The end of middle class growth: What it means for the future of work, family, and the economy — from theatlantic.com by Jonathan Rauch
There is no modern precedent for America’s stalled middle class — or for the double detachment from work and marriage among low-earning men. So, what do we do now?
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Excerpt:
With the public’s continued focus on value and affordability, higher education finds itself at a critical juncture. Cost pressures and increased global demand for access have given rise to innovations that have unleashed new delivery models into the education marketplace. Such innovation is required if universities are to thrive, compete, and bring new relevance and meaning to the value of college in the 21st century.
Also see:
From DSC:
Experimentation. Innovation. Experimentation. Innovation. Fail. Fail. Succeed. Fail. Succeed. Fail.
Executing on Mary Meeker’s Vision for America: USA Inc. — from readwrite.com by Michael Tchong
Excerpt:
In true Meeker style, USA Inc. is a meticulously crafted, chart-heavy presentation. This one, though, paints a bleak picture. Most startling: America’s entitlement costs accounted for 56% of spending in fiscal 2011, 40 years ago it was just 25%. Here is more food for thought:
Also see:
To students studying Business, Economics, Religion, Political Science, and Philosophy:
Please consider — and research/define where necessary — the following items occurring in the United States today.
The fiscal cliff.
The U.S. debt limit.
Federal spending vs. revenue.
Printing money and it’s potential impact on inflation.
Recent election results.
A global economy; global competition.
The place/role of money.
Race against the machine; also see this posting.
Matthew 6:19-34.
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Then, please discuss/answer the following questions:
Some other resources to consider:
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Digital Revolution’s Winners And Losers — from Information Week by John Foley
Workers with in-demand digital skills benefit most as computers increasingly take over
everyday tasks. In this InformationWeek 500 video, MIT’s Erik Brynjolfsson discusses
how this trend could affect your enterprise.
Book description:
Wired magazine editor and bestselling author Chris Anderson takes you to the front lines of a new industrial revolution as today’s entrepreneurs, using open source design and 3-D printing, bring manufacturing to the desktop. In an age of custom-fabricated, do-it-yourself product design and creation, the collective potential of a million garage tinkerers and enthusiasts is about to be unleashed, driving a resurgence of American manufacturing. A generation of “Makers” using the Web’s innovation model will help drive the next big wave in the global economy, as the new technologies of digital design and rapid prototyping gives everyone the power to invent — creating “the long tail of things”.
Also see:
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U.S. debt $417 billion below the debt ceiling — from CNN.com by Jeanne Sahadi
Excerpt:
The debt ceiling is currently set at $16.394 trillion. At the end of August, the amount of debt subject to that limit — which excludes certain types of debt — was $15.977 trillion, roughly $417 billion below the cap. Since the government typically borrows between $100 billion and $125 billion a month, that means it’s on track to hit the ceiling sometime in December. But the Treasury Department will likely be able to use “extraordinary measures” to keep the debt just below the legal limit for a couple of months.
Bottom line:
Congress will likely need to raise the ceiling in early 2013 or Treasury will risk defaulting on the country’s legal obligations by failing to pay all of its bills in full and on time.
From DSC:
At some point, if we don’t turn things around, the vast majority of our tax dollars will go to pay for interest on our debt…and. nothing. else.
More than 16 million U.S. children currently live in food insecure households, according to the U.S. Department of Agriculture (USDA). These families too often confront a painful choice—pay bills, provide shelter, or put food on the table. To address this increasing need, nonprofits, foundations, government, and corporations must work together to make sure more children have access to the safety net programs that can provide them with the food they need to thrive.
— Collaboration and Partnerships: The Path to Ending Child Hunger
Neil Nicoll, YMCA of the USA – Posted August 27, 2012
Also see:
From DSC:
Along with a host of other trends, this is a piece of the perfect storm in higher ed. People will find a way to make a living — whether this involves “traditional” higher education or not. From a career development side of things, robotics may make these graphics even more pronounced as jobs move from being done by humans to jobs being done by robots.
Also see:
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Addendums:
Below are but a few examples that focus on money — is it any wonder that Jesus talked so much about this very subject!?!
(Second only to talking about the kingdom of heaven.)
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Addendum on 7/23/12:
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