2 ms·
That sounds like the claim is "if the income per capita within your household is > $60K, then your household is in the top 1% of all households in income per ca
by perl4ever 6y ago
That sounds like the claim is "if the income per capita within your household is > $60K, then your household is in the top 1% of all households in income per capita".
I think the difference between this convoluted statement and normal measures of inequality could be approximately translated to "most people making > $60K have dependents". It seems like a bad way to talk about inequality, because what goal would it imply to reduce inequality? Prevent people from having dependents, or prevent them from not having dependents?
- yboris 6y agoI think income is a proxy for something like "financial freedom" (which is presumably the eventual goal for why we want higher incomes). Having an income of $60k while having a dependent is very different than when not having a dependent. I seems correct to say that without a dependent, you're in the top 1% of the world's wage earners (with respect to your financial freedom); while if you have a dependent, your income is no longer fully yours - and you are no longer in the top 1% of the world's wage earners.