April 23, 2016

The Marginal Product of Labor

Filed under: Economics — Tags: , , , — Nicholas @ 03:00

Published on 7 Apr 2015

In this video on the marginal product of labor, we discuss some commons questions such as: How are wages determined? Why do most Americans earn so much by global standards? What exactly is meant by ‘human capital’? Do labor unions help workers, and if so, by how much? How does discrimination affect labor markets? How is the demand for labor different than the demand for a good? We’ll discuss how to derive the demand for labor based on the marginal product of labor, and use real-world examples — such as the demand for janitors in a fast food restaurant — to illustrate this calculation. We’ll also cover an individual’s labor supply curve vs. market supply of labor.

Politics, your social bubble, and you

Filed under: Politics, USA — Tags: , , , — Nicholas @ 02:00

Last week, Megan McArdle looked at the Hindenburg-crashing-into-the-Titanic-during-a-volcanic-eruption how so many people’s assessment of the US general election is so at variance with reality:

Call it “the big sort” or “demographic clusters” or whatever you like, it all comes down to the same thing: Even as Americans talk more and more about diversity, they are increasingly dividing themselves into like-minded bubbles where other people, with other experiences and viewpoints, almost never penetrate. This is the message of books by Charles Murray and Robert Frank, and indeed of our own social media feeds.

All of those articles on “how to talk to your family about politics this Thanksgiving” might as well be called “how to discuss politics on the one day a year when you find yourself in a group that has not been hand-curated to remove dissenting viewpoints.”

I don’t exclude myself from this. I live in one of the most rarefied bubbles on the planet, a community of policy-focused knowledge workers in which I practically qualify as a proletarian because I have spent years in jobs that did not involve writing about what other people have done or ought to do.

Even the socialists here in Washington are often notable for their lack of personal familiarity with their side in the class war. Outside of family circles, I almost never meet anyone who does not have a college degree and a 401(k), unless I’m buying something from them, or giving a talk at a university to people who are on their way to having a college degree and a 401(k).

Social media, of course, makes this problem worse. Even if we are not deliberately blocking people who disagree with us, Facebook curates our feeds so that we get more of the stuff we “like.” What do we “like”? People and posts that agree with us. Given that Facebook seems to be the top news source for millennials, and an increasingly important one even for folks who grew up skimming dead trees for information, that matters quite a lot.

QotD: Colonialism

Filed under: History, Middle East, Quotations, Religion — Tags: , , , — Nicholas @ 01:00

There are Muslims in Israel for the same reason that there are Muslims in India. They are the remnants of a Muslim colonial regime that displaced and oppressed the indigenous non-Muslim population.

There are no serious historical arguments to be made against any of this.

The Muslim conquests and invasions are well-documented. The Muslim settlements fit every historical template of colonialism complete with importing a foreign population and social system that was imposed on the native population. Until they began losing wars to the indigenous Jewish population, the Muslim settlers were not ashamed of their colonial past, they gloried in it. Their historical legacy was based on seizing indigenous sites, appropriating them and renaming them after the new conquerors.

The only reason there’s a debate about the Temple Mount is because Caliph Omar conquered Jerusalem and ordered a mosque built on a holy Jewish site. The only reason there’s a debate about East Jerusalem is because invading Muslim armies seized half the city in 1948, bombed synagogues and ethnically cleansed the Jewish population to achieve an artificial Muslim settler majority.

The only Muslim claim to Jerusalem or to any other part of Israel is based purely on the enterprise of colonial violence. There is no Muslim claim to Israel based on anything other than colonialism, invasion and settlement.

Israel is littered with Omar mosques, including one built in the courtyard of the Church of the Holy Sepulchre, because Islam is a colonial entity whose mosques testify to their invasive origins by celebrating colonialism as their true religion. The faith of Islam is the sworn religion of the sword.

Islam is a religion of colonialism that spread through invasion, settlement and conquest. Its caliphs, from the original invaders, including Omar, to the current Caliph of ISIS, wielded and wield religious authority in the service of the Islamic colonial enterprise.

Allah is the patron deity of colonialism. Jihad is just colonialism in Arabic. Islamic theology is nothing but the manifest destiny of the Muslim conquest of the world, colonial settler enterprises dressed up in the filmy trappings of religion appropriated from the culture of conquered Jewish and Christian minorities. Muslim terrorism is a reactionary colonial response to the liberation movements of the indigenous Jewish population.

Daniel Greenfield, “Islam is Colonialism, Palestine is Colonialism”, Sultan Knish, 2016-04-10.

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