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Twerb Jebbins's avatar

I think this mostly traces back to the liberal bromide that we'll somehow solve inequality via education without actually changing the underlying socioeconomic structure of society, which is absurd on the face of it. If you handed every student in America a PhD in a STEM field, there'd be nowhere for most of them to go. There are only so many of those positions to go around, and no amount of schooling will change that. It's all pure neoliberal ideology, maybe with a human face, but neoliberal ideology just the same.

The better solution would be to change society so you could live a perfectly comfortable life just doing lower level jobs. I got a literature degree the first time around in college, and I never tire of pointing out that if college was less expensive and wages were higher it would be totally fine to just learn about things you liked and enjoyed. What a wonderful world that would be. Instead, with tuition and employment prospects being what they are, every single aspect of the education system is tailored towards making sure you have the best chances to get one of the dwindling number of high income positions available. Everyone loves talking about education reform, but you can't consider education on its own. It is absolutely a product of society on the whole and has all the same problems. Gyorgy Luckas had that whole thing about how the most defining aspect of the Marxist perspective was looking at society as a totality, on the whole. How all the different parts functioned as part of a larger system, and that's applicable here.

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J Mann's avatar

Freddie writes: "The top 10% of the world’s electrical engineers are compensated extremely well. If that top 10% were taken by the Rapture tomorrow, the next 10% would get the compensation that went to the now-disappeared 10%."

This is something of a pointless quibble, and I'm sure Freddie knows it, but because technically correct is the best kind of correct, I think that statement is partially true and partially not.

The best 10% of the world's electrical engineers are more productive than the next 10% - on average, they solve problems better and faster, their documentation is better, and they otherwise are better at things we want electrical engineers to do. So if we Raptured them, and replaced them with new, less good engineers, the new top 10% wouldn't be as productive, and wouldn't get paid as much for two reasons. (1) Generally, a firm's maximum payment to an employee is going to be capped at the employee's expected productivity - if you're paying an employee more than they produce, you're usually better off letting them go and hiring someone you can pay less. (2) Because there's less total stuff in the world now that the former top 10% has been replaced by a bunch of new engineers from school, there is less to pay everyone, including the new top 10%.

Freddie's essential point that making everyone smarter wouldn't reduce income equality in a capitalist system is completely right. But it would make all of us better off materially, by increasing the amount and quality of goods and services and the amount of leisure we consume. But again, that doesn't take anything away from Freddie's point. :)

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