Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 6 The Economics of Labor Markets Chapter 19 of 36 Earnings and Discrimination Section 8 of 16 … According to the human capital theory view of education, schooling and training raises workers' wages because they become more productive. Economists have proposed an alternative, signaling theory, which emphasizes firms use educational attainment to sort likely high-ability and low-ability workers. According to this view, when people earn a college degree they do not necessarily become more productive because of the education itself but people do signal their potential higher productivity to prospective employers because it’s easier for higher-ability people to earn a college degree. … In the similar advertising signaling theory the advertisement itself may contain no real information but the firm signals product quality to consumers by its willingness to spend on advertising. In the education signaling theo...
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Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed. PART 6 The Economics of Labor Markets Chapter 19 of 36 Earnings and Discrimination Section 7 of 16 … How substantial are the economic benefits of good looks and beauty? Economists Daniel Hamermesh and Jeff Biddle addressed this in a 1994 study of individuals in the U. S. and Canada. The economists examined how much wages depended on the standard determinants such as education and experience and how much their wages depended on physical appearance. … The study found having good looks results in higher wages. People who were deemed · to have better-than-average looks earned 5 percent more than people with average looks · to have average looks earned 5 to 10 percent more than people with less-than-average looks Results were similar for both men and women. … Good looks are useful in any job in which workers work in public including acting, sales, and waiting on tables. People return and buy more just to see the ...
Scot and Fumiko pictures and information
Fumiko Scot's information: Weight at 163 pounds, got to 160 pounds five years ago and have recently been bouncing between 163 and 170. Common sense ways to lose and keep off weight are eat right and light and get lots of exercise. Main exercise is walking, do 1~2 miles most days. Over career worked as a salesman in the steelmaking, fasteners, and auto manufacturing industries, lots of travel in U.S., Canada, Mexico, and Japan. Have visited every U.S. city with a major league, MLB, NFL, NBA, NHL, sports team except Sacramento, have gotten as close as Travis Air Force Base. Often traveled on Sundays, much time on the road so could not eat right and get enough exercise so got heavy, up to 200 lbs. Was on commission and made enough to retire early, now eat right and light, get enough exercise. Now am spending most time reading and writing. Our Wick branch goes back to the brother of owner of the Wick House at Morristown National Historical Park in Morristown New Jersey, and on back t...
HAT Manifesto Part 1/3 - Rubric Cube - 250803 edit
“The world we see that seems so insane is the result of a belief system that is not working. To perceive the world differently, we must be willing to change our belief system, let the past slip away, expand our sense of now, and dissolve the fear in our minds.” - William James “All experience has shown mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed.” - Thomas Jefferson “Wherever good fortune enters, envy lays siege and attacks it. And when it departs, sorrow and repentance remain behind.” - Leonardo da Vinci “Struggle is the indispensable accompaniment of progress. If men were entirely social, man would stagnate. A certain alloy of individualism and competition is required to make the human species survive and grow. Without qualities of an unsocial kind men might have led an Arcadian shepherd life in complete harmony, contentment, and mutual love. But in that case all their talents wou...