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Open thread July 23, 2014

Dan Crawford | July 23, 2014 8:39 am

Tags: open thread Comments (5) | Digg Facebook Twitter |
5 Comments
  • Denis Drew says:
    July 23, 2014 at 12:22 pm

    Just a note: economist Ha-Joon Chang wrote in his book 23 Things They Don’t Tell You About Capitalism that all this education that has been added to labor forces in recent decades hasn’t made economies that much more productive — mostly it is just necessary to compete with other workers who have done the same thing.

    His favorite example is Switzerland which had about as efficient and productive economy as anyone could have in 1990 — with 15 graduating college. Now it is up to 40% — but only because Swiss are competing with Swiss.

    What could this mean for us personally? It could mean many of us could reasonably lower our sights about how high level or prestige or whatever job we can expect to pursue upon graduation — in the job versus career way of thinking. We don’t have to feel defeated just because our jobs doesn’t seem commensurate with what we think of our educations — the economy just isn’t looking for all these extra skills.

    Of course the big problem in the US (not so much in other modern countries) is total de-unionization and the race-to-serfdom.

  • little john says:
    July 23, 2014 at 3:53 pm

    According to Bloomberg Sen. Warren comes out in favor of reauthorizing the Ex-Im Bank.

  • Mike B. says:
    July 23, 2014 at 4:29 pm

    The National Academy of Social Insurance has scheduled an event to discuss the 2014 Social Security Trustees Report on July 28 (featuring Stephen Goss). So presumably the report will be out by then:

    https://www.nasi.org/civicrm/event/info?reset=1&id=173&

  • Bruce Webb says:
    July 25, 2014 at 3:01 am

    Report release 12:30 Eastern Monday morning.

    If I get off my dead arse there will be a Angry Bear post going up immediately before with what should be live links to the HTML version (assuming some file name conventions that have held from previous Reports).

  • Mike B. says:
    July 25, 2014 at 8:46 am

    12:30 in the morning? That would be in the middle of the night, so I assume you mean afternoon, or maybe there is a typo in the 12:30.

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