Tag Archive for 'economics'

Links of the day: 2019-04-17

The University of New South Wales completed a study on selfie pictures and determined that sexy selfie pictures relate to income inequality in the United States.  The study is available on the website of the Proceedings of the National Academy of Sciences of the United States of America.  As income inequality increases the type of self images change.  They conducted the study involving the Gini coefficient and other factors.  They discuss expenditures in beauty salons and clothing stores as another way of forecasting income inequality.

Cafe Hayak proposes that markets do not supply paid leave suboptimally.  They express their idea as follows.

…most employers — in order to attract workers who value paid leave relative to high wages — won’t reduce paid leave enough to make it profitable for them to offer higher wages.

Most in the labor market do not go to employers who provide the benefits they seek.  Many do not even know what benefits employers offer until they are signing up for them.  Employers may add a benefit for marketing purposes or to please existing employees so that those employees are retained, but the assumption that such policies are designed to attract workers ignores reality.  The reality is that paid leave benefits are often completely unknown by potential employees.

Science Based Medicine has a great look at Medical Apartheid: The Dark History of Medical Experimentation on Black Americans from Colonial Times to the Present, by Harriett Washington. The book and the review express an important fact very clearly.

Race is scientifically meaningless, but discrimination persists…

…The racial health divide is undeniable. African Americans don’t live as long. Their infant mortality is twice that of whites. Twice as many develop diabetes. They have the highest rate of cancer and cancer deaths. The reasons for these discrepancies are complex and are largely due to socioeconomic and historical factors rather than racial characteristics.

The statement about the reasons for the discrepancies relating to socioeconomic and historical factors rather than racial characteristics is a very important observation. Changing suicides rates in The United States are another item that fits into the list of things that seem to affect a demographic at significantly different rate but are due to socioeconomic and historical factors rather than racial characteristics.

Real Climate Science has a great look at 1974 including news clippings and information related to satellite weather observations and the coming mini ice-age.  It ends with a video of a USA Legislator explaining that world is going to end in 12 years while looking into a selfie-camera mounted on a floor.

The Spectator has an interesting historical review on how Steven Seagal became a special envoy to Russia, at Russia’s request.

Osmhic Calculator shareware

Osmhic Calculator 2.2 is now released.  This is fully-featured shareware.  This includes update-capability and is now an ongoing project.  This application first appeared on Windows Desktop a few years ago, and fell by the wayside.  A basic version of Osmhic Calculator is also included in the Windows store for Desktop and Mobile.

Download Osmhic- and start getting better insight today.

Osmhic Calculator 2.2 initial release

Osmhic 2.2 release notes:
Added Purchase request screen and modified graphical interface to show all information regardless of version. This converts the application to fully-featured shareware instead of a demo.


Download Osmhic- and run the setup program.

STEM jobs in the United States

The number of science, technology, engineering, and math, STEM, jobs in the United States, shrank for the past three decades,1982-2012. The draw-down accelerated from 2000-2012.

The highest occupational growth occurred among occupations with soft skills, with K-12 teaching and non-doctor health care support staff, such as nurses, technicians, and therapists. From 2000-2012, those in the physical sciences, such as chemistry, physics, and others, biological scientists, and engineers saw decreases in the availability of work in their field. The percentage of the workforce that fell into the category of “engineer” declined by over 15% (David Deming, 2017). In “The Economics of Noncognitive Skills”, data from the Brookings Institution’s Hamilton project shows that the number of service jobs increased the most over the last three decades (Timothy Taylor, 14 October 2016). These are tasks such as customer service .

2016-2017 Federal Aid Eligible in Warren County Kentucky

Here are the schools in Warren County, including both the county and independent school district, ranked by the number of low-income students for the school year ended in June 2017.  Eligible does not necessarily indicate poverty in relation to assets.  It refers to monthly dollar earnings, as expressed in the different occupational make up of the parents, which make the child eligible for assistance dollars for things such as food stamps, free lunch, daycare assistance, and others.

School Students Eligible Percent
The Academy at 11th Street 28 27 96.4%
Parker-Bennett-Curry School 316 302 95.6%
Dishman McGinnis Elementary School 460 437 95.0%
Lighthouse Academy 54 50 92.6%
GEO International High School 170 155 91.2%
Warren Elementary 752 667 88.7%
Lost River Elementary 753 638 84.7%
Henry F. Moss Middle School 557 464 83.3%
Warren County Day Treatment 15 12 80.0%
Richardsville Elementary 406 310 76.4%
T C Cherry Elementary School 261 197 75.5%
Warren Central High School 868 650 74.9%
Oakland Elementary 304 223 73.4%
Beacon Academy 90 65 72.2%
Jackson Academy High School 18 13 72.2%
Bristow Elementary 655 465 71.0%
Jackson Academy Middle School 10 7 70.0%
Warren East Middle School 470 326 69.4%
William H. Natcher Elementary 628 414 65.9%
Bowling Green Junior High 957 597 62.4%
Warren East High School 797 469 58.8%
Rockfield Elementary 624 362 58.0%
Briarwood Elementary School 713 389 54.6%
North Warren Elementary 374 204 54.5%
Bowling Green High School 1,247 656 52.6%
Drakes Creek Middle School 628 326 51.9%
Alvaton Elementary 644 333 51.7%
Cumberland Trace Elementary 554 283 51.1%
Greenwood High School 1,226 503 41.0%
Plano Elementary 564 231 41.0%
Rich Pond Elementary 539 211 39.1%
W R McNeill Elementary School 408 132 32.4%
South Warren Middle School 608 187 30.8%
South Warren High School 1,182 355 30.0%
Jody Richards Elementary 708 207 29.2%
Potter Gray Elementary 466 133 28.5%
Total 19,054 11,000 57.7%