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Student Loans and American Skills: Two Different Reactions
NASFAA
"We live in a global economy where the success of a nation is dependent on the ability to train a highly skilled work force," William Spriggs, chief economist to the AFL-CIO, writes inDiverse: Issues in Higher Education. "As a nation, we are facing the same crossroads faced in 1958, but what a difference 55 years makes in American policy response. Rather than double down our investment on American children and give them every advantage to pull our nation forward to meet the challenges ahead, we would rather 'outsource' the skill development and 'import' the talent. ... So, when we are more concerned about keeping the tax rates low for corporations that keep their money offshore and hide behind foreign tax-haven borders than in creating policies to hire our own children, it says even more. And when our response to a skills shortage is to import people rather than develop our children, we say even more. Two different times, two different policy reactions say a lot about us."
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