Fun statistical trick: Suppose Trianglestan has a population of 10. The poorest Trianglestani makes $1/year, the richest makes $10.
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Assume nobody's income actually changes. Then... avg. income w/degree: $7.50. avg. income without: $2.50. Both groups "lose" income!
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NOTHING ACTUALLY CHANGED, but the NYT, Vox, et fucking c. have a field day trumpeting the economic horror.
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@St_Rev something has changed just not the incomes -
@soapjackal Some labels got moved around. You can "solve" a Rubik's cube like that, but. -
@St_Rev Educational Institutions Value is related to Expected Utility one would receive from attending -
@soapjackal Note that in this toy example, nobody's income changed. No economic effect at all, just a category boundary got moved. -
@soapjackal Similar phenomena can be seen in mortality/morbidity statistics when defns shift, cf. recent drop in w. female life expectancy.
End of conversation
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@PScatterpatter Consensus is that it's related but not quite the same.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.