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We have today politicians, priests, academics just the same.

Tuesday, May 30, 2017 17:50

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Via comment by Weaver on Trump Set To Roll Back Obama’s Cuba Policies

An influential left-wing think tank has called for the government to create millions of jobs for those without a college degree, leading to headlines like The Nation’s declaration that “It’s Time for the Government to Give Everyone a Job.”

One fatal flaw of such a plan was exposed in the comments section of that article, when a commentator named Ira Dember pointed out the perverse incentives that would result if the government guaranteed jobs to only those without a college degree.

Namely, that there is little incentive to undertake the expense of going to college in the hopes of finding employment, when the government will guarantee employment to only those who choose to eschew higher education!

More @ Mises

Source: http://freenorthcarolina.blogspot.com/2017/05/we-have-today-politicians-priests.html

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