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RE: Does more education mean higher productivity and growth?

in #education8 years ago

@lemouth I was clear about this

However, it's just in the West,

That the case in the West this days it's a sad thing to watch - no degree = no high paying job even with a PHD - you have to stand out to get hired.

the jobs that used to be for Western people were given to the third world because the wage obligation is cheaper. Many speculations about Asia going to rise better than the West -

about this part - I think it's also clear - so you must have thought differently about it. I was referring to Asia.

As for the low - level jobs being given to the Asians instead - that's just happening in the West. In Asia that's only for people who don't have degrees or they have but are convicted or retired but would still want to do something than sit alone at home and get lonely.

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That the case in the West this days it's a sad thing to watch - no degree = no high paying job even with a PHD - you have to stand out to get hired.

That's actually very sad but this is indeed the situation.

Now reading again your answer, this is clear. I read too fast (in the middle of the night...). My mistake. Sorry about that. Many (European) companies are indeed moving either towards Eastern Europe, North Africa or in Asia as hiring people there is cheaper for them.