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Pg looking at the top 100 people and giving his essay the heading "How People Get Rich Now", makes for a very distorted definition of "rich". How many hundreds
by ttiurani 6y ago
Pg looking at the top 100 people and giving his essay the heading "How People Get Rich Now", makes for a very distorted definition of "rich". How many hundreds of millions or billions does it take to be rich in his eyes?
When argumenting based on statistics, labeling of the graph or text is where the ideology really shines through.
- NovemberWhiskey 6y agoI think the relevant part here is the discussion of the Gini coefficient. There are those who argue that the increase in the Gini coefficient (i.e. increase in inequality of wealth or income distribution) means that the U.S. is diverging from its historical pattern of more equal wealth/income distribution and that this must be addressed. Pg's counterargument is that this is actually mean-reversion, and that the comparanda are actually divergent. This is somewhat important as it goes to the question of whether Gini coefficients tell us what they're relied on for, what a "good number" is, and if we do decide on a good number what the impact of the required policy changes would be.
- lanstin 5y agoMean reversion to human historical norms is something we, I would think, most fervently wake up each morning to work to avoid. We have stuck our heads up out of the muck; on wards and up wards!