This argument starts up every time somebody had to pay their plumber 80 bucks an hour to fix the toilet, their fility stinking filled with shit toilet. They then think the plumber doing a job they never ever want to do themselves, is rolling in it and the IT being their shit but piles of money.
As if that 80 bucks is pure profit. Meanwhile the daddy plumber knows just how much of that costs goes to cover unpaid hours, taxes, insurance, tool costs etc etc. And he also knows how much Mr Doctor and Mr Lawyer charged him for his children's delivery and to deal with that frivolous lawsuit.
So... what is he going to want for his kids? The same as himself in a world where just getting by is the same as being a loser OR to aim for the top?
And don't for a second think that Bloomberg is interested in the fortunes of the public. He just wants more plumbers so he can pay less, same reason his kind wants immigrants to bust unions and high wages. Sure kids, all become plumbers and wave bye bye to 80 bucks as the competition sky rockets. And then you look longingly at IT graduates making high wages because nobody learned how to code anymore.
Simple piece of advice for live: NEVER listen to a billionaire, they didn't get rich by looking out for other peoples interest.
If I had mod points I would give it all to SmallFurryCreature (593017)