About 71% of employment growth from 2015-24 is expected to be in high-skilled occupations that require post-secondary education In a widely-told anecdote, famed economist Milton Friedman traveled to Asia and was shown a canal being dug by thousands of workers with shovels.
He asked the project managers why they hadn’t used heavy equipment and they replied that to do so would put the workers out of a job.
“Oh, I see.” he said. “I thought you were digging a canal. If you want to create jobs, give them spoons instead of shovels.”This story perfectly illustrates the problematic obsession our politicians, civil […]
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