Accounting identities

by on December 7, 2006 at 8:22 am in Philosophy | Permalink

Life is a business that does not cover the costs.

Artur Schopenhauer, The World as Will and Representation

Half Sigma December 7, 2006 at 11:12 am

Indeed, most people never earn back the education money invested in them by the government ($10,000/year X 12 years).

This is why low wage immigration is a bad idea.

bertram December 7, 2006 at 3:30 pm

According to http://usgovinfo.about.com/library/weekly/aa072602a.htm
high school graduates can expect, on average, to earn $1.2 million.

Using a discount rate of less than 6% I would say they earn back the money.

But low wage immigrants don’t have their schooling paid for so why is this relevant to desirablity of low wage immigrants.

sb December 8, 2006 at 6:19 am

Life is for non-profits?

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