House of Paine

low slung jobsters take warning

"income inequality 
is likely to rise 
simply as a consequence 
of the underlying inequality
which is very great
between people
due to differences in 
IQ, 
energy,
 health,
 social skills,
 character,
 ambition,
 physical attractiveness,
 talent, 
and luck  "
famous u of chicago pundit
posner  


why getting more so ???

as the system rewards merit 
and halts
 efficiency curbing 
productivity  curbing
mal distributions 
and 
redistributions

amen 

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"the breakdown of the American family,
 and the resulting low skill levels
 acquired by children in broken families.
 Cognitive skills tend to get developed
 at very early ages,
 while my colleague, James Heckman,
 has shown that non-cognitive skills,
 such as study habits,
 getting to appointments on time,
 and attitudes toward work,
 get fixed at later,
 although still relatively young, ages.

 High school dropouts 
certainly appear to be seriously deficient 
in the non-cognitive skills 
that would enable them 
to take advantage 
of the higher rates of return
 to greater investments
 in education and other human capital'

gary becker of u of chicago too 

 i still wanna know 
why it won't prove 
  a better trans nat deal
if ya can't out source it 
at least 
  import the relevent human capital
 from india 
where they build such stuff  way  cheaper 

sure 
maybe u top off the top candidates 
         with  some finishing school 
                  post grad work here 


but the cost savings are likely to be 
                         irresistable eh ???