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links for 2011-06-28

  • Quote:"The evidence is overwhelming that college is a better investment for most graduates than in the past. A new study even shows that a bachelor’s degree pays off for jobs that don’t require one: secretaries, plumbers and cashiers. And, beyond money, education seems to make people happier and healthier.

    “Sending more young Americans to college is not a panacea,” says David Autor, an M.I.T. economist who studies the labor market. “Not sending them to college would be a disaster.” "

    // I wonder if they controlled for all the variables, as there's no a priori reason to pay a college educated dishwasher more than one without a degree. My guess is it's an urban/rural thing. People in cities make more than rural dwellers, people in cities are more likely to have an education. But I would love to get my hands on that study.

  • Quote:"the answer to robust growth is to remove the barriers to economic activity that create a wedge between work and reward.

    For individuals to prosper, the ideal scenario is one where taxes, or the price put on their production is low, regulations that inhibit their production light, trade that allows them to exchange their production for that of others largely free, and a stable currency that allows producers and investors to assign credible value to economic activity.

  • // I'm torn. I like the idea as it will bring Canada closer to the Royals. But the backlash would be just as strong as the benefit.
  • Quote:"A federal indictment states that Dawkins started to fill out a passport application in 2004, didn't complete it, then filled out a new application two years later.

    On that new application, he checked a box "no" for the question, "Have you ever applied before?" according to the indictment.

    Dawkins got the passport, but three months ago, the government issued a warrant for his arrest. He was taking photos for the Navy at the time.

    When Dawkins got back to the U.S. in April, he was arrested about a week later and has been in jail for two months since."

    // That's the stupidest thing I've read today. And I read a lot of stupid. Luckily, this guy has a US Senator getting involved, which is a good thing.

    [Also, just metaphysically, does partially filling out a form and not finishing the process really constitute "applying"?]

  • // People keep saying things are getting better, but what is that based on? Look at workforce participation as a % of population and you'll see things are worse.
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