The scores for the Armed Services Qualification Test are highly correlated with income, indicating that wealth provides a set of skills that is difficult to otherwise gain during youth.
Archive for the ‘Education’ Category
There are only a handful of outlier metros that educated Americans are moving to, most notably the Bay Area and Raleigh, NC. The biggest and most well-known college towns (Ann Arbor, Ithaca, Ames, etc.) have extremely high shares of educated residents, largely due to their academic company-town environments. Click through for a searchable, interactive version.
47% of US employment is highly susceptible to automation within the next twenty years. In other words, almost half of current jobs in America will, quite soon, no longer exist. This is especially true of low-skill, low-income positions, which are highly correlated with susceptibility to automation. Thus, jobs requiring higher education are considered the “safest” for the next few decades.
–from Oxford University’s Programme on the Impacts of Future Technology
The cost of a public education has been rising enormously with essentially no test score gains since 1970.
Not really a surprise, income inequality and life expectancy are related. From WAPO.
NYT reports on survey from Moody’s that colleges and universities are experiencing lower expectations about enrollment.
Great series of graphs from The Washington Post. They asked their favorite “wonks” what charts or graphs were most meaningful to them in the past year. Chart above shows the Obama-Romney election and how increasing density meant increasing votership for Obama, decreasing for Romney.
From WSJ, further confirmation of the rising costs of college, with a focus on the University of Minnesota. My views:
- I’m left not fully believing that the U of M will solve this issue.
- WSJ analysis is ok, but a business would analyze this with more tables and a “Pareto” mindset.
- I find that the for profit and non-profit models are challenged in education. I wonder if part of the solution could be found in a hybrid model, like a utility or co-op.