In their insatiable search for inequality and unfairness, the inimitable Huffington Post has discovered that college graduates with engineering and math degrees earn more than say those with largely unmarketable sociology and english degrees:
As a result, wage inequality between college majors is growing. The median salary of math, science, and computer science majors’ first jobs rose 5 times as quickly as the median salary of humanities and science majors’ first jobs in 2012, according to the National Association of Colleges and Employers.
And workers that start out at a lower salary will likely be making less money for the rest of their lives. Workers that majored in math, economics, biology, and engineering make between $40 and $51 per hour on average in 2012, according to a separate Wall Street Journal report that analyzes a recent economics paper by Yale University economists. Workers that majored in nearly anything else make less than $40 per hour on average. For example, economics graduates make twice as much as social work graduates on average.
I see an opening for the Obama reelection campaign here.
President Obama’s Buffet rule proposal to require millionaires to pay a minimum 30% tax on income and capital gains because it is unfair that the top 1% of earners only pay 28% of the government’s bills has certainly hit a chord with the American people – or at least those people who occupy Dem media news rooms.
Mr. Obama could expand his war on inequality by proposing to raise the taxes of engineers and mathematicians and spread the wealth around to the underprivileged with sociology and english degrees burdened with Ivy League college loans and only able to find jobs at McDonalds or temporary gigs at Occupy Wall Street squatter camps.
Call it the Geek Rule.