Youth.

I have been very embarrassed today as I was directly or indirectly engaged in conversations about the difficult time our older youth experience in the United States. While we claim to be the “land of opportunity” for most, we definitely have lost our edge. Our youth have figured this out, and they comment . . .

“I barely have enough money to live on . . . how am I going to save?”

“College is too expensive and the return on that investment isn’t worth it.”

“I don’t think I should have to do it for free.” (a young man referring to his major corporation’s expectation that he document his intellectual know-how and turn it over to the company — for free and with no credit to his hard work.)

I end this post with three questions:

1. What is enough money for a young person to live on today?

2. What should college cost?

3. How should human capital be compensated?

Please email me your suggested answers.