010 October 2010 November 2010 December 2010 January 2011 February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018


 

This page is powered by Blogger. Isn't yours?

Hullabaloo


Tuesday, November 07, 2017

 

Unmaking the American Century revisited

by Tom Sullivan

It is election day once again. Tuesday, for no good reason. The eyes of the media will be on the mayor's race in New York City, and on races for governor in New Jersey and Virginia. Voters will not likely pause the internal horse race narratives long enough to consider what kind of world the competition is creating. They should.

Malcolm Harris wonders whether encouragement to compete against one another hasn't turned childhood itself into "a debilitating endurance test." His “Kids These Days: Human Capital and the Making of Millennials” suggests millennials' reward will not match their investment. Even as educational achievement in the U.S. climbs, wages stagnate. A millennial himself, Harris writes in the New York Times:

The thing is, we don’t even really know what we are racing for, much less how to tone down the competition. And most people don’t seem to be benefiting from this frantic contest, either as students or as adult workers. Americans are improving themselves, but the rewards keep flowing uphill to the 1 percent.
Over the period from 2000 to 2016, high school graduations or the equivalent have topped 90 percent for the first time and post-graduate degrees for people 25-29 have risen from 5 to 9 percent. The debt they incur in boosting their "human capital" was an issue in the election that took place a year ago.

But rather than ensuring a more secure future, the intense competition benefits employers more than prospective employees, Harris argues:
If firms want workers who can speak Mandarin or code Python, why should they pay trainees to learn when they can scare kids into training themselves? Within this system, all an individual kid can do is try to put a sufficient number of their peers between themselves and poverty.

There are some winners, but the real champions are the corporate owners: They get their pick from all the qualified applicants, and the oversupply of human capital keeps labor costs down. Competition between workers means lower wages for them and higher profits for their bosses: The more teenagers who learn to code, the cheaper one is.
Publisher's Weekly dismisses Harris as expecting "nearly everything in life to be remunerative. Readers will come away agreeing that millennials have gotten a raw deal but unconvinced that they represent the new proletariat." But Harris has a point.
In the ’70s, the economist Gary Becker theorized that employers would shift the costs of developing human capital onto workers, from paid on-the-job training to unpaid schooling. He figured that, though they need skilled labor, corporations would be disinclined to pay for training since other companies could then lure away “their” human capital.
But in citing Becker from 1975, Harris misses a more global trend in corporate cost-avoidance that emerged later. U.S. corporations began offshoring the cost of worker training. As I wrote in 2011:
In the Atlantic’s “The Rise of the New Global Elite,” Chrystia Freeland describes the super-rich as “a nation unto themselves,” more connected to each other than to their countries or their neighbors. Freeland writes that “the business elite view themselves increasingly as a global community, distinguished by their unique talents and above such parochial concerns as national identity, or devoting ‘their’ taxes to paying down ‘our’ budget deficit.” Thomas Wilson, CEO of Allstate, explains that globalization means, “I can get [workers] anywhere in the world. It is a problem for America, but it is not necessarily a problem for American business …” Why should it be?

In a global economy driven more and more by bottom-line thinking, public education is just another community expense the elite would rather not bear, isn’t it? The rich can afford private schools for their children and have little need for educated workers in the multiple cities where they own houses. How much education do gardeners and waiters really need anyway?
It's not just each other against whom American millennials must compete in what Harris describes as an "academic arms race." It is their peers around the world. And that world is driven by an economy and economic actors who view them as raw material to be obtained at the lowest price possible, then used up and discarded.

Something to consider when we go to the polls today. Do we want to serve the economy or do we want an economy that serves us?

* * * * * * * *

Request a copy of For The Win, my county-level election mechanics primer, at tom.bluecentury at gmail.