Monday, September 06, 2010

Walter Russell Mead's Blog - The American Interest

Walter Russell Mead's Blog - The American Interest: "Automation, outsourcing and unremitting pressures to control costs are going to squeeze upper middle class incomes.� What blue collar workers faced in the last thirty years is coming to the white collar workforce now.

Yet as their financial prospects darken, students’ educational costs are exploding.� Like the health care system, the educational system is being overwhelmed by rising costs and rising demand.� And as misguided government policies contributed to the real estate bubble by artificially inflating demand, government programs are burdening students with unpayable loans and contributing to relentless and unsustainable inflation in school costs."

Mead is a famous political science professor at Yale and Bard College.

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