We have more graduates who majored in photography than mechanical engineering.
Is this a for-real statistic or are you just making shit up? If so, that's insane.
Tell me how the F*CK the U.S.A. will ever catch up to Singapore's GDP/capita
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LOL. Our growth rates can't be compared because WE HAVE DIFFERENT REGULATIONS? Maybe, I don't know, those regulations prohibit our growth? Populist policies, initiated and passed by politicians who want to stay in power are, I don't know, maybe not good for growth? Cheap labor maybe can't be had because of our MINIMUM WAGE and IMMIGRATION laws?
Just lol @ poli-sci tards trying to talk economics.
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It's true.
http://www.thedailybeast.com/galleries/2011/04/27/20-most-useless-degrees.html#slide14
We have more graduates who majored in photography than mechanical engineering.
Is this a for-real statistic or are you just making shit up? If so, that's insane. -
You are a retard. Singapore has no capital gains or dividend tax. It is designed to attract finance fat cats to set up shop there, artificially driving up the average... but median income tells the true story. It's pathetic compared to real first world nations.Liechtenstein is a tax haven. Try again.
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WTF did you poli-sci retard rejects come from?
"Singapore has no capital gains or dividend tax."
Yes, so maybe capital gains and dividend taxes aren't good for growth? Umm, virtually any economist would tell you that. Are you new to econ?
So, I don't know, maybe we should eliminate capital gains and dividend taxes to make our economy more competitive? What do you think, poli-sci tard?
Liechtenstein is a tax haven. Try again.
You are a retard. Singapore has no capital gains or dividend tax. It is designed to attract finance fat cats to set up shop there, artificially driving up the average... but median income tells the true story. It's pathetic compared to real first world nations.
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^ Nice. Because monkeys in the media writing sensationalist stories never make any mistakes.
Let's bring some actual data to this party. The 2010 Digest of Education Statistics tells us that in 2010, there were 18,500 bachelor's degrees awarded in mechanical engineering. (See http://nces.ed.gov/programs/digest/d11/tables/dt11_321.asp)
It also tells us that in 2010, there were 91,800 bachelor's degrees awarded in the ENTIRE category of "visual and performing arts". (See http://nces.ed.gov/programs/digest/d11/tables/dt11_334.asp) This category includes all degrees in art, music, theater, photography, etc.
The Digest of Education Statistics doesn't show any more disaggregated figures for the visual and performing arts, so it's hard to say what fraction of the 91,800 is in "photography". But my guess is that it's below 18,500.
Now, it is shameful that the category of "visual and performing arts" (91,800) seems to have more majors than all of engineering combined (72,700). (See http://nces.ed.gov/programs/digest/d11/tables/dt11_286.asp) But it's not quite as sensational as the "100,000 photography majors story".
Btw, the number provided in the daily beast article for photography majors is EXACTLY the number for all visual and performing arts majors for 2008-09. Evidently the writer wanted a number for photography, couldn't find it, and just decided that he'd use the number for the parent category instead. (This is also obvious from the fact that the same 89,140 number shows up for "fashion design", "music", "theater", "photography", "art", and "fine arts".)
If you really want a bizarre and inexplicable statistic on higher education, there's always the (true) fact that there are 97,200 majors each year in psychology alone, which is only a little less than the sum of all jobs in all psychology-related occupations, according to Occupational Employment Statistics. (http://www.bls.gov/oes/current/oes_nat.htm)
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The median household income in Singapore is $60,000, retard.
http://en.wikipedia.org/wiki/Demographics_of_Singapore#Average_household_monthly_income
Too many poli-sci and sociology tards. GTFO. ECONOMISTS ONLY.
The median household income in Singapore is $19000, please tell me more about how the influx of capital and high GDP actually helps the average person and makes it a better place to live than ths US.
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You must not have passed undergrad metrics, since you don't know the difference between selection and a true causal effect. Obviously if you made a place that attracts a bunch of rich people into one place and then look at its average, it's going to be high, but that doesn't tell you about where growth truly comes from.WTF did you poli-sci retard rejects come from?
"Singapore has no capital gains or dividend tax."
Yes, so maybe capital gains and dividend taxes aren't good for growth? Umm, virtually any economist would tell you that. Are you new to econ?
So, I don't know, maybe we should eliminate capital gains and dividend taxes to make our economy more competitive? What do you think, poli-sci tard?
Liechtenstein is a tax haven. Try again.
You are a retard. Singapore has no capital gains or dividend tax. It is designed to attract finance fat cats to set up shop there, artificially driving up the average... but median income tells the true story. It's pathetic compared to real first world nations. -
Wait, taxing productive capital doesn't impede growth? Is this a Low-IQ Schtick Day?
WTF did you poli-sci retard rejects come from?
"Singapore has no capital gains or dividend tax."
Yes, so maybe capital gains and dividend taxes aren't good for growth? Umm, virtually any economist would tell you that. Are you new to econ?
So, I don't know, maybe we should eliminate capital gains and dividend taxes to make our economy more competitive? What do you think, poli-sci tard?
Liechtenstein is a tax haven. Try again.
You are a retard. Singapore has no capital gains or dividend tax. It is designed to attract finance fat cats to set up shop there, artificially driving up the average... but median income tells the true story. It's pathetic compared to real first world nations.
You must not have passed undergrad metrics, since you don't know the difference between selection and a true causal effect. Obviously if you made a place that attracts a bunch of rich people into one place and then look at its average, it's going to be high, but that doesn't tell you about where growth truly comes from. -
Dont know where wikipedia is getting that from but here are the actual stats from the government^ Sorry, you have to remove the end parentheses in the first three links above, since the parser evidently tries to include them in the hyperlinks.
http://www.singstat.gov.sg/pubn/papers/people/pp-s18.pdf
"Among resident employed households , median monthly household income per household member rose from $1,850 in 2010 to $1,990 in 2011, an increase of 7.9 per cent in nominal terms, or 2.7 per cent in real terms. The first decile saw the highest percentage growth in average monthly household income per member of 11 per cent and 5.8 per cent in nominal and real terms respectively."
PARADISE
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The USA should make itself more competitive, like Singapore has been doing. Possible solutions include:
- no capital gains
- no minimum wage
- open borders
- no subsidies for retarded majors
- no welfare state
- no/bare minimum entitlements
- healthcare providers who compete
- healthcare buyers who pay out-of-pocket
- etc.The level of discussion in this thread is shocking, even by EJMR standards.
Please OP, first clarify WTF is the point of saying that Singapore is getting filthy rich...It's because the USA should learn from them and apply all their policies? Is that the lesson? -
You're retarded, right? That clearly says household MEMBER. Clearly, in a household, there is more than 1 member. Maybe like, I don't know, FOUR.
^ Sorry, you have to remove the end parentheses in the first three links above, since the parser evidently tries to include them in the hyperlinks.
Dont know where wikipedia is getting that from but here are the actual stats from the government
http://www.singstat.gov.sg/pubn/papers/people/pp-s18.pdf
"Among resident employed households , median monthly household income per household member rose from $1,850 in 2010 to $1,990 in 2011, an increase of 7.9 per cent in nominal terms, or 2.7 per cent in real terms. The first decile saw the highest percentage growth in average monthly household income per member of 11 per cent and 5.8 per cent in nominal and real terms respectively."
PARADISE