Krugman on the benifits o' Edukashun

[lsanderson]

Degrees and Dollars
By PAUL KRUGMAN
Published: March 6, 2011

It is a truth universally acknowledged that education is the key to economic success. Everyone knows that the jobs of the future will require ever higher levels of skill. That’s why, in an appearance Friday with former Florida Gov. Jeb Bush, President Obama declared that “If we want more good news on the jobs front then we’ve got to make more investments in education.” More

Comments

[don-fitch.livejournal.com]

As so frequently happens, I think Krugman is correct. But he only barely alludes to another aspect -- with modern communications, many education-based jobs can be (and are, already) outsourced to countries (notably India and China) where the number of well-educated people has recently increased, and where there are a _lot_ of such individuals who will do the work for much less money than American ones would expect and demand. From a Global point of view, that's good -- it raises the human living-standard -- I guess, but from a purely local one... it looks as though we'll need to do some readjusting.