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Do You Make More Than Your Folks Did?

Like father, like son? Insofar as wages are concerned the answer, apparently, is not anymore.

The New York Times' Economix blog reports:


Most men today earn less than equally educated men in 1979, with the exception of the most highly educated. The opposite is true for women: Most women today earn more than their equally educated counterparts from 1979, with the exception of the least educated.

The trend can be further explained by the potential wages among the most educated having risen while earnings among the least educated having fallen. Also, with less dependence on lower-skilled workers and industries like manufacturing, those lacking a high school diploma now fare even worse.

And college degree or not, today's Times tells the story of Scott Nicholson, a 24-year-old recent graduate whose perpetual joblessness is not unlike his millennial peer group. Among 18- to 29-year-olds, 14 percent are unemployed and 23 percent aren't even looking for a job. Instead preferring, like Nicholson, to mow lawns and paint fences, until the ideal, entry-level job finally becomes available. The wait is proving to be longer than expected.

Compared to your parents, are you better or worse off?

Articles
Pixabay

Two years after its opening in 1914, the Baltimore Museum of Art acquired a painting by Sarah Miriam Peale — its first work by a female artist. More than a century later, one might assume that the museum would have a fairly equal mix of male and female artists, right? But as of today, only 4% of the 95,000 pieces in the museum's permanent collection were created by women.

The museum is determined to narrow that gap, and they're taking a drastic step to do so.

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Culture
via Chela Horsdal / Twitter

Amazon's "The Man in the High Castle" debuted the first episode of its final season last week.

The show is loosely based on an alternative history novel by Philip K. Dick that postulates what would happen if Nazi Germany and the Empire of Japan controlled the United States after being victorious in World War II.

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Politics
via Alan Levine / Flickr

The World Health Organization is hoping to drive down the cost of insulin by encouraging more generic drug makers to enter the market.

The organization hopes that by increasing competition for insulin, drug manufacturers will be forced to lower their prices.

Currently, only three companies dominate the world insulin market, Eli Lilly, Novo Nordisk and Sanofi. Over the past three decades they've worked to drastically increase the price of the drug, leading to an insulin availability crisis in some places.

In the United States, the price of insulin has increased from $35 a vial to $275 over the past two decades.

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Health

Oh, irony. You are having quite a day.

The Italian region of Veneto, which includes the city of Venice, is currently experiencing historic flooding. Venice Mayor Luigi Brugnaro has stated that the flooding is a direct result of climate change, with the tide measuring the highest level in 50 years. The city (which is actually a collection of 100 islands in a lagoon—hence its famous canal streets), is no stranger to regular flooding, but is currently on the brink of declaring a state of emergency as waters refuse to recede.

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The Planet

Since the International Whaling Commission banned commercial whaling in 1986, whale populations have been steadily recovering. However, whales in the wild still face other dangers. In the summer of 2018, four Russian companies that supply aquariums with marine animals captured almost 100 beluga whales and killer whales (aka orcas). After a public outcry, those whales are swimming free as the last of the captive whales have been released, the first time this many captured whales have been released back into the wild.

In late 2018 and early 2019, a drone captured footage of 11 orcas and 87 beluga whales crammed into holding pens in the Srednyaya Bay. The so-called "whale jail" made headlines, and authorities began to investigate their potentially illegal capture.

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The Planet