Sunday, 23 November 2014

Student Debt Will Elect Republicans.

Grads with debt load need good jobs.  Democrats lost half their advantage with young voters in the mid-terms.   Market-friendly politicians will look good to someone $33,000 in the hole, unable to afford a down payment on a bungalow or to kit-out a baby room.   That means Republicans and Libertarians more than it means Democrats.   Young and old, we want a place of our own and many would like to be Mom and Dad.  When the credibility of big government is in decline, voters look around.

The feel good degrees are worth a lot less than ones we actually need. The chart shows technical degrees offer double the starting salary of lib arts diplomas.  The soft diplomas have better pay increases over the next five years but that looks like catchup as they learn skills they should have had in college.
Those first years are hard on a debt-slave college grad.  She and he want to leave school and get a good job.   Jobs come from the market looking after what people need and want from each other.
The bottom scale is what you can expect your first year on the job  and the side scale is what sort of raise you can expect over the next five years.

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