Most known about the large wage premium that comes from college degrees for those who capture jobs that require such degrees. But what about those who do not capture those jobs, and wind up in jobs that do not require college degrees? Believe it or not, those graduates also wind up making quite a bit… Continue reading College wage premium exists even for low-skill jobs
Author: Matt Bruenig
Non-Hispanic Whites no longer the majority of U.S. births
The Census released its birth estimates for the 12 months between July 1, 2010 and July 1, 2011. For the first time, the Census reported that Non-Hispanic Whites did not make up the majority of births in the United States. This trend has been developing for quite some time, making the report less than surprising.… Continue reading Non-Hispanic Whites no longer the majority of U.S. births
Unemployment and monetary policies at the zero lower bound
The economy remains in a rut. Although economic growth has returned, it has not been the kind of rapid catch-up growth necessary to bring the country back to full employment. The blue line is the official unemployment rate, and the red line is the U6 rate, a measurement which includes the underemployed and those who… Continue reading Unemployment and monetary policies at the zero lower bound
Class and intersectionality
I wrote previously about the difficulties of handling class within identitarian frameworks. I called out two main problems. First, poor people do not identify together as a coherent group. Second, to the extent that poorness is an identity, it is one we are trying to eliminate, not empower. Lifting up poor voices and experiences is… Continue reading Class and intersectionality
More on student issues not being poor people issues
Are there poor kids who attend college against all the odds, take on student debt to finance it, and graduate with terrible job prospects under mountains of debt? The answer of course is yes. But that is not the typical case for students. As I have mentioned before, only 3 percent of students in the… Continue reading More on student issues not being poor people issues