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Welcome to Weimerica Weekly Episode 38. The podcast airs every Wednesday.
This week’s podcast covers the student loan crisis.
Weimerica Weekly is a podcast hosted by Ryan Landry that touches on the cultural, political and sexual topics that fill the mindspace of our United States of Weimerica. The politicization of all cultural and social degeneracy is examined with a focus on how it fits together.
Weimerica Weekly is produced by the Hestia Society and distributed by Social Matter.
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The student loan default rate is actually worse than commonly reported. The percentage of students not paying their loans down is over 40%. Roughly 20% of student loan debt is held by Americans over age 50. La Wik entry on student loans in America. A student loan debt clock. Zero Hedge on what student loans are being used for currently.
Thanks to G.W. Rees for the introduction and outro music. G.W. Rees’ music can be found here on Soundcloud, Youtube, Facebook, Flickr and Instagram.
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If you are interested in sponsoring Weimerica Weekly, e-mail Ryan Landry at Mrossi34228 at gmail dot com. Sponsorships start at $10 an episode, and all proceeds will either go back into the podcast or provide some compensation for your most grateful host.
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It will be interesting to see how the college-educated professional classes, especially in Blue States, react as their white collar jobs are outsourced. I’m a professional and pieces of my business are being outsourced to India. The story that the big Republican businessmen like to tell is that the unions demanded too much, so we fixed ’em right and sent their jobs away or replaced them with machines.
I constantly hear about how great Uber, Google, Amazon, and all these tech companies are. Why are Weimericans so giddy when the government subsidizes job elimination?
Outsourcing is last generation’s nightmare, honestly. Not too long ago, I stumbled into a STEM field with my BA in English with a couple minors I picked up and a great GPA in the increasingly-are 4-year college stint. I’m a consultant now and, among the typical mundanity of doing Requests for Proposals, gap analysis, and other typical orders of business, we’ve been doing a lot more “change management.”
Typically, this centers around getting a company’s workforce to adapt to new processes and technology. The future of most white collar work is heavy automation, not outsourcing. In fact, outsourcing and quality concerns are the primary complaints that lead to our RFPs for new systems and the inevitable push to save the current employees by retraining them on said systems instead of cutting them loose to go hawk horse-shoes in a world of Toyotas.
Office work has largely become factory work performed seated and in airconditioning. This is largely a product of the artificial demand for women in the workforce and their difficulty dealing with work that requires abstract thought and the resultant explosion ins clerical pencil-pushing jobs. If it is repetitive and doesn’t require much discretion, it will be automated. Even accounting and other jobs that require specialized training and certification will start to become automated as software becomes better able to render data into accurate predictions. Computers are certainly more dependable than Pajeet. It’s an undiscussed phenomenon that most managers in the US have what is at best a cavalier attitude towards their outsource/insource teams and at worst thinly veiled contempt.
I’ve long theorized that outsourcing to corporate campuses in the developing world is actually corporations hedging an investment in real estate and dominance in another country more than it is playing a cost-efficiency game in their workforce. I don’t think any Directors of X or VPs of Y actually labor under the delusion that their teams in Bangalore etc. are really generating more revenue than they eat in terms of their rabid inefficiency and crushing QA problems
I too have heard stories from friends going back to complete college or going later for that BA that the loans always come back you need 3K but qualify for 5K. This does subsidize consumption as I know one friend claimed to take the extra coin to pay for child care if needed for attending night classes or exams. I noticed they also went to Disneyworld during the same time frame. the money did not pay for child care as much as it did that very discretionary expense of days at Disney.
If I were a Millennial, I would be fighting mad at what the government had done to my generation.
I’m currently doing my MSW. If all things go as planned I’ll be just borrowing no more than 15K. By the time I graduate I’ll hopefully have only 10K to pay off, which honestly isn’t that bad. The interest rate isn’t too bad as well.
The government had no business getting into ‘loaning’ money to students or backing corporations that furnish student loans. We know this inflates costs, and allows special snowflakes to continue with their indoctrination which has little to no benefit.
Of course, this is very beneficial for the government if the desired result is to make a bunch of people even more dependent upon the government. A useless degree, and a pile of debt is a great vehicle for manipulating people to vote for things they otherwise wouldn’t. Also, by artificially inflating the costs it widens the gap between of economic and academic merit to take said classes. If said degrees are expensive, there will be grants given based on submitting to the special snowflake ideology (gender, ‘minority’, etc) vs. actual academic merit. Of course, this carriers over to the workforce.