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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: patim who wrote (80708)12/4/2000 4:23:34 PM
From: el_gaviero  Read Replies (2) of 95453
 
Patim,
I don’t know what bit of madness prompts me to jump into the discussion that you started, except an impulse to get you to check out the data. Read The Bell Curve, a very open but also sensitive discussion, carefully backed by data, of ethic differences as related to IQ. Specifically, look at page 323, where the authors give a graph of average income before and then after controlling for IQ.
Before:
Annual wages for a year-round worker, 1989, of average age (29) before controlling for IQ:
white: $27,327
black $20,994
latino 23,409.

If you control for IQ you find a different story, i.e.,

for a person of average age and average IQ (100):
white: $25,546
black $25,001
latino $25,159

If this data is accurate, it is hard to make the argument that racism is a powerful force in American life. In fact, the only logical conclusion is that there is no evidence of racism at all. Equal talent meets with equal success.
As Thomas Sowell sometimes says to the liberals: “It is too bad that God did not make the world to your moral specifications.” El gaviero
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