Quote Originally Posted by Crazed Rabbit View Post
No - it means that instead of being in a minimum wage job for the rest of their lives, people work to get better jobs. It's not unsustainable because it doesn't continue forever.

Hence no subsidy.

CR
How can someone move up if the pay they are receiving continues to burden them with increasing debt? If they can't pay for food, rent, insurance and utilities with their paycheck then their life will continue to actively regress instead of progress.

You can't go to school and gain better skills to gain that better job if you are stuck in Wal-Mart land where you have to choose every month which bill is going on your credit card in order to survive another 4 weeks. It creates a spiral of bad debt, low credit and cuts off their opportunity of getting a loan to afford additional schooling.

I don't understand the argument of "not enough money to survive = more gumption to gain that better job" Higher paying jobs don't care about how much gumption you have if you don't meet the prerequisites, and colleges take money not gumption as payment.