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I'm not sure what you're getting at by pointing out this obvious difference. Could you elaborate?
by gnosis 16y ago
I'm not sure what you're getting at by pointing out this obvious difference. Could you elaborate?
- forensic 16y agoYou said "I'd be much more interested in seeing the differences in median wealth (for the population as a whole, and broken down by race/ethnicity), adjusted for inflation." Which I agree with wholeheartedly. But then to my disappointment, you posted information about wealth distribution rather than median wealth. I got the impression you were saying that wealth distribution says something about median wealth. I don't think it does. The wikipedia links were good though, so thanks.
- jongraehl 16y agoKnowing a distribution, you know its median. Even if you just know the weight in a quantile (e.g. X% of wealth is in the hands of the top Y% of people), then you can upper bound the median wealth once you know per-capita wealth. And if you're willing to make some assumption about the general shape of the distribution, knowing it tells you even more.
- bricestacey 16y agoYour original comment is about relative wealth. Therefore, I think his point is that your original comment is irrelevant in the context of a 6x increase in wealth.