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35101 education & pay -- rank: 1000

Michael Perelman wrote: >One question raised was the extent to which the benefit of the BA represents >the devaluation of the High School diploma. Relatively, yes. People like Harper's seem to think U.S. high schools used to be more rigorous. Is that really true, or is it just liberal nostalgia for the old days? Freeman and Schettkat's data show that low-skilled Germans are much higher skilled - compared to each other & their national averages - than U.S. workers. > By the way, yo ...

Document Size:	5117
Author:	Doug Henwood
Date:	Sat Jul 29 15:17:28 PDT 2000

35102 US vs Ger - low-wage services -- rank: 1000

"Low Wage Services: Interpreting the US - German Difference" BY: RICHARD B. FREEMAN National Bureau of Economic Research (NBER) London School of Economics & Political Science Centre for Economic Performance Harvard University RONALD SCHETTKAT Utrecht University Document: Available from the SSRN Electronic Paper Collection: http://papers.ssrn.com/paper.taf?abstract_id=228094 Paper ID: NBER Working Paper No. W7611 Date: March 2000 Contact: RICHARD B. FREEMAN Email: Mailto:freem ...

Document Size:	6694
Author:	Doug Henwood
Date:	Sat Jul 29 14:29:05 PDT 2000

35103 how firms cut pensions -- rank: 1000

Michael Perelman wrote: >Have mentioned several times when LBO and Pen-l that I suspect that factors >other than productivity has been major contributors to the rise in profits. >The story that you mentioned here is an excellent example. Interestingly, the profits figures in the national income accounts for the last few years have been trending downwards (measured as share of GDP), and in the revisions published the other day they were actually revised downwards - this while an alleged ...

Document Size:	4970
Author:	Doug Henwood
Date:	Sat Jul 29 13:40:53 PDT 2000

35104 education & pay -- rank: 1000

Carrol Cox wrote: >Maybe looking at the following line from your table will help get at >what Michael and Kelly are concerned about: > > 1.9 Bachelor's degree 40,100 > > > >O.K. Half of all holders of the Bachelor's degree earn less than 40K. >And that includes many earnaing only 20k to 30k. That's a large number >of college graduates who (unless they are two-income households) are not >making all that much. I don't know how this corresponds ...

Document Size:	6019
Author:	Doug Henwood
Date:	Sat Jul 29 13:34:47 PDT 2000

35105 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Michael Perelman wrote: >Yoshi, talk to Doug about this. I believe that Yale's president, Richard >Levin, an economist, first proposed the idea of "selective investment," >following the logic of corporate downsizing. It soon became picked up by >univeristy administrators around the country. Actually, as I remember it, former Yale president Benno Schmidt - now head of Chris Whittle's for-profit schools enterprise - came up with this idea. He proposed eliminating sociology ...

Document Size:	5360
Author:	Doug Henwood
Date:	Fri Jul 28 17:03:19 PDT 2000

35106 education & pay -- rank: 1000

More stinking averages... <http://www.bls.gov/emptab7.htm> Unemployment and earnings for year-round, full-time workers age 25 and over, by educational attainment unemployment median rate, earnings, 1998 1997 1.3 Professional degree 72,700 1.4 Doctorate 62,400 1.6 Master's degree 50,000 1.9 Bachelor's degre ...

Document Size:	5354
Author:	Doug Henwood
Date:	Fri Jul 28 16:46:09 PDT 2000

35107 Krugman quality control worsens -- rank: 1000

Gordon Fitch wrote: >Doug wrote: >> >This is hilarious. Chavez is guilty of stoking class antagonisms in >> >an oil-rich country where, as the NYT article pointed out, 80% of the >> >population lives under an undefined poverty line. Clearly the >> >counterrevolution is already well underway. > >Eric Beck: >> It's starting to sound like Guatemala 1954: mildly leftist, >> sorta-nationalist government makes some motions at land and weal ...

Document Size:	5806
Author:	Doug Henwood
Date:	Fri Jul 28 16:28:34 PDT 2000

35108 "One Market Under God, and Heaven Help Us All" -- rank: 1000

kelley wrote: >i think we have to remember that these numbers are *averages*. >dissagregate them and see what you get, tho you can't actually do >that with bls stats. Well of course they're averages. I can't figure out what you're trying to prove here. In general, the more years of education, the higher your pay. There are exceptions, but that's the general rule. If you're a woman with 16 years of education you're going to earn less than a man with 16 years. If you're a black man with 1 ...

Document Size:	6602
Author:	Doug Henwood
Date:	Fri Jul 28 16:25:57 PDT 2000

35109 "One Market Under God, and Heaven Help Us All" -- rank: 1000

Michael Perelman wrote: >A better test would be to look at the recruiters that come to a campus. The >same recruiters do not come to Chico that go to Stanford. Certainly not. But don't the grads of Chico State earn more than kids who just graduate from Chico HS? Doug

Document Size:	4987
Author:	Doug Henwood
Date:	Fri Jul 28 15:06:10 PDT 2000

35110 Can We Appropriate the Rich? (Re: Surplus NOT from Capital GainsReceipts -- rank: 1000

Andrew English wrote: >However, I wonder if you are underestimating >much we could get out of the top 1% in the best of all >worlds. Bill Gates' $40 billion alone could go a long >way. Bill's billions are fictitious wealth. If he tried to liquidate more than a small portion of it, the value would shrink markedly - not only because of the effect of his selling, but because other holders of Microsoft stock would see Gates selling and probably bail out themselves. That's not to say, of ...

Document Size:	5820
Author:	Doug Henwood
Date:	Fri Jul 28 14:55:24 PDT 2000

35111 Krugman quality control worsens -- rank: 1000

Mark Rickling quoted the WP: >Most alarmingly, Chavez has churned class antagonisms by demonizing the "ran >cid oligarchy" and "rotten elites" of the old political order. His >rhetoric--in a country where unemployment, crime and poverty are among the >worst in Latin America--as well as his warning that the "revolution" may >turn violent, have occasionally brought precisely such results. This is hilarious. Chavez is guilty of stoking class antagonisms ...

Document Size:	5194
Author:	Doug Henwood
Date:	Fri Jul 28 14:09:48 PDT 2000

35112 Krugman quality control worsens -- rank: 1000

Michael Hoover wrote: >Of course, US/western characterization of OPEC as 'Arab' has always been >ideological, 2 of 5 founders - Iran, Venezuela - were/are non-Arab states. Speaking of Venezuela, big NYT piece today on Chavez, "A Combative Leader Shapes Venezuela to His Leftist Vision" <http://www.nytimes.com/library/world/americas/072800venezuela-chavez.html>. Among other things, the piece notes that Chavez' energy minister is president of OPEC, and that Chavez seems to be ...

Document Size:	5267
Author:	Doug Henwood
Date:	Fri Jul 28 12:19:52 PDT 2000

35113 FW: Can We Appropriate the Rich? (Re: Surplus NOT from Capital Ga ins Receipts -- rank: 1000

Nathan Newman wrote: >Part of my argument with Max and Doug is over the possibility of success >in achieving some of that change in balance of forces in expropriating >part of the income of the wealthy. Social Security is as good a social program as the U.S. has, and our elderly poverty rate is one of the few areas where we're not an international disgrace. The program is popular (which is why such a devious PR campaign has to be waged to privatize it), efficient, effective, and mildly ...

Document Size:	5593
Author:	Doug Henwood
Date:	Fri Jul 28 11:58:38 PDT 2000

35114 Asia as world's cesspit -- rank: 1000

[from the World Bank's daily clipping service] RICH NATIONS TREATING ASIA AS THE WORLD'S CESSPIT: GREENPEACE. The world's rich nations are treating Asia as the cesspit of the industrialized world by paying developing countries to take their toxic wastes, AFP reports Greenpeace said today. "Industrialized countries are spending money to dump waste in less developed Asian countries, and to buy incinerators in those countries to burn rich states' waste," Tara Buakamsri of Greenpeace Sout ...

Document Size:	6686
Author:	Doug Henwood
Date:	Fri Jul 28 11:47:36 PDT 2000

35115 Can We Appropriate the Rich? (Re: Surplus NOT from Capital GainsReceipts -- rank: 1000

Nathan Newman wrote: >You and Doug talking about taxing those higher than the median income to >subsidize the social programs of the lower median just does not have much >political appeal to your average UPS driver or other $20 per hour worker >just barely beating the median wage. Especially since they don't trust >were the programs are going, it ends up being a political loser. Nathan, I'm not talking about programs to benefit just the below-median crowd. I'm talking about basic ...

Document Size:	6247
Author:	Doug Henwood
Date:	Fri Jul 28 11:25:19 PDT 2000