Political Quotes

“That is absolutely correct. I think what we have to do is really work on changing the equation to facilitate the great minds that we have got in this current generation of younger Americans to be able to go out and be innovators and entrepreneurial in the context of a vastly changing economy as well as a changing dynamic in terms of the affordability of college education. I am troubled by the fact, one, if you look at the productivity of the American worker, what we have seen, of course, since the early 1970s is that it has increased dramatically, in excess of 275 percent in terms of American worker productivity. At the same time, wages during that period from the early 1970s to the present have remained largely stagnant, less than 10 percent. So the equation for the American worker has changed. So what we have is that we have got younger Americans entering into a workforce where the fundamental equation in terms of their compensation has changed dramatically for the worse, the cost of a college education has increased, the amount of financial assistance relative to the cost of that college education has remained stagnant, if not declined in real dollars, and the expectation in terms of the student debt loan burden one is expected to shoulder upon graduation has exploded exponentially.…”