Comments on: Gregory Clark Uses Computer over Phone, Predicts "Economic Redundancy" of Working Class

By: The Lump of Labour Fallacy — and Virtual Reality « econfuture | Future Economics and Technology

Wed, 09 Jun 2010 11:29:17 +0000

[...] the reflexive accusations of “Lump of Labor Fallacy” quickly appeared: Tim Worstall, Will Wilkinson, EconoSpeak. Is it really true that anyone who worries about the impact of technology on [...]

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By: ryan yin

ryan yin — Tue, 11 Aug 2009 11:46:04 +0000

Excellent point. Some of the literature seems to acknowledge that unidimensional skill might not be a reasonable approximation but points out that modeling with multiple dimensions is just too complex to be tractable.

(Sometimes it's suggested that if you say “skill” has multiple dimensions, it's really hard to get clear policy prescriptions like “cut taxes” or “make taxes more progressive.” Which I suppose might be kind of damning about the whole business.)

By: SB

SB — Tue, 11 Aug 2009 11:22:06 +0000

Isn't it a little unfair to say Will is advocating heroic and politically difficult policy changes? My impression was Greg Clark was advocating massive increases in redistribution, and apparently, i.e., before we have any evidence that for once the broken clock happens to be right and this time economic and technological growth will actually turn out to be bad for the poor. Is this not a heroic and politically difficult change? At least Will is responding to a problem that isn't merely speculative.

[Not to mention that Clark infers from the health care debate that there exists massive demand for equality of outcomes, despite (a) having already pointed out that Americans have no such desire with regard to most other things, suggesting that maybe people's political notions about health care are radically different from those about other issues, and (b) that there is growing evidence that Americans want lower costs a lot more than they want universal coverage, to say nothing of equality of coverage.]

By: Gregory Clark Uses Computer over Phone, Predicts “Economic … « Taxes Tools

Tue, 11 Aug 2009 03:11:35 +0000

[...] Read the original: Gregory Clark Uses Computer over P… [...]

By: thehova

thehova — Tue, 11 Aug 2009 00:19:06 +0000

I'm not surprised that Ezra Klein likes Clark's op-ed.

By: TGGP

TGGP — Tue, 11 Aug 2009 00:12:47 +0000

So what evidence does exists contradicts your claim that the private sector will solve everything because government is the source of all ills, and yet it makes not a dent in your claims (for which you have no supporting evidence, much like the liberals who think we can fix it by pouring in more money or just clapping our hands and believing real hard). I'm a radical libertarian who wants to abolish public education, but I'm not going to claim more for private schools than is warranted just because it fits my ideological presuppositions. The mere fact that public schools are unpleasant places to have to spend 7 hours a day is enough, no need to claim they actually do a worse job of educating children than any alternative we've seen.

You often reply to the inequality doom'n'gloomers that consumption data gives a different picture. However, the poor are able to consume as much as they are precisely BECAUSE of transfers. Libertarian optimists like Stephen Moore acknowledge this. Many government jobs and "private sector" make work (such as we see with various jobs bills like the latest stimulus) are essentially that kind of transfer in disguise. The unemployment rate would also look a lot worse if the incarcerated were included. The explosion in imprisonment occurred around the same time as the divergence in income.

Although IQ is correlated with economic success, it is not the only factor. In fact, Clark's book is premised on a different trait of individual variation (time preference) causing the industrial revolution. To learn that other traits are important is not to conclude that they are any more malleable. Executive function is actually far more heritable than IQ (which is not to say we know it can't be improved, but that makes it less likely).