Monday, April 12, 2010

"Do Smarter Workers Work Less?"

I see no empirical evidense [hah! you wrote 'dense' -ed]
From Economix:

Last week, we summarized a Labor Department report on hours worked and earnings by state, which found that Nevadans work the longest hours and workers in the District of Columbia had the highest hourly wage. Over at The Atlantic, Richard Florida has parsed the data to focus on what makes a state’s labor force more or less likely to work longer weeks and get higher pay.

His result: Education seems to play a big role in how long a state’s average resident works, and for what wage.

In the chart below, Mr. Florida, director of the Martin Prosperity Institute at the University of Toronto, plotted states according to human capital — here defined as what share of their work force had at least a bachelor’s degree — and how much their average worker earned per hour.

Richard Florida and Charlotta Mellander
As you can see, states with more college graduates tended to have higher wages (with a correlation of 0.65). And that’s not all....MORE