6 ms·
My understanding is that inequality is much worse now than in the 60s. It also seems like back then it was much easier to have a good quality of life with a no
by harimau777 6y ago
My understanding is that inequality is much worse now than in the 60s. It also seems like back then it was much easier to have a good quality of life with a non-skilled job than it is today. However, I haven't looked into it too much so I could be mistaken.
- refurb 6y agoCensus data on percentage of blacks living in poverty.[1] 2018 - 23.3% 1966 - 31.1% [1]https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-people.html https://www.census.gov/data/tables/time-series/demo/income-p...
- zone411 6y agoNot saying that you're making it at all but there is a very common error people make when looking at the poverty stats. "The official poverty definition uses money income before taxes and does not include capital gains or noncash benefits (such as public housing, Medicaid, and food stamps)." (https://www.census.gov/topics/income-poverty/poverty/guidance/poverty-measures.html https://www.census.gov/topics/income-poverty/poverty/guidanc...) After these programs, the poverty rate is reduced by 53% (https://www.nber.org/papers/w24567.pdf https://www.nber.org/papers/w24567.pdf)
- refurb 6y agoThis is a good point and something I had heard before! You are correct this is before gov't transfers. I was looking more at the relative change versus arguing the numbers were absolute.
- harimau777 6y agoThanks for posting this! Good to have numbers to discuss! I'm having trouble opening the spreadsheets on my Mac. How do the numbers compare for all races? Do numbers like this factor in things like health insurance or renting versus owning a house?