Here is a site that takes a hard look at the profit-making end of education, and it is booming. Business is amazingly good, what with all the new opportunities for testing, test prepping, outsourcing, online stuff, new technologies.
Meanwhile, your public officials are trying to figure out how to cut teachers’ pensions.
Remember the old saying: “A promise made is a debt unpaid.”
The new version is: “Promises are meant to be broken.”
Diane Ravitch's blog 
Corporations are being a bit short-sighted: if we cut pensions of workers (and I mean all those who have had their pensions cut or threatened in the past few years), who will be left to buy their products?
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They are only concerened with short term gains, and don’t care about the long term effects.
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^ the rising middle class in other countries. multinational corporations don’t need americans much anymore. walmart puts most of its attention toward overseas markets these days.
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Mike is right on. I’ve been saying this since the late 1990s. If you’re a gigantic multinational, you have the resources to get into whatever game is profitable. Throughout the 1980s and 1990s, US workers were valued because they were still needed by the corporations to buy the products. Not so anymore. The developing nations that do the manufacturing now are turning into better and better markets. OK, so Chinese workers can only afford smartphones, not SUVs. You can still make just as much money selling the smartphones, because there are billions of Chinese workers.
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All of this isn’t sustainable.
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It’s a myth that there is a rising middle class in developing countries.Like our country there is a very wealthy 1% that get the rewards while the rest are expected to pay the bills.Neoliberal economics is designed to produce societies of the wealthy 1% and a poor 99%.
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This is one of the worst experience of making the less of the teachers salaries.
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