Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.
1. Video of the Day. Do girls fall behind in science and engineering because society tells them they should be pretty, rather than, “pretty brilliant?” That’s the message of a new Verizon ad campaign. But in the video above, Christina Sommers, the Factual Feminist, shows that many inconvenient facts in the Verizon ad were held back to construct the misleading and false narrative about girls and women in STEM. For example, the ad failed to acknowledge that women earn 59% of bachelor’s degrees in biology, 48% of chemistry degrees and 44% of degrees in mathematics.
2. Chart of the Day above illustrates graphically one of the reasons that women are under-represented in the more mathematically intensive STEM fields like engineering and computer science. In 2013, boys out-performed girls for perfect scores of 800 on the math SAT test by a male-female ratio of 1.88 to 1 (188 boys for every 100 girls), and for a near-perfect score of 790 by a ratio of exactly 2 to 1.
3. “Smart Apps vs. Obamacare” by Greg Beato in Reason:
Health care is on the verge of becoming far more individualized, far more contextualized and collaborative, and most of all, far more ubiquitous. And as this happens, the Affordable Care Act will start to look more and more anachronistic, a 20th century solution imposing itself onto a rapidly shifting set of 21st century conditions.
Indeed, imagine if, in the late 1990s, the federal government decided to ensure our right to affordable music by making every American purchase a monthly subscription to the Columbia House Music Club or Tower Records. That would have been great for the Columbia House Music Club, Tower Records, and, say, Sisqo, but would it have been great, in the long run, for the American people?
4. Markets in Everything. uberFamily just expanded to D.C. and Philadelphia, and offers customers the option of ordering a vehicle that comes with a car seat for children. (Source: Washington Post)
Massachusetts Sen. Elizabeth Warren—a leading progressive populist, possible Democratic presidential candidate, self-proclaimed champion of the poor, and enemy of greedy corporations — supports the Export-Import Bank. That’s right: The woman best known for demonizing big businesses nevertheless wants to maintain an outlandishly generous subsidy package for them.
10. Bonus Chart of the Day above (click to enlarge) from Derek Thompson’s article in The Atlantic from a few years ago titled “The 100-Year March of Technology in 1 Graph.” It shows the “adoption rate” of new technologies and is pretty fascinating. For example, it took almost 100 years from the introduction of the automobile until 90% of US households owned a car. In contrast, more recently introduced new consumer products like the color TV, microwave, cell phones, computers, and air conditioning were more quickly adopted by a majority of US households, usually within a decade, and by 90% of households within several decades in most cases. (HT: Hitssquad)