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Schumpeter: Angst for the educated

Schumpeter: Angst for the educated
Related:  "learning equals earning" ?

ANS: Zijlstra’s beweringen onder de loep Vorige week berichtten we al over Halbe Zijlstra’s wetsvoorstel ‘Studeren is investeren’, waarin onze staatssecretaris onder meer pleit voor afschaffing van de basisbeurs in de masterfase en het inkorten van het recht op een ov-kaart met twee jaar. Vandaag verscheen op nrcnext.nl een check van de bewering van Zijlstra. Ons aller Halbe beweerde dat een masteropleiding als een ‘investering die zichzelf meer dan terugbetaalt’ kan worden gezien, omdat ‘studenten die een mastergraad hebben behaald gemiddeld twee keer zoveel verdienen als mensen met een diploma uit het mbo en anderhalf keer zoveel als een hbo-bachelor’. Klopt Zijlstra’s argument? nrcnext.nl pakte het CBS-rapport ‘Inkomens van afgestudeerden, 2007-2009’ erbij en vergeleek de verzamelinkomens van wo’ers, hbo’ers en mbo’ers. Onder wo’ers worden slechts diegenen met een mastergraad verstaan. nrcnext.nl constateerde dat het verzamelinkomen van wo’ers op gemiddeld 50.000 euro euro per jaar uitkwam.

Looking Forward By Looking Back: Axel Leijonhufvud Interviews Friedrich Hayek INET Advisory Board member Axel Leijonhufvud has consistently pointed to the need for new economic thinking to grapple with the novel challenges of our recent economic crises. In particular, Leijonhufvud has questioned the flawed fundamentals of economics. And he has explored the spread of contagion in undermining the web of contracts that are the basis for capitalism. Time and again, Leijonhufvud has demonstrated the intellectual firepower to grapple with the world’s most pressing economic issues alongside some of the brightest economic minds on the planet. This is nothing new, as this classic two-part interview with Nobel laureate Friedrich A. Hayek demonstrates. Leifjonhufvud asks Hayek about his academic career and intellectual pursuits. Later, Hayek talks with Leijonhufvud about the role of government in private enterprise, the minimum wage, and the private provision of money. You don’t want to miss this amazing conversation between two of the world’s leading economic minds.

Recent Trends in Labor Intensity. Or, the History (and Future?) of Steady Work in the US When I’m trying to understand something, I start drawing graphs using whatever data’s available; pictures help me more than tables of numbers or regression coefficients. So here’s a picture I drew to see recent trends in US labor productivity — how much more output the American economy gets from its workers over time. Instead of looking at productivity as output per hour worked (the usual measure) I instead looked at output per worker. Of course, labor intensity goes down as productivity goes up since one is the inverse of the other. Because the US Bureau of Labor Statistics counts and categorizes workers every year, we can see how the labor intensity of various professions has changed over time. It shows that the only category with substantially increased labor intensity over that period is health care jobs. The three greenish lines below it belong to job types that have seen only minor (less than 5%) change in labor intensity between 2000 and 2011.

'The Global Auction' College and university presidents in the United States and elsewhere regularly link the need for a higher education to individual and national needs for economic advancement. What if their underlying assumptions aren't true? Three social scientists from British universities challenge many of those assumptions in The Global Auction: The Broken Promises of Education, Jobs and Incomes, just published by Oxford University Press. The authors aren't by any means anti-education, but they focus on how some countries -- by investing in education, raising educational attainment and still keeping wages low -- have added complications to the idea of an easy relationship between more education and more money. Q: What are your main critiques of the traditional idea that "learning equals earning"? A: Most of those in higher education today have grown up with the idea that we live in a knowledge economy requiring an unprecedented demand for college graduates.

@amcafee De crisis en jij Wat vinden jullie van mijn nieuwe pak? Prachtig hè? Klassieke, tijdloze snit, twee knopen, rechte pijpen en dan die stof! Dun, soepel, kreukvrij en bij alle seizoenen te dragen. Ik hou eigenlijk niet zo van pakken en dassen. Maar goed, waarom sta ik hier ook weer? China… We hebben het hier over up market clothing, niet de alledaagse textieltjes van twaalf in een dozijn die je in H&M of C&A kunt vinden. Er was een tijd dat ik op de vraag van studenten hoe ze op de crisis moesten reageren, antwoordde: zorg dat je zo hoog mogelijk bent opgeleid, dat je zo perfect mogelijk het Engels (passief en actief) beheerst en bereid je voor op een toekomst buiten Europa. Sinds enkele maanden weet ik beter. Wat dan?

The Global Auction: Phillip Brown The Broken Promises of Education, Jobs, and Incomes Phillip Brown, Hugh Lauder, and David Ashton Reviews and Awards "A brilliant new book." "The Global Auction is a must-read for parents, college students, and policymakers. "This is a challenging and very timely book. "The Global Auction deals with one of the most pressing issues of our times: how the significant expansion in the labor supply available to multinational corporations is leading to dramatic shifts in the location of employment around the world. "Brown, Lauder, and Ashton's book is brilliantly argued and provides a wakeup call to global citizens everywhere. "This provocative volume argues that the predicted and promised benefits of the knowledge economy have been illusory for most college-educated workers in the developed world, and that the continuation of neoliberal globalization is likely to bring more of the same."

Race Against The Machine

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