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It's interesting that the comparison of the Gini coefficient between Sweden and the United States wasn't mentioned as one of Ezra's errors. Since, as far as I c
by arvinjoar 11y ago
It's interesting that the comparison of the Gini coefficient between Sweden and the United States wasn't mentioned as one of Ezra's errors. Since, as far as I can tell, PG is talking about wealth disparity, generally, in his original article, and only mentions income inequality when talking about the "pie fallacy".
Most of the money the founders and early employees of a startup end up making would never be considered income (right?) and therefor not skew the Gini coefficient?
Anyway, seems like an error to me, if I am wrong, please help me understand what error I am making.