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| Topic | New studies show that the poorest workers accrue the largest economic gains |
| Balrog0 10/25/18 2:34:28 PM #23: | https://cdn-images-1.medium.com/max/1000/1*Td28gng3bsi323fLxrwb5w.jpeg imo this picture undermines the overall point that russ is trying to make here median income among the top % falls even as mean income explodes; yes, the mean income still goes up more for the lowest quintile, but then the mean income for the top 1% increases more than for any other quintile which implies that even though most people lost income in that top 1%, a small number greatly increased their income. i think that is perfectly consistent with the idea that a smaller number of people capture a larger share of the gains over time if you disaggregate the data farther but overall I do agree there should be nuance in the conversation about economic mobility in the usa --- But to you who are listening I say: Love your enemies, do good to those who hate you, bless those who curse you, pray for those who mistreat you. ... Copied to Clipboard! |
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