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The whole thing he is explaining is just regression to the mean. The author directly addresses this further down in the article. Regression to the mean is a po
by NickM 8y ago
The whole thing he is explaining is just regression to the mean.
The author directly addresses this further down in the article. Regression to the mean is a possible explanation of the numbers he cites, but it doesn't refute the main point he's making, which is that some numbers suggest poor people capture more of the gains from economic growth than is widely thought.
- moorhosj 8y ago“Widely thought” based on what? This seems like the building of a straw man.
- TulliusCicero 8y agoIt's not just a possible explanation, it's the most obvious one. It's a well understood phenomenon that results in exactly what he's discussing here. > some numbers suggest poor people capture more of the gains from economic growth than is widely thought. Some individual poor persons will, yes. "The poor", as a class, will not.