Category Archives: News

News

Why are teachers and other talkers paid less than engineers and other doers?

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Basic Economics: Prices are set by supply and demand
Basic Economics: In a free market, prices are set by supply and demand

This meme makes fun of unionized public school teachers, who feel entitled to the same salary and benefits as doctors, software engineers, etc. in the private sector. So, the point of this meme is simple, it’s to point out that the teachers who belong to teacher unions are ignorant of basic economics, specifically, the law of supply and demand.

When there is more demand for a product or service than there is a supply for it, then prices go up. When there is more supply for a product or service than there is a demand for it, prices go down.

A good place to see this explained is in a book by famous black economist Thomas Sowell. Thomas Sowell has written many books, but he wrote one book in particular for people who have no knowledge of basic economics. It’s called “Basic Economics: A Citizen’s Guide to the Economy“. And the first few chapters explain how prices are set by supply and demand:

  1. What is Economics?
  2. The Role of Prices
  3. Price Controls
  4. An Overview of Prices

It turns out that there are two views of how wages are set in an economy:

The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of “socially necessary labor” required to produce it.

LTV is usually associated with Marxian economics… The LTV is central to Marxist theory, which holds that the working class is exploited under capitalism, and dissociates price and value. Marx did not refer to his own theory of value as a “labour theory of value”.

Mainstream neoclassical economics tends to reject the need for a LTV, concentrating instead on a theory of price determined by supply and demand.

Marxists economists believe that the value of a good or service is determined by the “social utility” of the work produced. But classical (“free market”) economists believe that value is determined by the scarcity of the good or service relative to the demand from consumers.

So, a Marxist economist might say “teaching English to 5 year olds is valuable because it is relevant and meaningful”. But, a classical economist would say “conducting a security audit on distributed point-of-sale system is valuable, because very few people can do it, but many people want it”.

I’ve noticed that school teachers and non-STEM university students and professors are very likely  to hold to the labor theory of prices and wages. Robert Nozick wrote a paper about why this happens. It turns out that “wordsmiths” (his word) are conditioned by their performance in the classroom to expect success in the free market economy. But when they find that their “brilliance” in English poetry, Medieval history, or lesbian dance theory has no value to anyone else, they complain that the economy is being manipulated by powerful people. Marxism is a coping mechanism for people who value academic acclaim more than doing something useful for their neighbors. The Marxists study easy things that no one cares about, and then they can’t get paid because millions of people can do them. The free market people focus on the customer, so they study hard things like computer science and petroleum engineering that are in demand from customers. And they get paid more.

Starting and Mid-Career salaries by profession (click for larger image)
Starting and Mid-Career salaries by profession (click for larger image)

Consider this article from College Pulse about a survey of 10,590 undergraduate students:

Students with certain majors are far more likely than their peers to approve of socialism. Philosophy majors, in particular, have a positive view of socialism. Nearly 8 in 10 (78%) say they view the economic system favorably, followed by 64% of anthropology majors, and 58% of both English and international relations majors. Accounting and finance majors are least likely to view socialism positively (20% and 22% respectively).

Do you know what accounting and finance students have to study? Basic economics.

As soon as I got my first job as a software engineer, and finished my study of Christian apologetics, the very next thing I studied was economics. It was Dr. Jay Richards who got me interested in it, when I heard him speaking about economics in an apologetics lecture for Stand to Reason. I contacted him, and he recommended the works of two famous economists, F. A. Hayek and Thomas Sowell. And that’s what I want to recommend to you, too. Our continued liberty and prosperity depends on ordinary Americans taking the time to educate themselves about basic economics.

News

If white Americans are racist, how come Asians do so well in America?

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This article is written by the far-left radical Nicholas Kristof, writing in the radically-leftist New York Times. (A former newspaper)

Excerpt:

THIS is an awkward question, but here goes: Why are Asian-Americans so successful in America?

It’s no secret that Asian-Americans are disproportionately stars in American schools, and even in American society as a whole. Census data show that Americans of Asian heritage earn more than other groups, including whites. Asian-Americans also have higher educational attainment than any other group.

[…]Does the success of Asian-Americans suggest that the age of discrimination is behind us?

A new scholarly book, “The Asian American Achievement Paradox,” by Jennifer Lee and Min Zhou, notes that Asian-American immigrants in recent decades have started with one advantage: They are highly educated, more so even than the average American. These immigrants are disproportionately doctors, research scientists and other highly educated professionals.

It’s not surprising that the children of Asian-American doctors would flourish in the United States. But Lee and Zhou note that kids of working-class Asian-Americans often also thrive, showing remarkable upward mobility.

Part of the problem is that non-Asian Americans take a passive view of life, believing that high grades come to those who are naturally smart – not to those who work harder:

There’s also evidence that Americans believe that A’s go to smart kids, while Asians are more likely to think that they go to hard workers… Asian-American kids are allowed no excuse for getting B’s — or even an A-. The joke is that an A- is an “Asian F.”

And, as the image I posted above shows, Asian girls are given boundaries on their sexuality, causing them to choose men who will be good husbands and fathers, and making those men marry before being given sex – factors proven to improve marital stability:

Strong two-parent families are a factor, too. Divorce rates are much lower for many Asian-American communities than for Americans as a whole, and there’s evidence that two-parent households are less likely to sink into poverty and also have better outcomes for boys in particular.

So, let’s be real – if white racial discrimination held non-white groups back, then Asians would be in the same situation as blacks and hispanics. But Asians are not being held back, because of their strong marriage culture and focus on hard work. Whites don’t hold anyone back. This is just a myth that Democrats use to make blacks (and hispanics) think that they need government to save them from the bogeyman. Asians don’t need saving, and neither should any other non-white groups.

We can start by shaming women of all races who choose to have sex with men who are not ready for marriage. There are lots of men out  there who are willing to marry, and that should be what women are looking for most if all in a man. That change alone will probably erase most of the achievement gap between different racial groups. Does anyone have the courage to tell young women (of all races) to be more responsible with their sexual decisions? The out-of-wedlock birth rate for blacks is over 70%. This causes massive poverty and crime in the black community. Does anyone have the courage to tell blacks that they are doing this to themselves?

News

New study: trans women outperform biological women after year of hormone therapy

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From far-left NBC News:

A new study suggests transgender women maintain an athletic advantage over their cisgender peers even after a year on hormone therapy.

The results, published last month in the British Journal of Sports Medicine, could mean the current one-year waiting period for Olympic athletes who are transitioning is inadequate.

“For the Olympic level, the elite level, I’d say probably two years is more realistic than one year,” said the study’s lead author, Dr. Timothy Roberts, a pediatrician and the director of the adolescent medicine training program at Children’s Mercy Hospital in Kansas City, Missouri. “At one year, the tran5 women on average still have an advantage over the cis women,” he said, referring to cisgender, or nontransgender, women.

[…]For the first two years after starting hormones, the tran5 women in their review were able to do 10 percent more pushups and 6 percent more situps than their cisgender female counterparts. After two years, Roberts told NBC News, “they were fairly equivalent to the cisgender women.”

Their running times declined as well, but two years on, tran5 women were still 12 percent faster on the 1.5 mile-run than their cisgender peers.

Very interesting to think about when you consider Biden’s executive action allowing transgender women into biological women’s sports.

But you can’t say anything about it, because it you do, Big Tech will ban you.

Attacks against free speech by big tech companies have quickly escalated into a full-blown censorship campaign as social media giants are now regularly targeting and silencing Christians and conservatives. Their latest target? Focus on the Family.

The Christian organization has just been censored by Twitter. The platform locked the global ministry’s “Daily Citizen” publication for allegedly violating their rules against posting “hateful” content.

Focus on the Family CEO Jim Daly said this accusation is absolutely untrue.

The Daily Citizen tweeted a quote on Jan. 19 from one of its articles acknowledging that the Biden administration appointed a transgender woman to serve as Assistant Secretary for Health at the Department of HHS.

The tweet read: “Dr. Lev1ne is a transgender woman, that is, a man who believes he is a woman.”

It’s “inclusivity”. You can’t even explain what the terms mean any more, because feelings are more important than facts to the people in charge of permitting speech.