TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2025-08-21 Page is: DBtxt003.php txt00028067

THE SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
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TrueValueMetrics (TVM)
Thoughts on how accountancy and economics
need to adjust to have future relevance and utility.

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SECTION 7
WHY UNEMPLOYMENT TANKED
HARRIS IN THE ELECTION
Version 1 ... February 2025

54:00
achievement is they have a lot of money and they're going to be with this President he wants them there that's why
they're there they want to be there and he wants them there this is very
interesting and so he can go after big Farmer they don't stop him they
don't they carefully avoid going there but big farmer is not that far from big
high tech which is what coming next anyway and we'll see how Mr Trump deals

54:32

Why Unemployment Tanked Harris in the Election

with it since economics is I mean naturally it keeps coming up I the the
last thing I wanted to ask about this election specifically is whether you
also account Beyond this large scale change narrative for the outcome of the election with an appeal to economic
factors like I know inflation for instance plagued Biden for very long time but are there other economic

55:00
factors that you think really contributed to Trump's Victory oh sure my goodness yeah I don't think inflation
I mean inflation played a role but it shouldn't be yanked out of the
context of everything else
um the job prospects for young for millions of young people in this country
are awful there aren't jobs I mean even in my field my students people that I sit
on doctoral committees and I I have to examine a student and I have to make a decision whether he or she gets their
PHD or not for whether this dissertation is acceptable the students that I it's
harder and harder for them to get decent jobs I if I had time I know give you a
lecture but the cast rophy of higher education in this country when I went to

56:00
graduate school I I never questioned of course
I'd get a job being a professor that's what people with phds from fancy
universities could that if they wanted it I might not get the job of my dreams
be professor at this school or sure but that I would have a problem having an
income and it never it never dawned on me and that's not because of me it
didn't dawn on my fellow students either we never talked about it we never worried about no not at all zero my
students obsess about it that's a radical difference and most of my students cannot get the kind of job I
had all of my adult life I taught two courses a semester two semesters a year
and got paid a salary that I could have a wife which I had and two children which I had still

57:04
have and you know and I never thought about
it and I I enjoy good food and wine I like to travel I I have tastes that cost
money and I always had enough you know I'm not super rich but that's all gone
my students worry how they'll live in terms of income what
kind of work they will be able to get many of them are adjunct professors who teach a course over here then they run
across town teach another there's no time to write there's no time to do
research there's barely enough time to kind of keep up with yeah which by the
way is a diminution of our education system serious it means large numbers of young
people are being being educated by folks that are exhausted I wasn't exhausted I

58:01
had time to read and prepare my lectures very precious to me I learned as any
teacher who's honest will tell you you learn much more when you're a teacher than you ever did when you were a
student I had that opportunity most of people like me don't have that
opportunity anymore so that's a very serious problem problem
it's only for two or three million people that are the folks who teach in colleges and
universities but that's not an unimportant part of an economy I would argue it's spectacularly important I
don't know if you're aware or if your audiences but we have more and more colleges and universities that are
closing every month why because their economics is
impossible right they they can't get the students because the students are
increasingly unwilling to load up with the debt without which you can't go to

59:02
college anymore wasn't my case most of my fellow students didn't I did I had to
borrow my family had no money but most of the students around me didn't their
families had enough money to pay mine didn't but I never worried I
didn't have to borrow that much and I never I knew I would have a job which would all allow me to pay off my debt
which is exactly what happened to me I expected it I got it that's all gone now
that's all gone China is opening a new University once a
month wow that's a big Stark difference yeah a very Stark difference and you
want to know I don't know if you know the Deep seek story that's a little entrepreneur could you tell it yeah for