Saturday, February 1, 2014

Inequality Godzilla

Via People's Cube.

Inequality Godzilla photo 28986-godzillakingposter2_zps65637375.jpg

Related: From Virginia Postrel, at Bloomberg, "Obama Fails Art History and Economics":
President Obama had a perfectly fine message for young people when he spoke at a General Electric plant in Wisconsin yesterday: Learning a skilled trade can be just as lucrative and worthy of respect as getting a college diploma. Unfortunately, that’s not what he said.

Instead, he took a cheap shot at the favorite punching bag of people who deride higher education in general and the liberal arts in particular. He attacked art history. “I promise you, folks can make a lot more potentially with skilled manufacturing or the trades than they might with an art history degree,” he said....

In fact, the reason pundits instinctively pick on art history is that it is seems effete. It’s stereotypically a field for prep school graduates, especially women, with plenty of family wealth to fall back on. In fact, a New York Times analysis of Census data shows that art history majors are wildly overrepresented among those in the top 1 percent of incomes. Perhaps the causality runs from art history to high incomes, but I doubt it.
Yeah, the "evil" one percent. We'll be hearing a lot about them this year as the left escalates its pogrom on wealth creators.