Free Online from The Ivy

The Ivy League is now offering a selection of courses online for free.  Nice smattering of subjects at Harvard.  Wonder if the Kudzu League will follow.

 

9 thoughts on “Free Online from The Ivy

  1. Funny video. Kind of.

    I noted the reference to a $14/hour wage lament.

    42% of American jobs pay less than $15/ hour. The median wage is $18.58. After 10 years of steady hiring, particularly in the last 2 when we have reached full employment, Americans are still making at or less than $30k per year in 2/5ths of employment opportunities. And yet these are essential jobs that can’t be outsourced because they are in the service sectors.

    The DOW reached record highs, billionaires were sprouting like mushrooms, but yet wages are at barely living levels for nearly half the jobs and their workers. Benefits at the lower end are often meager.

    Of course, now all bets are off. And we are seeing what a shaky foundation our economy had. 10’s of millions of American workers cannot afford to miss work, had little sick leave and, if gig workers, had no unemployment insurance.

    So we had to cough up a couple of trillion just to avoid massive problems. This, after coughing up trillions before to boost a DOW and compensation at the top.

    All borrowed money because we refused to increase revenues to cover all those inequities, or more obviously now, necessities.

    This reminds of the old FRAM Oil Filter ads: “You can pay me now, or pay me later”.

    And the biggest spit in your face contempt for working Americans?

    The duo of complaining about a temporary unemployment compensation plan that may, for some, be a smidge higher than what they were making in the less than $15/ hour quintiles while at the same time giving retroactive to 2018 additional tax breaks to people with at least $500,000 in possible depreciation “losses”.

    All this in an emergency 2 trillion borrowed money stimulus to keep Americans fed and sheltered, never mind healthy.

    This crisis will test us unlike anything in recent history.

    Liked by 1 person

    1. Just an opportunity to punch up the resume with an Ivy League reference whilst you while away the hours contemplating your choice of paint color in the den and how you ever let your spousal unit decorate the house… “Wait, what’s wrong with hanging my moose head? I found that in a dumpster and it’s still perfectly good.”

      Appreciating German Opera 101, hmmm sounds thrilling. Too bad it’s not German Humor.

      Liked by 1 person

    2. Doc always says, “I want our kids and grandkids to have the same opportunities as we did.” He means HIS. Ours have a minimum wage that’s 50% of what we had.

      What benefits me is social progress; what does not is socialism.

      Liked by 1 person

      1. I know it is an emergency, but we are certainly socializing losses. No problem until time comes for the private companies to pay back. I believe we got a lot of money back from the recession bailouts.

        Somehow I don’t envision seeing a nickel from this one. Except maybe cutting SS and Medicare to cover deficits.

        Would that count as social progress?

        And I also believe we are controlling the means of production for ventilators. I wonder if GM can buyback Lordstown so they can obey Trumps demand they reopen for ventilators.

        Liked by 2 people

  2. Whenever I hear someone complain about the class stratification of society, I stop to wonder, “How could it be otherwise?”

    Suppose, for example, we forcibly raised the minimum wage to $53.00 per hour for all workers. Inflation would be the unavoidable result, with prices rising until — over time — $53.00 became nothing more in purchasing power than the old $13.00 per hour.

    But that’s an economist’s observation. An anthropologist would point out that someone needs to be the expert class, the knowers of inside information and keepers of the complex plans the masses can never know about until implementation. And it is virtually a law of nature that the expert class is always a minority, never much more or less than about 20% of a population, with their own internal hierarchies and pecking orders which make them fit for their tasks.

    As a matter of chance, I have lived a little in both the world of the very rich and the world of the very poor. In most things I have not seen a big enough difference to worry about. Sure, a BMW is literally a better car than my current mainstay, a Honda, but both today are space shuttles compared to the old ’67 van I once drove. Amazing, that.

    I certainly get it that there is some moral value in taking care of one another, but I have learned in life that moral choices can only be made by persons individually, never by committees. When we complain about the class stratification of society, we are complaining about the world as it is, as it is unalterably given to us. And thereby we risk encouraging a kind of hysteria.

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    1. All well and good.

      There will be rich and poor in our current economic system of free market capitalism.

      The incentives provided should be available for those entrepreneurs and innovators to accumulate wealth through their efforts. That does not necessarily mean that we have to have poor. Just less wealthy.

      Yet when we see that 42% of all jobs pay $15.00/hour or less, which considering the costs of living where the most jobs are located, is pretty close to poverty wages if you want a traditional family.

      And even this would be not so bad if we had a very strong safety net with pensions, affordable healthcare and education, along with unemployment protections.

      But as we are now finding out, we don’t. And it is a real problem that is costing taxpayers a couple of trillion to alleviate temporarily.

      Part of the problem is that our labor must compete with Bangladesh. Part of the global economy. Plus the recession killed labor negotiating power. And, of course this is going to happen again.

      Capitalism needs to cover the costs of livable wages with strong safety nets. Call it the cost of doing business just as necessary as environmental costs, safety in the workplace, etc.

      Liked by 1 person

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