[RD] Daily Graphs and Charts

[Cutlass]

Yeah, I don't understand the affordability. Incomes for most Americans was stagnant while house prices climbed. Interest rates were low, but still it doesn't seem to add up.

 

[Monsterzuma]

It probably would have made more sense to display that affordability graph in terms of median income.

 

[Monsterzuma]

http://jaredbernsteinblog.com/what-are-we-doing/

Germany and Italy score appallingly low on this. US is still in a decent place but is among the few places that stagnated over the years.

 

[Winner]

This looks veeeery suspicious. Are the standards of "tertiary education" the same for all the countries in the chart? The fact that Germany, Austria, Czechia, Hungary and Slovakia - countries with broadly similar education systems - are remarkably close tells me that there's something off.

 

[Mise]

Germany puts a lot more emphasis on apprenticeships, rather than university degrees. It doesn't surprise me that Germany is so low.

P.S. I checked Eurostat's 2008 data and the numbers are basically the same as in that chart for DE, UK and FR. Didn't bother checking any more.

 

[Gigaz]

This looks veeeery suspicious. Are the standards of "tertiary education" the same for all the countries in the chart? The fact that Germany, Austria, Czechia, Hungary and Slovakia - countries with broadly similar education systems - are remarkably close tells me that there's something off.

I'm sure that the chart only takes university attendees into consideration, at least for Germany. If someone doesn't go for tertiary education at a university here, he will participate in a trainee program which are offered by the companies and take 2-3 years.

 

[Monsterzuma]

Wikipedia's take on it:

Since the end of World War II, the number of young people entering university has more than tripled, but university attendance is still lower than that of many other European nations. This is partly because of the dual education system, with its strong emphasis on apprenticeships (see also German model) and because many jobs which do require a college degree in other countries (such as nursing) require only a qualification from a school (such as Krankenschwesternschule), which does not count as college.

http://en.wikipedia.org/wiki/Education_in_Germany

 

[GoodSarmatian]

I think if you don't count bachelor's degrees as tertiary education Germany will be much higher on the list. We didn't even have them until a couple of years ago. It was either an apprenticeship or a 'proper' degree which takes at least five years.
It's still a common opinion that if you do a bachelor's degree and don't follow up with a master's you're a glorified dropout.

 

[Quackers]

Jeeze look at Korea =O

 

[kronic]

I think if you don't count bachelor's degrees as tertiary education Germany will be much higher on the list. We didn't even have them until a couple of years ago. It was either an apprenticeship or a 'proper' degree which takes at least five years.
It's still a common opinion that if you do a bachelor's degree and don't follow up with a master's you're a glorified dropout.

Which is about right. Bachelor degrees are pretty useless. I still don't get why our politicians were stupid enough to give up our old diploma system.

As for the graph, it's already explained. Lots of professions that elsewhere require college degrees are taught within a dual system of vocational training and apprenticeships. The system is pretty effective in keeping youth unemployment at comparably low levels. Even when Germany ranked among the countries with the highest unemployment rates, youth unemployment was only average in comparison. I sure hope we'll not introduce nursery as a college degree...
http://en.wikipedia.org/wiki/Dual_education_system

 

[metatron]

...

 

[Yeekim]

Wow, that was an interesting paper! (y)

 

[Mise]

I read a blog post by a linguist who tore that article apart. Basically said it was complete nonsense from a linguistic perspective. I'll see if I can find it tomorrow, or maybe one of you can Google it.

Sent from a phone, apols for any mistakes.

 

[Mise]

Indeed. And from an economic perspective, I sincerely doubt that even the correlation holds across all times. In the 1930s, the USA was a net creditor and Germany was a net debtor, for example.

 

[Winner]

Indeed. And from an economic perspective, I sincerely doubt that even the correlation holds across all times. In the 1930s, the USA was a net creditor and Germany was a net debtor, for example.

Besides, 4.something% difference isn't that statistically significant.

 

[Arwon]

It could be statistically significant, but it's still not very significant.

 

[Leoreth]

I don't think the whole "language shapes thought" theory is all that credible to begin with. But it still looks interesting in chart form, correlation or not.

 

[luiz]

Correlation does not prove causation, and all that.

 

[Leoreth]

Sure, didn't want to imply that.

 

[Yeekim]

Average world wages in PPP dollars. The graph is interactive though, can't figure out if there's a way to embed it here somehow.
http://www.bbc.co.uk/news/magazine-17543356