On Sun, 28 Apr 2013 18:07:08 +0000, Irreverend Dave wrote:
> Malcolm McMahon <
mal...@theriomorph.me.uk> wrote:
>
>> On Sat, 27 Apr 2013 13:46:16 +0000, Irreverend Dave wrote:
>>
>>> Malcolm McMahon <
mal...@theriomorph.me.uk> wrote:
>>>
>>>> Is the current dire economic situation a crisis, or a decline? The
>>>> new reality? How will we make a living in a world full of people who
>>>> work harder, and cheaper, and and are often better educated than we
>>>> are? Do you know where the highest concentration of Ph.D.s per
>>>> capital is? South Korea.
>>>>
>>>>
>>>>
>>> What percentage of them are actually working in the field that they
>>> studied in? What percentage are driving taxis?
>>
>> It seems the me that Ph.Ds only wind up driving taxis when they
>> emigrate to the West where we're to racist for them to get a more
>> serious job, but where taxi driving pays more than being an engineering
>> specialist back home.
>
> What exactly is that you imagine that PhD's do for a living?
Well, around here quite a lot of them seem to wind up in banking.
A more productive exercise is research.
What I'm trying to illustrate is that the advantage we once had in
education is pretty much over, and hence the idea that we can keep
ourselves in the style to which we've become accustomed in the "knowledge
economy" is probably a non-starter.
And even when living standards in places like South Korea rise, there
will be further waves of poor countries snapping at _their_ heals.