American Economics Thread

[AndrewS]

Asian and Chinese aren’t coextensive. ~25% of US Asians are Chinese and Asian Indians (another ~25% of US Asians) are a fairly high performing cohort as well. Your just presenting evidence the 1965 Immigration and Nationality Act selects on educational performance with respect to Asian immigrants and not much else (and certainly not the everyone learns calc bc in middle school nonsense)

UK results for middle-school GCSE performance below.
Calculus is covered in the GCSE curriculum.
You can see the "Chinese" category is above every other category of "Asian"
And I would expect comparable results in the US, given the similarities with the UK.

Source
schoolsweek.co.uk/remarkable-improvement-in-ethnic-minorities-gcses-but-some-fall-further-behind/

 

[manqiangrexue]

Asian and Chinese aren’t coextensive. ~25% of US Asians are Chinese and Asian Indians (another ~25% of US Asians) are a fairly high performing cohort as well. Your just presenting evidence the 1965 Immigration and Nationality Act selects on educational performance with respect to Asian immigrants and not much else

You think that fact helps you??? The problem with the data lumping all Asians together is that it makes Chinese student's scores look lower. China has the most impressive STEM and Math education of all Asian nations by far.

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This is what the "US" math team looks like:

You have got to be the worst debator I have ever seen here. I've seen people who can't make arguments; there's plenty, but I have yet to see one who consistently makes points against himself with make-believe data only to be proven wrong when the actual data is searched for.

(and certainly not the everyone learns calc bc in middle school nonsense)

This line's got you scared shitless, doesn't it? You've mentioned it again and again hoping it's not true. Well, I didn't say everyone, just the good ones, so you can relax and breathe a sigh of relief (cus I know deep down, you have no idea what's true and what's not true about the Chinese). But not too deep... because our average ones are way better at math than you anyway. See data above.

 

[Tianxiang]

One thing I love, as someone living in the US and not part of the 1%, is when the media and people with an agenda tell me that inflation is not so bad.

I still remember when, in my poorest days, I could get taco bell's beefy 5-layer burrito for 89 cents (circa 2011). It's $4 now at my local Taco Bell and $3.69 on their website (

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). And god forbid I try to order it on uber eats, where the listed menu price is $6.09 (this is before fees, tips, and taxes).

Or when the suburban apartment I rented in 2017 for $1320/mo is now going for $1990/mo (and this is the market listing, I don't live there anymore, if I did they'd probably be charging me well over $2000).

Or how a dozen eggs is $3 at my local supermarket when I was paying 99 cents for them ten years ago.

Things have gotten wildly expensive over the last decade. Some changes happened very rapidly like Maggiano's raising the spaghetti and meatballs from $15 + a free take-home pasta to $25 and pay $6 if you want an extra take home pasta in just the last 4 years. Or that local Hawaiian place whose teriyaki chicken entree went from $15 in 2021 to $25 now while also suffering from shrinkflation (half the meat portion replaced with rice).

 

[CMP]

Anyone living and working in America or the West can attest to how bad "real" inflation is. If you just ignore the propaganda and "published figures" flooding the "information" landscape, rent has increased by 25-50%, grocery bills have gone up to record levels, utility bills have gone up to record levels, education/tuition costs have gone up to record levels, healthcare costs have gone up to record levels, etc. The only people who have kept up with inflation are those who have seen their incomes increase by ~25-50% over the last few years. My partner and I are lucky we fall into that category, but we know that this is not true for 90%+ of Americans, let alone Westerners. Not to mention most major employers have a ton of restructuring/downsizing plans coming down the pipeline for the coming year.

The blame for this lays at the feet of multiple American and Western regimes, across consecutive administrations regardless of party. They have been so neurotic about pushing their anti-China schemes as hard as possible that they have shit the bed when it comes to the economy.

 

[FriedRiceNSpice]

Asian and Chinese aren’t coextensive. ~25% of US Asians are Chinese and Asian Indians (another ~25% of US Asians) are a fairly high performing cohort as well. Your just presenting evidence the 1965 Immigration and Nationality Act selects on educational performance with respect to Asian immigrants and not much else (and certainly not the everyone learns calc bc in middle school nonsense)

Do you need someone to show you global data on math/science test scores and academic achievement between students in China and India? Perhaps you should Google it yourself first.

Or when the suburban apartment I rented in 2017 for $1320/mo is now going for $1990/mo (and this is the market listing, I don't live there anymore, if I did they'd probably be charging me well over $2000).

Bay Area?

 

[azn_cyniq]

UK results for middle-school GCSE performance below.
Calculus is covered in the GCSE curriculum.
You can see the "Chinese" category is above every other category of "Asian"
And I would expect comparable results in the US, given the similarities with the UK.

Source
schoolsweek.co.uk/remarkable-improvement-in-ethnic-minorities-gcses-but-some-fall-further-behind/

I am not surprised by this. I went to one of the best high schools in the country and the Chinese and Korean students were the highest-achieving (GPA, SAT, ACT, IMO, IPhO, Putnam, Codeforces, music, etc.) students by far.

 

[manqiangrexue]

Do you need someone to show you global data on math/science test scores and academic achievement between students in China and India? Perhaps you should Google it yourself first.

If he googled the data before posting his imaginary version of it, it wouldn't be him writing. This is @chgough34 :

"Well, your data shows that Asians are performing better as a group but Chinese are only part of it, so there's Korean, Japanese, Indian, Bangladeshi, Indonesian, etc... So basically, if we take those scores and make them the top scoring 75% of the Asian ethnicity, and then we put the Chinese scores at the bottom 25%, and then we double the total number, which is adding 68%-168% (doesn't matter which since they're the same number; if you see 168% being written, that's just antiquated mathematical nomenclature for 68%) in pure full scores, then average out the Chinese scores, we can extrapolate by the equation X^3=Y(f)sum of(X,Y,Z,A,B,C)/3X^2 where X is represented in a series as E[X], that the Chinese scores are actually lower ranking than all ethnic groups, hence not every single Chinese person could have been tutured in CalcBC since middle school.... Right? Am I right? Somebody tell me I'm right. Yall weren't all tutored in Calc BC since middle school, right? Totally, what a joke... Seriously, please tell me that you were kidding when you said that."

 

[supersnoop]

One thing I love, as someone living in the US and not part of the 1%, is when the media and people with an agenda tell me that inflation is not so bad.

Well that's problem #1

Being in the 1%, you can shop for things like better interest rates for borrowing and saving, gaining you even more money.

Meanwhile if you are some poor pleb, you are at the mercy of whatever is thrown at you.

Simple solution, be in the 1%

 

[FriedRiceNSpice]

It should also be taken into account that for South Asians, a large proportion of their "best and brightest" immigrate to the US and that a disproportionately large number of South Asians residing in the US represents their "best and brightest." This is simply not true for East Asians. Whether living in the US or India, a large proportion of India's top STEM talent are working for US tech companies. On the other hand, a much smaller proportion of China's top STEM talent are not working for Chinese companies in China.

Simple solution, be in the 1%

These days in the US, more like the top 0.1%.

 

[CMP]

Well that's problem #1

Being in the 1%, you can shop for things like better interest rates for borrowing and saving, gaining you even more money.

Meanwhile if you are some poor pleb, you are at the mercy of whatever is thrown at you.

Simple solution, be in the 1%

Even if we exclude the top 1%, the rest of the top 5% are doing fine too. The group that makes up the 80-90 percentile rank by income is just BARELY keeping pace with "real" inflation though. Not to mention a significant portion of that 80-90 percentile rank cohort will likely be laid off in the coming 0-2 years.