The college graduating class of 2012 is in for a rude awakening as they head out into the workforce. A new study says half of all college graduates are unemployed or underemployed. KXLY4′s Colleen O’Brien reports.
Duration : 0:2:33
Graduating college students facing bleak job market
November 17th, 2012
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1) How are you …
1) How are you defining “upper class”Well we have examples for however you would like to define it, culminating in figures like Carnegie ( mentioned earlier) who became one of the wealthiest men in the country AS A FIRST GENERATION IMMIGRANT, starting out as a factory worker.
If the structure in Feudal and Aristocratic Europe was so similar, why was the elevation of penniless commoners into the ranks of the Aristocracy in that case so profoundly rare by comparison.
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Well you of course …
Well you of course have the freedom to think as you will, but I have given you some pretty conclusive facts.People with virtually nothing immigrating to a country with millions of inhabitants and graduating to the upperclass within two, three and in some cases even ONE generation is not compatible with the classical notion of an Aristocracy.
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America’s economic …
America’s economic practices are identical to the feudal and aristocratic societies,But you have to consider something. The immigrants comming here, most of them have been the descendants of european society, whereas the native americans didnt have money economies for the most part. We had trade economies. Thew new immigrants brought the old world lifestyle with them over here, making this much more similar to the old word.
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There were millions …
There were millions of people here before those immigrants arrived. If America was identical to the old Feudal and Aristocratic societies, you would not have immigrants becoming part of the upperclass in two or three and in some cases even in the very first generation (Andrew Carnegie) . In 2012 most Americans are immigrants, but while all of this was unfolding they were not. -
That is due to the …
That is due to the difference of the u.s’s established history.You could say that most millionares are descendants of immigrants,
But then again most of the nation is descendants of immigrants.So that means the millionares are bound to be immigrants’ descendants
If we were in a country that was landlocked with other countries im quite sure you would see more “old aristocracy”
Btw ..our discussion reminds me of the great gatsby
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I thought fact 2 …
I thought fact 2 was supposed to be a fact about human existence in the world in general (the equivalent of the principle of scarcity) rather than a fact about individuals. if we’re talking about individuals consider this.In Feudal and Aristocratic societies the upperclass remained in place century after century. In the U.S. the descendents of immigrants who arrived here with nothing make up the “Wealthy Capitalists”. 86% of millionaires today didn’t grow up in a house of millionaires
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Its true that the …
Its true that the kingdom of God is within us, but Christ hasn’t come back to rule over it yet. As for fact 2. i specifically meant physical wealth in the sense of money. Think of it this way…if i have the ingenuity to invent a device, but not enough money to get a patent, then i cant secure my right to benefit from my invention. -
I thought the …
I thought the Kingdom of God was within you? (Luke 17:21) Anyway…Fact 2 is not accurate except with certain qualifiers. The greatest wealth on the planet is human ingenuity because it is the species of wealth capable of expanding all other forms of wealth, and human ingenuity is unlimited. The free market has proven to be the greatest means by which to unlock human ingenuity.
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Capistalsm not …
Capistalsm not working isnt rheotic, its fact. and i will use facts to demonstrate.Fact 1. Capitalism is predicated upon financial competition.
Fact 2. There is a limited amount of physical wealth available
Fact 3. Wealthy Capitalists Seek to preserve thier level of wealth
Fact 4. Wealthy people keeping money leaves less money for others to compete for
Fact 5. Those not born wealthy will be intrinsically competing for less
Fact 6. Those competing for less suffer due to being born unwealthy -
You wrote ” …
You wrote “Capitalism doesn’t work” , that is spewing rhetoric without facts. What I did was simply give a fact concerning the present economic crisis.You cannot blame Capitalism for not working because of a crisis that revolves entirely around a financial instrument (the subprime mortgage) that was invented by the government.
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All you did just …
All you did just now was spew rhetoric without one fact. I’m guessing youre an upper middle class republican who desired to be rich one day.The subprime mortgage crisis was actually caused by de-regulating the housing market due to predator captialists who wanted to financially enslave lower income homeowners to debt.
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Proverbs 22:7 ” the …
Proverbs 22:7 ” the rich rule over the poor and the borrower is servant to the lender.” What is God trying to tell us through this verse? He is trying to warn us to stay away from debt because debt will put you in bondage. Why are we not teaching this knowledge to our children in our schools? We teach them everything else, why are we not warning them about the dangers of debt?