Is the Washington Post lying, or just fucking dense?

 
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This is the way the world ends. Not with a bang but a whimper.
An article about the financial sector apparently being too big or some stupid shit, which leads to this claim below:
Quote
In perhaps the starkest illustration, economists from Harvard University and the University of Chicago wrote in a recent paper that every dollar a worker earns in a research field spills over to make the economy $5 better off. Every dollar a similar worker earns in finance comes with a drain, making the economy 60 cents worse off.

Funnily enough, however, the study doesn't fucking claim that. Fuck you, Washington Post.

 
 
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Normally, the WaPo is quite good for a news source. So, I'm not sure what went wrong here (Though, I have no time to read the entire study).

 
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>reading WP ever

Lol

 
 
 
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<.<
I can see how money earned in research fields pay off on a bigger scale more than say finance, but I'd be sceptical that it actually drains 60 cents per dollar earned <_<

 
 
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This is the way the world ends. Not with a bang but a whimper.
Quote from: Fagcicle on December 18, 2014, 01:51:52 PM
Normally, the WaPo is quite good for a news source. So, I'm not sure what went wrong here (Though, I have no time to read the entire study).
From a cursory glance over a Reddit thread talking about the same article, it seems as if the figure comes from Table 1.

Which is actually just a table of assumptions.

 
 
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Well the first issue is listening to some Harvard graduate. Just because somebody has an expensive degree, that doesn't make them correct. I've read an article that a Yale or Harvard law graduate wanted some case to skip the probable cause checks of a grand jury and go straight to public trial