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Even a 30th percentile US household would be above average globally…?
by MichaelZuo 2y ago
Even a 30th percentile US household would be above average globally…?
- TeMPOraL 2y agoIf only they also had access to goods and services at globally average prices...
- MichaelZuo 2y agoHow does that relate to the phenomena of regression to the mean?
- TeMPOraL 2y agoIn that it's tricky to identify the right mean to measure the regression against.
- MichaelZuo 2y agoIt doesn’t matter which one you pick, there are no known exceptions to the general phenomena. That’s why I said by definition.
- Danmctree 2y agoBy what definition? It's certainly possible that some kind of societal bell curve or other distribution can just keep getting wider without meaningful movement of the relative positions of individuals. I don't understand why you assume the most likely behavior is regression to the mean. Especially on short terms that seems weird to assume
- MichaelZuo 2y agoWho is assuming a short term?
- wesapien 2y agoPunching down is clealrly a sign of things regressing. The Cantillon effect is what separates the rich and those aren't. Trickle down economics doesn't work. Imagine telling those barely middle and poor Americans you're still doing better than Thais or South Africans. It doesn't help.
- MichaelZuo 2y agoHow does this relate to the previous comment? Did you reply to the wrong one?