Elise Gould, director of health policy research at the Economic Policy Institute, writes Even the Most Educated Workers Have Declining Wages:
Some commentators are under the false impression that wage inequality is a simple consequence of employers’ demand for increased skills and education—often thought to be driven by advances in technology. According to this myth, because there is a shortage of skilled or college-educated workers, the wage gap between workers with and without a college degree is widening. This is sometimes referred to as a “skill-biased technological change” explanation of wage inequality (since it is based on the notion that advances in technology lead to the need for more skills). But new data from 2014 shows that even college educated workers and workers with advanced degrees are not in demand enough to see their wages rise.
The figure below shows the most recent data on average hourly wages by education. Here we find reinforcing evidence that there is no sign of a technologically related demand for more-credentialed workers. The workers with the credential that should be in high demand—four-year college graduates—have not done that well, especially in the last year. In fact, among education categories, the greatest real wage losses between 2013 and 2014 were among those with a college or advanced degree. Workers with a four-year college degree saw their hourly wages fall 1.3 percent from 2013 to 2014, while those with an advanced degree saw an hourly wage decline of 2.2 percent. If demand for high-skilled workers were driving wage inequality, we would expect to see these workers’ wages increasing, or at the very least, falling less than their low-skilled counterparts.
Blast from the Past. At Daily Kos on this date in 2003—Americans believe war will increase terror:
Bush Co. and its media and warblogging cabal argue that taking out Saddam will help the nation combat the terrorism threat. However, the public isn't buying it. In the latest CBS News poll, 59 percent of respondents believed war would lead to more terrorism in the US. Only 12 percent thought it would lower the threat.
In adddition, 60 percent of all respondents, and 40 percent of Republicans, think the US should wait for UN approval before invading.
Not that Bush will heed poll results, but it does indicate that he will place this nation at war without the full and enthusiastic backing of the people -- a reality that may bear consequences down the road.
Tweet of the Day
I was there throughout the Casa Rosada demo. I saw no live fire, no gunshot casualties and it is clear to me Bill O'Reilly is not truthful.
— @ClancyReports
On
today's Kagro in the Morning show,
Greg Dworkin says Rudy's still in the news. McCain doesn't love America. Christie's still toast. Political bias by profession. An interesting way for remaining holdouts to grasp "white privilege." What's next for health care reform? Vax news roundup.
Armando takes the wheel, discussing the latest in the "who loves America" wars & blasting Rick Scott on
King. Five minutes to address racial inequality in the US. Go! For a bunch of paranoids, pro-gun legislators can be a curiously optimistic bunch. What exactly are we saying when we refer to "the self-proclaimed Islamic State?" Politically connected, ultra-conservative educational endowments.
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