The Gypsy's Caravan

Monday, September 13, 2010

Quote of the Day

But saying that the rise in inequality is partly the result of technological change is not the same as saying it's the result of skills-biased technological change. It's not that satellite television has created a need for more basketball players and that need isn't being filled. If that were the case, the answer would be easy: Train more basketball players. It's that satellite television has made it much, much more lucrative to be one of the world's top basketball players. It's not about skills, but about the opportunity to make money.
~ Ezra Klein

...And how many high school and college students are running themselves ragged and shorting their studies for a slim to none chance to become one of the golden players?

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