American RadioWorks |

An Administrator Responds to Adjunct Protests

Last week, we talked about growing dissent among adjunct college instructors who claim they’re not getting compensated fairly for the work they do. This week we’ll hear from someone who has dealt with this issue from the administration side.

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in collaboration with Spotlight on Poverty and Opportunity

Privatize Social Security (like Chile has)

File under: personalfinance, taxes

0 (0 votes)

From: Adakin V., Charleston, SC

Please note that "poverty" is relative. According to "The Economist" magazine, what is called poverty in the United States is equal to the same standard of living that the "average" worker in Europe has.

Take a look at this:

http://www.etftrends.com/2009/06/7-reasons-like-chile-its-etf/

Please note item six: "Chile boasts a poverty rate of 13%, down from 39% in 1990."

So what happened in Chile over the past 20 years?

What happened was the maturity of Chile's social security paradigm, where individuals own their accounts -- they invest what would have gone to government-run Social Security into a private retirement account. And when a worker dies, the lifetime of accrued contributions and compounding interest is part of his or her estate, going to heirs and favorite charities.

Just think of the macro-economic benefits to a young family when grandparents die and leave them with enough to pay off their mortgage, or fund their kid's college, or allow them to buy that business franchise, or invest in whatever opportunity avails itself. Just think of the young couple whose grandparents die when they are in their 20s or 30s, and whose parents die when they are in their 50s or 60s. These periodic slugs of capital are outside of this couple's normal earnings. And it's these slugs of capital that blossom into real wealth creation once that family's normal everyday needs are satisfied.

The Chilean Social Security paradigm is the best solution to systemic poverty, because it allows multi-generational wealth accrual.


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American RadioWorks |

An Administrator Responds to Adjunct Protests

Last week, we talked about growing dissent among adjunct college instructors who claim they’re not getting compensated fairly for the work they do. This week we’ll hear from someone who has dealt with this issue from the administration side.

Recent Posts

  • 02.26.15

    Adjunct voices

    Ahead of National Adjunct Walkout Day on February 25th, American RadioWorks asked adjunct professors around the country how things are going for them. The short answer? Not well.
  • 02.25.15

    Adjuncts Unite

    What would higher education look like without adjunct professors? That’s what a grass-roots group of academics is trying to prove by holding a National Adjunct Walk-out Day on February 25.
  • 02.19.15

    To Test or Not to Test?

    Sometime in the next few weeks, Senate Republicans and Democrats will vote to reauthorize The No Child Left Behind Act of 2001. On the podcast this week, we talk to two education advocates who differ on how and when we should test our kids.
  • 02.11.15

    Looking back: An Imperfect Revolution

    In June 2007, the U.S. Supreme Court struck down school desegregation plans that look at students’ race. This week on the podcast, we’re featuring our 2007 documentary, “An Imperfect Revolution: Voices from the Desegregation Era,"