I'm not quite as worried about the school loans and entitled parents as I am about the fact that skilled labor in this country is evaporating.
One example: there is a shortfall of 500,000 welders nationwide, which causes delays and cancellation of infrastructure projects like bridge building and repairs. Sure, it means steady work and good pay for welders and fabricators, but that drives payscale and production costs up as well, and where does the bill fall? At the feet of the customer and taxpayer.
The expanded impact of the lack of skilled labor is that under-skilled people are being put into jobs which winds up creates an increase in potential liability claims, meaning higher insurance rates, which makes projects and products cost even more.
Meanwhile we're faced with a glut of unemployed office workers and middle managment employees who are burdened with college loans and mortgages. Customer service jobs have gone overseas for cost savings.
Exports are the key to getting the economy back on track, we need money coming *in* to the country, and into the pockets of Americans. When we don't bring in foreign revenue, we're just recycling the same money over and over. That's just spinning your wheels... you don't move forward like that.
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