I noticed a chirpy 22-year-old talking about her new car. She is a recent graduate of a prominent U.S. Midwestern university with a Bachelor of Science degree in Nursing. Her tuition, room-and-board, and incidental fees for the four year program was a cool $40,000 per year (give or take a bit). I’m not sure exactly, but I suspect that this bright girl went to school on a full ride scholarship - that is, someone else paid her freight for her schooling.
Well, now she’s graduated and employed at a nearby hospital making the big bucks. So she bought a brand new Japanese car, or to be more accurate, she entered into a long term financing agreement to take part of her salary each month and to send it (ultimately) to Japan.
I’m sure in her old age, Japan will pay for her pension and retirement costs. Her problem - the same one facing countless Americans who throw good money after bad at China, India, Korea, Taiwan, Vietnam, etc. - is that of staying employed until it is time to retire.
Oh, did I mention that she’s a bright girl?
Well, now she’s graduated and employed at a nearby hospital making the big bucks. So she bought a brand new Japanese car, or to be more accurate, she entered into a long term financing agreement to take part of her salary each month and to send it (ultimately) to Japan.
I’m sure in her old age, Japan will pay for her pension and retirement costs. Her problem - the same one facing countless Americans who throw good money after bad at China, India, Korea, Taiwan, Vietnam, etc. - is that of staying employed until it is time to retire.
Oh, did I mention that she’s a bright girl?
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