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Javier E

A Spectacular, Colorful Chart of Who Works (and Who Doesn't Work) in America Today - De... - 1 views

  • If 37 percent of American adults aren't in the labor force, what are they doing?
  • More 19inShare Email Print The share of American adults who are either working or actively looking for work -- i.e.: the labor force participation rate -- fell to its lowest point since 1979
  • The reason the labor force's share of the country is shrinking has to do with both economics and demographics. We're becoming an older country
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  • College matriculation rates also rose through the recession as the opportunity cost of going to school fell
  • But much of the decline in labor force participation is that one thing that not even the most ambitious policy wonk could ever imagine reversing. That thing is time. Older countries work less.
Javier E

The Economist Who Can Explain the Rise of Populism in a Single Chart - OZY | A Modern M... - 0 views

  • His contribution? A single chart that describes 30 years of world economic history. Some have called it “the most important chart in economics.” But it has an even catchier nickname: “The Elephant Curve.”
  • The chart — yes, it’s pachydermically shaped — lines up all of humanity according to their incomes (at least between 1988 and 2008). The good news: Everyone has gotten richer. The less good news: Some have gotten richer much, much faster than others.
  • Milanović’s data work has enabled new insights into the nuts and bolts of how global capitalism works: He has overturned decades of economic orthodoxy to show that inequality in fact rises and falls in waves as countries develop
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  • He also shows that inequality within countries is now becoming more significant than inequality between countries for describing the state of the global rich and poor. This is at the heart of the populist uprisings of 2016 and 2017, he says: “Our incomes are increasingly determined globally, but our political space is national.”
  • Milanović is an old-school intellectual to the core, convinced that his study of philosophy, classical literature and world history informs his craft almost as much as his prolific Twitter presence
  • policies can help too, but not the tired “20th century” policies of taxing the rich and spending on benefits.
  • not all agree that the elephant curve is quite as earth-shattering as it has been made out to be. There is no evidence that globalization alone depresses the incomes of middle-class workers in rich countries
  • The fact remains that incomes have grown more slowly in countries such as the U.S., Germany and France than they have in many Asian countries.
  • he fought a lifelong data battle to compile a comprehensive global income distribution, starting out by wrangling access to locked-away Yugoslavian numbers through a friend in the statistical office back in the ’80s, and continuing by exhaustively begging and borrowing (but never quite stealing) household survey data from pretty much every country in the world
  • Improving the quality of public education, he says, citing Sanders, and creating incentives for the middle classes to financially invest, a la Margaret Thatcher
Javier E

You Should Have Been a Doctor? - NYTimes.com - 0 views

  • Dan Lin posted this chart to Reddit. It depicts the average yearly salary for 820 different jobs in America, based on 2013 data. The chart quickly made the media rounds — and the way it’s been interpreted may tell us something about how we look at jobs and the economy today.
  • This was perhaps the dominant narrative about the chart — if you’re not a doctor (anesthesiologists and surgeons topped the chart), maybe you’re in the wrong career.
  • reactions to the chart reveal something interesting about how we see salary data: as a lens for feeling bad about our career paths.
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  • the you-should-have-been-a-doctor angle may speak to our anxieties about career choice in a time when fewer and fewer jobs seem secure. Is there a field that could have protected us from the recession and its lingering effects? And should we have gotten into it when we had the chance?
  • “I don’t think doctors taking up top places in the chart is any secret, everyone knows they get paid a lot. Many people also commented on why that is: long hours, malpractice insurance, high stress, etc.” He also noted that though medical careers may pay a lot, they can be expensive to get into
  • “As more and more automated machinery (robots, if you like) are brought in to generate efficiency gains for companies, more and more jobs will be displaced, and more and more income will accumulate higher up the corporate ladder.”
  • He cited a 2013 study that examined how likely a variety of jobs were to be eventually usurped by computers. The sobering result: According to the study authors, Carl Benedikt Frey and Michael A. Osborne, “about 47 percent of total U.S. employment is at risk.” And learning to code won’t necessarily save you: “Even the work of software engineers may soon largely be computerizable.”
  • among the jobs with the least risk of computerization, according to the study authors, were occupational therapists, audiologists and “physicians and surgeons.” O.K., Mom, O.K.
blythewallick

6 Takeaways From the January 2020 Democratic Debate - The New York Times - 0 views

  • There was little incentive to go on the attack.
  • It’s a reflection of the muddled state of the race. The candidates have all made a calculation that being the aggressor in any interpersonal conflict would only lead to increasing their unfavorable ratings — or falling down Iowa caucusgoers’ second-choice lists, a critical element because supporters of candidates who don’t receive 15 percent support will be free to back someone else.
  • The Sanders-Warren clash fell flat — until after the debate.
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  • Ms. Warren did highlight her status as the top-polling female contender at several points in the debate, ending her closing statement with a reference to the possibility of electing the first woman president.
  • Warren makes her electability pitch.
  • One of Ms. Warren’s biggest political obstacles is the perception among some voters that she would face daunting challenges in a general election — both thanks to her boldly progressive outlook, and to societal sexism that many Democrats believe damaged Mrs. Clinton in 2016. @charset "UTF-8"; /*********************** B A S E S T Y L E S ************************/ /************************************* T Y P E : C L A S S M I X I N S **************************************/ /* Headline */ /* Leadin */ /* Byline */ /* Dateline */ /* Alert */ /* Subhed */ /* Body */ /* Caption */ /* Leadin */ /* Credit */ /* Label */ /********** S I Z E S ***********/ /******************** T Y P O G R A P H Y *********************/ .g-headline, .interactive-heading, .g-subhed { font-family: "nyt-cheltenham", georgia, "times new roman", times, serif; } .g-alert, .g-alert.g-body, .g-alert_link, .g-byline, .g-caption, .g-caption_bold, .g-caption_heading, .g-chart, .g-credit, .g-credit_bullet, .g-dateline, .g-label, .g-label_white, .g-leadin, #interactive-leadin, .g-refer, .g-refer.g-body, .g-table-text { font-family: nyt-franklin, arial, helvetica, sans-serif; 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  • And she invoked her 2012 victory over then-Senator Scott P. Brown, Republican of Massachusetts, as she declared herself “the only person on this stage who has beaten an incumbent Republican anytime in the past 30 years.”
  • Klobuchar throws punches.
  • Yet while she described herself as a winner tethered to the Midwest, somebody whose friends and neighbors hail from flyover country, she didn’t come out of Tuesday’s debate with any significant headlines of her own.
  • The only vetting of Buttigieg came from the moderator Abby Phillip on race.
  • Mr. Buttigieg deftly dodged by suggesting that the black voters who “know me best” — in his native South Bend — chose him twice to lead the city. And he cited recent endorsements from Representative Anthony Brown of Maryland and Mayor Quentin Hart of Waterloo, Iowa, who this week became the two most prominent African-American elected officials to back him.
  • Biden avoids attacks.
  • Mr. Biden, who flew under the radar particularly at the last debate, often stayed in his comfort zones — discussing foreign policy and health care — and he was not the center of the kind of memorable exchanges that had dealt his campaign blows earlier in the race.
Javier E

The Man Behind the Most Important Chart of 2016 | Provocateurs | OZY - 0 views

  • Milanović’s data work has enabled new insights into the nuts and bolts of how global capitalism works: He has overturned decades of economic orthodoxy to show that inequality in fact rises and falls in waves as countries develop. He also shows that inequality within countries is now becoming more significant than inequality between countries for describing the state of the global rich and poor.
  • This is at the heart of the populist uprisings of 2016, he says: “Our incomes are increasingly determined globally, but our political space is national.”
  • The chart — yes, it’s pachydermically shaped — lines up all of humanity according to their incomes (at least between 1988 and 2008). The good news: Everyone has gotten richer. The less good news: Some have gotten richer much, much faster than others. They’re the ones on the elephant’s trunk.
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  • Those just below them, in the 80th and 90th percentiles of income, have fallen way behind on growth. According to Milanović and his co-author, Cristoph Lakner, this is largely working- and middle-class Americans and Europeans.
Javier E

Why Americans Spend So Much on Health Care-In 12 Charts - WSJ - 0 views

  • As this series of charts shows, Americans aren’t buying more health care overall than other countries. But what they are buying is increasingly expensive. Among the reasons is the troubling fact that few people in health care, from consumers to doctors to hospitals to insurers, know the true cost of what they are buying and selling.
  • Providers, manufacturers and middlemen operate in an opaque market that can mask their role and their cut of the revenue. Mergers give some players more heft to enlarge their piece of the pie.
  • Consumers, meanwhile, buoyed by insurance and tax breaks, have little idea how much they are really spending and little incentive to know underlying costs.
Javier E

The Bomb Didn't Beat Japan... Stalin Did - By Ward Wilson | Foreign Policy - 0 views

  • Even though the situation was bad in the summer of 1945, the leaders of Japan were not willing to consider giving up their traditions, their beliefs, or their way of life. Until August 9. What could have happened that caused them to so suddenly and decisively change their minds? What made them sit down to seriously discuss surrender for the first time after 14 years of war?
  • It could not have been Nagasaki.
  • Hiroshima isn't a very good candidate either. It came 74 hours -- more than three days -- earlier. What kind of crisis takes three days to unfold? The hallmark of a crisis is a sense of impending disaster and the overwhelming desire to take action now. How could Japan's leaders have felt that Hiroshima touched off a crisis and yet not meet to talk about the problem for three days?
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  • Any explanation of the actions of Japan's leaders that relies on the "shock" of the bombing of Hiroshima has to account for the fact that they considered a meeting to discuss the bombing on August 8, made a judgment that it was too unimportant, and then suddenly decided to meet to discuss surrender the very next day. Either they succumbed to some sort of group schizophrenia, or some other event was the real motivation to discuss surrender.
  • We often imagine, because of the way the story is told, that the bombing of Hiroshima was far worse. We imagine that the number of people killed was off the charts. But if you graph the number of people killed in all 68 cities bombed in the summer of 1945, you find that Hiroshima was second in terms of civilian deaths. If you chart the number of square miles destroyed, you find that Hiroshima was fourth. If you chart the percentage of the city destroyed, Hiroshima was 17th. Hiroshima was clearly within the parameters of the conventional attacks carried out that summer.
  • General Anami on August 13 remarked that the atomic bombings were no more menacing than the fire-bombing that Japan had endured for months. If Hiroshima and Nagasaki were no worse than the fire bombings, and if Japan's leaders did not consider them important enough to discuss in depth, how can Hiroshima and Nagasaki have coerced them to surrender?
  • If the Japanese were not concerned with city bombing in general or the atomic bombing of Hiroshima in particular, what were they concerned with? The answer is simple: the Soviet Union.
  • Bombing Hiroshima did not foreclose either of Japan's strategic options. The impact of the Soviet declaration of war and invasion of Manchuria and Sakhalin Island was quite different, however. Once the Soviet Union had declared war, Stalin could no longer act as a mediator -- he was now a belligerent. So the diplomatic option was wiped out by the Soviet move. The effect on the military situation was equally dramatic
Javier E

Recovery in Germany Is Faster Than Elsewhere - NYTimes.com - 0 views

  • In the rest of the euro zone, the unemployment rate for workers ages 25 to 74 has more than doubled over that period, to 12.8 percent. The rate for younger workers is more than 30 percent, on average — and above 50 percent in Spain and Greece. In Germany, it is less than 8 percent.
  • In terms of adult unemployment rates, the most recent figures for the United States (6.1 percent) and Britain (5.7 percent) are not that far from Germany’s figure of 5.1 percent. The major difference is in youth unemployment, which is above 16 percent in the United States and above 20 percent in Britain.
  • What accounts for that difference? Some of the credit goes to Germany’s education and employment system for young workers, and to German policies that encourage employers facing downturns to reduce working hours rather than fire workers. In Germany, students are separated into different career tracks, with many put into a system that leads to apprenticeships rather than to college degrees.
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  • But that is not the entire story. The euro zone’s troubles have helped Germany’s export-oriented economy. The weak euro has made Germany’s exports more competitive against those of countries with which it competes, most notably the United States and Japan. Since the end of 2007, the euro is down about 10 percent against the dollar and about 20 percent against the yen.
  • The charts reflecting Germany’s unemployment rates, if they were the only evidence available on world economic trends, would seem to indicate there was a mild downturn in 2009 that soon ended, with the economy recovering the next year. The United States charts would indicate a more severe downturn, followed by a recovery that began in 2010 and may now be gathering strength. In Britain, there has been much less progress since unemployment peaked in 2011.
  • In the 16 other euro zone countries as a group, the chart indicates a deep recession that leveled off in 2010 and 2011 but has since gotten much worse — particularly for young workers.
  • The European Commission’s latest economic forecast, released last week, predicted declining unemployment in Germany this year and next, but said joblessness was likely to continue to climb in France, Italy and Spain.
Javier E

Business - Derek Thompson - Your Day in a Chart: 10 Cool Facts About How Americans Spen... - 1 views

  • More than half our leisure time is dedicated to watching television. It would take nine average days of reading to add up to one typical day watching television.
  • The oldest Americans spend 9X as much time reading than the youngest Americans surveyed by BLS.
Javier E

Chart: What Killed Us, Then and Now - The Atlantic - 1 views

  • from the New England Journal of Medicine comparing the reasons we die now to the way Americans went to their graves a century ago:
  • What we get from each cross-section of death isn't just a snapshot of what's objectively happening to people; it's also a reflection of our attitudes toward specific illnesse
Javier E

The world's languages, in 7 maps and charts - The Washington Post - 0 views

  • Some language skills could be more rewarding than others. If you are able to speak German, Americans could earn $128,000 extra throughout their career, according to MIT scientist Albert Saiz. At least financially, German is worth twice as much as French and nearly three times as much as Spanish, for instance.
Javier E

Ben Franklin's Nation - NYTimes.com - 0 views

  • an animated time-lapse chart. It starts in 1810, when the nations of the world were clumped on the bottom left-hand side of the chart because they had low income and low life expectancy. Then the industrial revolution kicks in and the nations of the West surge upward and to the right as they get richer and healthier. By 1948, it’s like a race, with the United States out front and the other nations of the world stretched in a long tail behind.
  • Then, over the last few decades, the social structure of the world changes. The Asian and Latin American countries begin to catch up. With the exception of the African nations, living standards start to converge. Now most countries are clumped toward the top end of the chart, thanks to the incredible reductions in global poverty and improvements in health.
  • This convergence is great news, but the change in the global social structure has created a psychological crisis in the U.S. Since World War II, we’ve built our national identity on our rank among the nations — at the front with everybody else trailing behind. But in this age of convergence, the world doesn’t have much of a tail anymore.
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  • Some people interpret this loss of lead-dog status as a sign of national decline. Other people think we are losing our exceptionalism. But, the truth is, there’s just been a change in the shape of the world community. In a world of relative equals, the U.S. will have to learn to define itself not by its rank, but by its values. It will be important to have the right story to tell, the right purpose and the right aura. It will be more important to know who you are.
  • What is the core feature of the converging world? It is the rise of a gigantic global middle class
  • Middle-class parents have fewer kids but spend more time and money cultivating each one. They often adopt the bourgeois values — emphasizing industry, prudence, ambition, neatness, order, moderation and continual self-improvement.
  • middle-class people are more likely than their poorer countrymen to value democracy, free speech and an objective judiciary. They were more likely to embrace religious pluralism and say that you don’t have to believe in God to be good.
Javier E

Why the West Rules - For Now, by Ian Morris - review « Probaway - Life Hacks - 0 views

  • This book could have been titled The Measure of History because that is the seminal new idea in the book. Morris creates an objective measure for comparing civilizations’ ability to get things done. He attempts to make his rules for measuring civilizations as simple as possible, but no simpler. He seeks objective qualities for measuring social development, and after analyzing several of these  qualities he settles on: 1. Energy capture per person, 2. Size of the largest city, 3. War-making potential, 4. Information technology. Morris sums these qualities together equally, year by year, over a 16,000-year period; then he charts and compares them.
  • His objective method tracks the total power of civilizations. There will be endless quibbling over the details, which are perforce a little vague, but the overall charts would probably change very little even if a perfect measure were found.
  • The importance of the ability of humans to extract power from natural resources becomes apparent with these charts. Throughout all but the last few hundred years of history people were dependent upon muscle power to create the goods and services they needed; but with the advent of coal-powered steam engines humans were able to multiply their energy production and consumption at any location, which was then converted into more and better things. This has created tremendous abundance for a vastly larger human population.
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  • Yet another twist in that geography theme is that it changes meaning with changing technology. The Mediterranean Sea was at first an impediment to travel as were the Atlantic and Pacific Oceans, but once a technology had been created for coping with these natural impediments, they became highways for commerce and war. The same idea can be applied to many other things.
Javier E

The problem with billionaires fighting climate change is the billionaires | Kate Aronof... - 0 views

  • Before the financial crisis, the top 1% held a collective $15bn in cash. Today they’ve got almost $304bn.
  • For every Michael Bloomberg there are dozens of Koch brothers and Rebekah Mercers, who have poured tens of millions of dollars into spreading climate denial and blocking decarbonization efforts at the local, state and national level.
  • it’s worth remembering that the top marginal tax rate during the time hailed as capitalism’s Golden Age floated somewhere north of 90% in the US. After it had already fallen, Ronald Reagan’s administration collapsed it to 50% when he took office, and it would dip to just 28% by the time he left. The many billions that have been lost as a result are resources that have been captured out of democratic control, emboldening a handful of oligarchs to run roughshod over people and planet alike.
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