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This article is pretty embarrassing in its use of numbers/statistics. The second number is how many jobs the state Economic Development Department claims to ha
by Perceval 17y ago
This article is pretty embarrassing in its use of numbers/statistics.
The second number is how many jobs the state Economic Development Department claims to have created in Santa Fe last year.
As if the state's economic development department were the main driver of job creation!
Bowles argues that inequality is holding the United States back, but it's not clear that that's the case. You can see the chart of states arranged by gini coefficient, where rich dynamic centers of business like New York and California score highly. In contrast, Utah is the most equal state in the U.S., but is anyone flocking there? Does anyone want to reproduce Utah's social model throughout the rest of the country?
Then the statistics for the top and bottom 10%--both groups have an approximately 30% chance that their offspring will stay in the same percentile of income distribution. But this means that 70% of rich kids are going to fall from grace, whereas 70% of poor kids are going to grow up to do better. And that's bad?