Quote:
Originally posted by Mmmm, Burger (C.J.)
1) No, my point is that the fact that median income goes down in a state that manufactures cars, when those cars aren't being sold, doesn't tell us much about the health of the economy or the distribution of wealth. Yes, it tells us that wealth isn't being distributed to auto workers. But that's uninteresting--wealth isn't being distributed to plenty fo unemployed people.
2) Cite please?*
*That is to say--the DFP map doesn't tell us that, so what's your point? The same one as from weeks ago, which is income disparity has increased.
ETA: For example, this, which does a much better job of making your point than the DFP (although the peak in income inequality appears to be in the last year of Clinton.)
That said, the flaw in this study is that it identifies only that the top people are making more money, not that the same people are making more money. Big difference.
|
Ok, but, if both Spanky is right (that average income is rising) and Ty is right (that median income is falling) it seems like (but I have not logicked it out b/c my brain is mush) there must be more money on the richer side. I guess it could also happen if the people right above the mid-point got much richer and the tippy-top got poorer.
