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TranceAddict Forums > Other > Political Discussion / Debate > So Trickle Down Economics Really Works Best?
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Shakka
Supreme tranceaddict



Registered: Feb 2003
Location:
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by wolverine16
Yes, but more often than not it is people with a good education that succeed. Who was the last President who didn't go to an Ivy League school? The reason why wealthy people are around the good schools is because they can afford to send their kids there and in the case of solid public schools (like magnets), they can afford to live in those neighborhoods. My neighborhood, Lincoln Park, for example is one of the wealthiest in Chicago, but even 25 years ago, before it was gentrified, it was quite poor and had horrible schools. As the neighborhood came up, more and more people who had lived there could not afford the property taxes and costs of living and very few of those people still live in the neighborhood. This is very certain if you look at the drastic changes in the demographics.


Lincoln Park is sweet. I'm looking you up the next time I'm in Chi-town (Wife's family is in the process of leaving Hinsdale but we still have several friends living downtown/Lincoln Park area).

Old Post May-18-2005 13:03  United States
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Shakka
Supreme tranceaddict



Registered: Feb 2003
Location:
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by wolverine16
Most often I think education is the ticket because you have to work your way up. What successful business doesn't want people who didn't come from the best schools, have the most experience, the best internships, the best letters of recommendation, the most familiarity with the technology they use? The top paying law firms, a couple of which I have interned at, will only even consider new attorney applicants if they are from one of the top 10 law schools or finish top in their class. Street smarts, personality and other more instinctive traits can also help a lot, but in general these will not solely give people an advantage over people who have highly developed educational skills, especially since many of these peoploe also may have their own intangibles. A good education is not a guarantee for success, but I can't think of any better tool to help foster it. Consistently college and post-graduate degree-holders outearn those without them. If I have to come up with a source that shows that, please let me know, as I guarantee I can find more than a few.


I don't disagree with you. Many firms (particularly some of the ones at the higher end of the food chain) simply want to attract the best talent and use education as a filter to weed out the bulk of the applicants. It generally works, as the chances of hiring a bad apple from such an elite pool of the educated is such a low risk strategy for them. That's not to say that they might not find an equally if not more qualified person if they were to do some deeper digging downstream, but that does have incremental costs and risks associated with it. I believe that a private firm maintains the right to hire who they want, regardless of how they want to sort through the applicants.

Old Post May-18-2005 13:13  United States
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wolverine16
Pilgrim Pete



Registered: Jun 2004
Location: Chicago, USA
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by Shakka
Lincoln Park is sweet. I'm looking you up the next time I'm in Chi-town (Wife's family is in the process of leaving Hinsdale but we still have several friends living downtown/Lincoln Park area).


Nice, I was just in Hinsdale a couple weeks ago because I have some family there too. I'm right by the huge string of bars in the heart of LP on Lincoln Ave. if you're in the area sometime soon. 50 cent drinks on Mondays & Thursdays!

quote:

I don't disagree with you. Many firms (particularly some of the ones at the higher end of the food chain) simply want to attract the best talent and use education as a filter to weed out the bulk of the applicants. It generally works, as the chances of hiring a bad apple from such an elite pool of the educated is such a low risk strategy for them. That's not to say that they might not find an equally if not more qualified person if they were to do some deeper digging downstream, but that does have incremental costs and risks associated with it. I believe that a private firm maintains the right to hire who they want, regardless of how they want to sort through the applicants.


Oh, absolutely firms should hire the people with the best credentials. I just think that some of the most talented people don't make it to the top because of disadvantages and it's possible to look at the issue from the same way many conservatives view the necessity to provide business with the tools needed to make our country competitive in the world. I think we could benefit greatly in the same way from the most gifted people get access to the best education they can, so that we can have the best and brightest in business, law & science. Certainly grants, scholarships and other means do help some of them to do so, but it does concern me a bit to know that many other countries we compete against do much more and outperform U.S. students overall greatly due, in my opinion, to the lack of disparity in their educational structures. Just an area I think is becoming more important, particularly with the ever-growing importance of global markets & technology.


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Old Post May-18-2005 19:17  United States
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Shakka
Supreme tranceaddict



Registered: Feb 2003
Location:
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by wolverine16
Nice, I was just in Hinsdale a couple weeks ago because I have some family there too. I'm right by the huge string of bars in the heart of LP on Lincoln Ave. if you're in the area sometime soon. 50 cent drinks on Mondays & Thursdays!


We rented out McDuff's or Duffy's or whatever it's called when I got married in Chicago last fall. The place flooded, and I got hosed on my credit card bill, but I think people had a lot of fun. There are definitely some good bars around there.

Old Post May-18-2005 19:32  United States
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Fir3start3r
Armin Acolyte



Registered: Oct 2001
Location: Toronto, ON, Canada
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by Shakka
We rented out McDuff's or Duffy's or whatever it's called when I got married in Chicago last fall. The place flooded, and I got hosed on my credit card bill, but I think people had a lot of fun. There are definitely some good bars around there.


oh my!

If anything, they'll remember it


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Old Post May-18-2005 21:01  Canada
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wolverine16
Pilgrim Pete



Registered: Jun 2004
Location: Chicago, USA
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by Shakka
We rented out McDuff's or Duffy's or whatever it's called when I got married in Chicago last fall. The place flooded, and I got hosed on my credit card bill, but I think people had a lot of fun. There are definitely some good bars around there.


Ah, I know Duffy's, on Diversey Parkway. That's gotta be really expensive for a wedding party, but it's worth it for a once in a lifetime event. I once grabbed a huge construction horse from the street in front of there on the way home and I don't think I've gone back since then, because I vaguely remember people laughing at me who were watching through the window. Durkin's down the street is still one of my favorites.


___________________
Download My Spring '08 Mix Here

Thurs May 15: Influence @ Tini Martini w/ Kris B. vs. Nosmo, Rikler & Mike Palmeri
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Old Post May-18-2005 21:36  United States
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Shakka
Supreme tranceaddict



Registered: Feb 2003
Location:
Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: hmm

quote:
Originally posted by wolverine16
Ah, I know Duffy's, on Diversey Parkway. That's gotta be really expensive for a wedding party, but it's worth it for a once in a lifetime event.


Allow me to clarify. Duffy's was rented out for a late night drunk-fest after the rehearsal dinner. The place got trashed. Good times were had, indeed. The rehearsal dinner was at the CAA which was sweet if I may say so. The view of Millenium Park and Lake Michigan was unreal.

Last edited by Shakka on May-18-2005 at 23:39

Old Post May-18-2005 23:25  United States
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