Friday , April 19 2019
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Friday evening links – Publications – AEI

Summary:
AEI Friday evening links 1. Chart of the Day I (above) shows that according to data available from the National Science Foundation, women earned nearly 60% of US master’s degrees in “Science and Engineering” between 2000 and 2015, meaning that women earned more than 148 graduate master’s degrees for every 100 degrees awarded to men. Based on the NSF definition of “Science and Engineering” degrees, men are a vastly under-represented minority for graduate degrees at the master’s level at America’s universities. Affirmative action for men in graduate school? STEM programs for boys and men? Special funding, scholarships, fellowships, awards for men in graduate programs? Don’t hold your breath…. ======================================== 2. Chart of the Day I (above) shows some interesting

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Friday evening links

Friday evening links - Publications – AEI

1. Chart of the Day I (above) shows that according to data available from the National Science Foundation, women earned nearly 60% of US master’s degrees in “Science and Engineering” between 2000 and 2015, meaning that women earned more than 148 graduate master’s degrees for every 100 degrees awarded to men. Based on the NSF definition of “Science and Engineering” degrees, men are a vastly under-represented minority for graduate degrees at the master’s level at America’s universities. Affirmative action for men in graduate school? STEM programs for boys and men? Special funding, scholarships, fellowships, awards for men in graduate programs? Don’t hold your breath….

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Friday evening links - Publications – AEI

2. Chart of the Day I (above) shows some interesting findings from St. Louis Fed Research Officer Guillaume Vandenbroucke (“Married Men Sit Atop the Wage Ladder“) last December (italics added):

First, there are almost no gender differences in wages among single (that is, never-married) workers: Whether they are men or women, single workers earn very similar wages. Second, married and single women also earn similar wages. This is surprising since married women may be more likely to have children than single women. Thus, this second point is not consistent with the view that the gender wage gap results from women having children earlier in life and losing ground in human capital accumulation relative to men. Finally, married men earn wages that dominate those of the other three categories; that is, married men earn higher wages than single or married women, and married men earn higher wages than single men.

Bottom Line: If you just control for one variable — marital status — there is small gender earnings gap for single workers at earlier ages (but certainly not 20%) and at ages 50 year and above the gender earnings gap completely disappears.

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3. Some More Great Satire Headlines and Stories from Babylon Bee: a) Ocasio-Cortez Appears On ‘The Price Is Right,’ Guesses Everything Is Free, b) Man In Critical Condition After Hearing Slightly Differing Viewpoint, c) Nazis Clarify They’re Only Calling For ‘Democratic Nazism’, d) Scientists Recommend Reducing The Number Of Democratic Presidential Candidates To Help Fight Climate Change, and e) Hillary Clinton Sends 30,000 Emails On Mission To Investigate Black Hole.

4. Video of the Day I (above). Reason’s Nick Gillespie sits down with Columbia University linguist John McWhorter who explains why he thinks “America Has Never Been Less Racist.”

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5. Quotation of the Day is from Thomas Sowell writing in 2000:

Black leaders have a vested interest in black dependency — on them and on the government that they can try to influence. We have now reached the point where virtually everything that serves black “leaders” — dependency, grievance-hunting, racial hype and paranoia — are major disservices to the cause of advancing blacks, at a time when their opportunities have never been better.

6. America, Here’s Your Senseless, Cruel War on Drugs  Otherwise Peaceful Americans Who Choose to Use Intoxicants Currently Proscribed by the Government, from Reason.com: Alabama Cops Raided Their House, Seized Their Cash, and Ruined Their Lives Over $50 of Marijuana.

7. Video of the Day II (above), “High Steaks.” More on the outdated, protectionist, price-gouging, regulatory relic known as the Jones Act from the Cato Institute:

Hawaii’s long-standing cattle trade is hampered by the Jones Act. For nearly 100 years the Jones Act has restricted the transportation of cargo between two points in the United States to ships that are U.S.-built, crewed, owned, and flagged. Meant to bolster the U.S. maritime industry and provide a ready supply of ships and mariners in times of conflict, the act has instead presided over a steady deterioration in the number of ships, sailors to crew them, and shipyards to build them. While failing to provide its promised benefits, the law has imposed a huge economic burden that manifests itself in various ways, ranging from higher transportation costs to increased traffic and pollution.

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Friday evening links - Publications – AEI

8. Chart of the Day III (above) shows the close statistical relationship over time between: a) annual US trade deficits for merchandise and b) annual measures of US household new worth from 1970 to 2018. According to Donald Trump, America’s trade deficits mean the US is losing hundreds of billions of dollars every year, and those deficits threaten the US economy because China and other countries are “raping the US” and “stealing our jobs, wealth and money.” And yet how do we explain that the net worth of US households reached a record high last year of nearly $106 trillion, which averages out to $830,000 per US household, at the same time that the merchandise trade deficit also reached a record high of nearly $900 billion in 2018?

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9. Quotation of the Day II is from Tyler Cowen’s Time article “Why CEOs Actually Deserve Their Gazillion-Dollar Salaries“:

The common idea that high CEO pay is mainly about ripping people off doesn’t explain history very well. By most measures, corporate governance has become a lot tighter and more rigorous since the 1970s. Yet it is principally during this period of stronger governance that CEO pay has been high and rising. That suggests it is in the broader corporate interest to recruit top candidates for increasingly tough jobs.

10. Video of the Day III (below) is “Corruption Of The US Temperature Record” by Tony Heller, who explains the corruption of the US temperature record by NOAA and NASA – and shows that their justifications for data tampering are not scientifically valid. The first chart below is from his Deplorable Climate Science Blog and the second chart is from the video, both showing downward trends in US temperatures over the last 100 years, especially since the 1930s.

Friday evening links - Publications – AEI Friday evening links - Publications – AEI

Friday evening links
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

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