Back in January, I wrote a post called Why Study Economics and What Skills Actually Matter. It came from conversations I keep having with students who are anxious about the future—AI, disappearing job titles, and the fear that choosing the “wrong” major could lock them out of opportunity.
Absolutely true. I didn’t work in economics and I graduated in Engineering, then later Medical Field, but the year of economics courses I took in college gave me the most understanding of how to understand the dynamics of the job market, the direction of the economy, and how to predict behavior and responses on both micro and macro scales. It shaped my thinking.
I have compared earnings with my fellow college grads in the past and i was always the top earner. I hadn't thought much about it until i interviewed for my new role and my VP said he was looking for people like me. Economics makes a difference
Will be sharing this with my Intermediate Macro students today. They are well aware of how poor the labor market is for new grads, this will be some good news.
The Judicial category interests me due to knowing that more labor economists are needed. Often the nominees come from corporate defense firms and it becomes a question as to their prior experience (BIAS!!) influencing rulings.
*My nephew is currently a junior in HS looking at Business programs, I'm going to use this to beat some sense into him.
I can't wait to get a chance to read this one. It's surprising how persistent the gap is between, but perhaps that just reflects that annual adjustments are more consistent across people regardless of background, and the starting wage is really driving the gap.
Absolutely true. I didn’t work in economics and I graduated in Engineering, then later Medical Field, but the year of economics courses I took in college gave me the most understanding of how to understand the dynamics of the job market, the direction of the economy, and how to predict behavior and responses on both micro and macro scales. It shaped my thinking.
I have compared earnings with my fellow college grads in the past and i was always the top earner. I hadn't thought much about it until i interviewed for my new role and my VP said he was looking for people like me. Economics makes a difference
Will be sharing this with my Intermediate Macro students today. They are well aware of how poor the labor market is for new grads, this will be some good news.
The Judicial category interests me due to knowing that more labor economists are needed. Often the nominees come from corporate defense firms and it becomes a question as to their prior experience (BIAS!!) influencing rulings.
*My nephew is currently a junior in HS looking at Business programs, I'm going to use this to beat some sense into him.
(Spelling error on Fig. 1 set my OCD off.)
I can't wait to get a chance to read this one. It's surprising how persistent the gap is between, but perhaps that just reflects that annual adjustments are more consistent across people regardless of background, and the starting wage is really driving the gap.
This is fascinating! Lots of new conversations on AQ - agility (or adaptability) intelligence!
Are there any good studies/texts on measuring inate abilities versus skill sets taught or integration of cultural influences?