College Majors and Gender Pay Gaps

Mark Perry went back to the Glassdoor report on salaries by college major degree and appended the percentage of those degrees that are awarded to males (keep in mind that 58% of all bachelors degrees are awarded to women).

So if women want to reduce the "gender pay gap" with men, there's a really easy fix that doesn't involve whining or government interference. They can just choose college majors that pay more.

Productivity Stagnation = Wage Stagnation

Ultimately, wages must reflect productivity. You cannot justify higher wages without higher production . Efforts to counter that without changing productivity-- e.g. misguided minimum wage actions -- are, then, merely transferring money from one set of people (those whose labor value is less than the minimum and are, therefore, unemployable) to those with higher skills and labor value.

You can argue why productivity has been falling in the 21st century (I blame increased government regulation and capital controls), but unless you change this curve, overall wages are going to continue to be stagnate.

Demagoguing Hurricanes

Last Week Hillary Clinton and Al Gore tried to convince you that "Climate Change" was responsible for "increased hurricane activity". The Inconvenient Truth, Al, is that hurricane activity has been unusually low recently. Facts simply don't matter to demagogues.