The college financing debate has a lot of weird quirks in it. One of those weird quirks is what gets spoken of as the costs of attending college. Consider the following three costs:
Opportunity costs (i.e. foregone income in the years you are studying).
Direct costs of college itself (i.e. tuition, books, fees, etc.). [...]
Is this aggression?
I produce some source code and release it under the GPL, which requires that if you use the code in a program you create and distribute, you must release the source code of that program.
You download the source code and then use it in a piece of software you produce. [...]
In my prior post, I remarked about the amusing case of tech libertarians who fashion themselves self-made geniuses despite the fact that they rely heavily upon the communistically developed free open source software (Linux, GNU, PHP, MySQL, HTTP servers, etc.) that form the foundation of the entire modern web and app economy. I [...]
One of the remarkable things about tech libertarians and the culture that surrounds them is that the modern tech economy is only possible because of more socialistic endeavors. By this I don’t mean the by now hackneyed point that the internet was the fruit of public research while the world wide web was gifted to [...]
Lauren A. Rivera has a new book out titled “Pedigree: How Elite Students Get Elite Jobs.” Coverage of the book (The Atlantic, New York Times) indicates that the author interviewed hiring managers at elite firms to understand how they made their hiring decisions. Of interest to me in this post
EPI folks wrote a paper titled “Broad-Based Wage Growth Is a Key Tool in the Fight Against Poverty.” I wrote a response titled “If You Want Really Low Poverty, Market Income Is Not Going To Get You There.” In my piece, I point out that 2 in 3 poor people are [...]
Over at the Demos dot org slash blog, I discussed this Bernie Sanders quote:
If 99 percent of all the new income goes to the top 1 percent, you could triple it, it wouldn’t matter much to the average middle class person. The whole size of the economy and the GDP doesn’t matter [...]
I’ve been reading the recent EPI report from Elise Gould, Alyssa Davis, and Will Kimball titled “Broad-Based Wage Growth Is A Key Tool In The Fight Against Poverty.” The report shows, as you would expect, that if earners at the bottom had higher market incomes, then poverty would be somewhat lower as [...]
Two posts ago, I rehashed the point that owners of capital income do not produce it and therefore have no desert-based claim to it. One post ago, I responded to the rebuttal that they do in fact do work to receive capital income, namely the work of deploying and managing capital. [...]
In my prior post, I pointed out that capital income is paid to non-productive people who don’t, under a labor-desert theory of entitlement, deserve it. In response to this explanation, some commenters have said that in fact capitalists do work in some way. It’s not that they just have capital and then income [...]