Whenever there is a crisis in the labour market, the standard policy response is send them on a course. That makes you look like you care and by the time they graduate the problem will probably fixed itself. Most problems do. I found this bureaucratic response to labour market crises to repeat itself over and over again while working in the bureaucracy.
Inequality – What can be done?
The standard policy response to a normal problem in the labour market is send them on a course. Clever geeks as yourself sitting at your desk as a policy analysis or minister did well at university. You assume others will as well including those who have neither the ability or aptitude to succeed in education. Lowering university tuition fees and easing the terms of student loans simply means that those who do well at university will not have to pay back as much to the government. People who succeed at university already have above average IQs so they already had a good head start in life.
The standard solution to growing inequality is to send people on a course. Trouble is that just make smart people wealthier without helping the not so smart and increases the chance of smart men and women marrying off together. This increases the inequality between power couples and the rest.
The key research questions that reveal all are:
- How happy are you in your marriage relative to how happy you would be if you weren’t in the marriage? [Much worse; worse; same; better; much better.]
- How do you think your spouse answered that question?