A Quote by Elizabeth Warren
Adjusted for inflation, somebody going to college today to a state university, is paying about 300 percent of what her mom or dad did just 30 years ago.
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Median wages of production workers, who comprise 80 percent of the workforce, haven't risen in 30 years, adjusted for inflation.
Americans of all ages are earning less than they did two decades ago when adjusted for inflation. Yet they’re paying more in taxes.
My mom and dad both worked when I was little... My mom, her mom died when she was 11, so she had a rough childhood as well. She put herself through college in three years at the University of Texas - while working a job to pay for it.
We really are living in an age of information overload. Google estimates that there are 300 exabytes (300 followed by 18 zeros) of human-made information in the world today. Only four years ago there were just 30 exabytes. We've created more information in the past few years than in all of human history before us.
It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.
Work ethic has always been stressed in my family. My dad is going to be 80 years old and he still works part time. My mom just retired a couple years ago and she's in her mid- to late 70s.
Fifty years ago, great schools like the University of California and the City University of New York - as well as many state colleges - were tuition free. Today college is unaffordable for many working class families. For the sake of our economy and millions of Americans, we must make higher education more affordable.
I was raised by my mom. My dad was always traveling, but she allowed me and encouraged me to be close to my dad. So I grew up with three parents: my mom, my dad and my stepmom. Ninety percent of the time I was with my mom, and 10 percent was with my dad.
Personally, I am uneasy about the notion of "a politically engaged university," for reasons I wrote about over 30 years ago, at the height of protest and resistance (reprinted in For Reasons of State).
I met my wife on Spring break when I was in college. I was at the University of Notre Dame. She was at the University of New Hampshire. I bumped into her in Florida and told her the next day that I was going to marry her and 20 or something years later here we are.
Dr. Henry Givens, Jr. led Harris-Stowe State University for 32 years. His leadership transformed Harris-Stowe, the university I attended, from a small college with just one building into the nationally acclaimed HBCU that it is today.
I'm not saying that advertising is going away. But the balance is shifting. If today the successful recipe is to put 70 percent of your energy into shouting about your service and 30 percent into making it great, over the next 20 years I think that's going to invert.
If you look at Hollywood today, compared to five years ago, 10 years ago, 20 years ago or 30 years ago, the change from moment to moment has always been extraordinary. It never stops moving.
When I use the term "complex realism", what I'm suggesting is that the writer must be realist, always realist, but not realist in the sense we have usually used the term in literature. If reality today is different from the reality of 30 years ago, we can't keep describing reality in the same way as we did 30 years ago.
Take air quality in the United States today: It's about 30 percent better than it was 25 years ago, even though there are now more people driving more cars.
Yes, business really does change. 400 years ago, corporations were formed by royal decree. 300 years ago, many countries were powered by slave labour, or its closest moral equivalent. 200 years ago, debtors didn't go bankrupt, they went to prison. 100 years ago - well, business is largely the same as it was a century ago. And that's exactly the problem. Business hasn't changed, but today's array of tectonic global shocks demands a different, radically better kind of business. Yesterday's corporations visibly cannot meet today's economic challenges.
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