Miscellaneous Tim Worstall Miscellaneous Tim Worstall

The Mancession

3651
the-mancession

There's evidence that, entirely contrary to what people like Harriet Harman have been trying to tell us, it is men who are bearing the brunt of this recession in terms of job losses.

The jobless figures for May showed unemployment at 9.4%, a 25-year high. But while rates for men and women were roughly equal in 2007, 10.5% of men are now unemployed, compared with 8% of women. Four of every five jobs lost in the past two years had been held by men. The gender gap is the largest ever seen in US labour statistics, which go back to 1948.

“What’s happening in this recession is unprecedented," said Mark Perry, an economist at the University of Michigan. “It’s structurally different because the job losses are so concentrated among men."

Blue-collar jobs in manufacturing and construction are haemorrhaging while white-collar work in increasingly female-dominated, often publicly funded fields, such as education and health, are holding steady or growing.

As you can see a large part of this is down to occupational segregation. Further, it's not just the types of jobs, services against manufacturing, but it's also the sector, public or private. Public sector jobs are more secure, less likely to disappear in a recession.

Which leads us to a further conclusion, similarly entirely at odds with what Harriet Harman and her ilk try to tell us. That the gender pay gap (at least, not all of it) is not due to discrimination. It's due to entirely rational sorting and the choices made by individuals.

Just as more dangerous jobs pay a wage premium to compensate for the risks of injury so do or should those more insecure jobs pay a premium. Or if you prefer, workers will, if they are risk averse, choose a lower paid but more secure job. Which means that if women are preferentially employed in the lower risk public sector then womens' wages will be lower than mens'.

No discrimination required, just individuals deciding what they prefer by their own lights.

Read More
Miscellaneous Wordsmith Miscellaneous Wordsmith

The difference between communism and socialism

3642
the-difference-between-communism-and-socialism
There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism -- by vote. It is merely the difference between murder and suicide.

Ayn Rand, LA Times

Read More
Miscellaneous admin Miscellaneous admin

Blog Review 784

3647
blog-review-784

Why the European Parliament election doesn't actually mean all that much.

Are publicly funded bodies actually allowed to do this in an election?

Perhaps we should just have fewer politicians if this is the sort of language they inflict upon us?

This is simply absurd, even though it is in fact true.

Complex and confusing but debunking the latest rubbish report on how many hundreds of thousands are already being killed by climate change.

If your basic contention in a report is that medical costs drive ever more people into bankruptcy then you really should mention that your own research shows that fewer people are going bankrupt because of medical expenses in your report. No?

And finally, Gordon Brown becomes a video star in Germany.

 

Read More
Miscellaneous admin Miscellaneous admin

Blog Review 783

3646
blog-review-783

How confused are farmers getting over the dairy market?

And how bad a deal are we getting from the PFI schemes?

There's also a problem with having a committee deciding what medical treatments the NHS will pay for: clearly, those who provide certain medical services will compete to get on that committee.

Gordon Brown does seem to have a little of the control freak in him, no?

I know John Redwood Mr. Purnell and you are no John Redwood.

Booze in inflation adjusted money terms is about what is was in 1909 and yet a great deal cheaper compared to average earnings. Except for Bordeaux, strangely.

And finally, the most useful political website of our time. isgordonbrownstillprimeminister.com.

Read More
Miscellaneous admin Miscellaneous admin

Blog Review 782

3634
blog-review-782

Strange really, incumbent politicians seem to be the only people who don't want to see market structures brought into politics.

If the economy is recovering now and we haven't spent the stimulus, then it can't be the stimulus which is recovering the economy, correct?

A more considered and lengthy consideration of the same problem.

Price discrimination is a quite wondrous thing.

Forget the policy for a moment, wouldn't you like a politician with this sort of comeback?

The truth about technical analysis.

And finally, Netsmith never needed this. Who hands in essays anyway?

Read More
Miscellaneous admin Miscellaneous admin

Blog Review 781

3628
blog-review-781

Netsmith's not all that sure that those coming out of the rubble of communism quite understand contracts yet. You have to take the rough with the smooth.

The difference between cap and trade and carbon taxes explained with an added bonus. Why politicians will choose the worse option.

Placing the blame for the financial crisis right where it arguable should be: with government.

GM hasn't been brought down by that crisis: people have been predicting it for at least 20 years.

How the campaigns starting against the e-cigarette show that the smoking ban wasn't about second hand smoke at all.

Rather, it all seems to be about allowing the prodnoses and killjoys to control the populace.

And finally, a new way to get rich.

 

Read More
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Blogs by email