Wage Laborer v. Capitalist

“One of the problems we’ve had for a lot of young people is they go to college, training for a job, thinking that their job – or thinking there’s a job out there, and actually the economy has moved on,” Barack Obama said earlier today, responding to a question about education leading to jobs for Americans and again showing how he is out of touch with the emerging needs of a knowledge economy.  “What we need to do is tailor people’s education so that they are linked up with businesses who say, we need this many engineers, or we need this kind of technical training, and we’ll help design what that training is – so that when that person goes to college and they’re taking out some of those loans to go to college, they know at the end of the road there’s actually going to be a job available to them.” 1

Obama has no idea how to solve the problem of predicting what college students need to learn now in order to become wage laborers of the future, factors of production, at the mercy of the ever-changing economic forces in a capitalist society like the United States. 2

Obama’s desperate idea about training college students to become wage laborers for an industrial age receding into the past makes as much sense as Southern Agrarians who believed the United States could achieve economic prosperity and solve the problems of the America’s second Great Depression by returning to lives on small farms during the ascent of manufacturing in the 20th century.3

Americans need to move on with the knowledge to create jobs as capitalists in the information age while reminded that Obama has already identified himself as a big-government liberal captive to labor union special interests.4


1.  Barack Obama, “Remarks by the President at a Discussion with Ohio Families on the Economy,” The White House, http://www.whitehouse.gov/the-press-office/2010/08/18/remarks-president-a-discussion-with-ohio-families-economy.

2.  Graham Bannock, Ron Baxter, and Evan Davis, The Economist Dictionary of Economics, Fourth Edition (Princeton: Bloomberg Press, 2003), 137.

3.  Emily S. Bingham and Thomas A. Underwood, eds., The Southern Agrarians and the New Deal: Essays after I’ll Take My Stand (Charlottesville: University Press of Virginia, 2001), 2.

4.  Peter F. Drucker, Classic Drucker (Boston: Harvard Business School, 2006), 3-19.