5 ms·

The graph is misleading because it misleads the reader into believing that college grads and non-college grads made the same real wage in 2007, disguising the f

The graph is misleading because it misleads the reader into believing that college grads and non-college grads made the same real wage in 2007, disguising the fact that there was a substantial gap between their wages at 2007. The fact that both wages fall a similiar percentage relative to 2007 only tells us that the gap between both wage classes remained the same, in effect telling us nothing. There are entire classes of misleading graphs that are misleading despite being technically, literally, valid. Your snark is not helping.

cinquemb 13y ago
Telling us nothing, or you nothing? Let's have an example… x = 60,000, y = 30,000 with difference, d = 30,000 >the fact that both wages fall a similar percentage relative Let's pick some random rate and apply it to both, r = %10. Now what decreased more: %10 of x or %10 of y? >the gap between both wage classes remained the same Really? Do the math, and d is now = 27,000. I'm sure such math helps BoA in its positions in the private student loan market (and beyond) in such an environment. Let's not pretend that my snark stands in the way of your understanding, clearly you had that going for you anyways…
- argonaut 13y ago
  I won't respond to this more than I already have. It's pretty clear you're reading too much into it emotionally.
  - cinquemb 13y ago
    Haha yes, this has been pretty amusing to answer tangential nitpicking with basic arithmetic.
    - seanmcdirmid 13y ago
      The discussion was about intellectual honesty, not math.
mikeyouse 13y ago
His obstinance aside, here is a better graph of the value of college diplomas: http://i.imgur.com/s3GqHl2.png http://i.imgur.com/s3GqHl2.png
auctiontheory 13y ago
The fact that both wages fall a similiar percentage relative to 2007 only tells us that the gap between both wage classes remained the same Well, no. In dollar terms, the gap would have become smaller.

cinquemb 13y ago

Telling us nothing, or you nothing? Let's have an example… x = 60,000, y = 30,000 with difference, d = 30,000 >the fact that both wages fall a similar percentage relative Let's pick some random rate and apply it to both, r = %10. Now what decreased more: %10 of x or %10 of y? >the gap between both wage classes remained the same Really? Do the math, and d is now = 27,000. I'm sure such math helps BoA in its positions in the private student loan market (and beyond) in such an environment. Let's not pretend that my snark stands in the way of your understanding, clearly you had that going for you anyways…

argonaut 13y ago
I won't respond to this more than I already have. It's pretty clear you're reading too much into it emotionally.
- cinquemb 13y ago
  Haha yes, this has been pretty amusing to answer tangential nitpicking with basic arithmetic.
  - seanmcdirmid 13y ago
    The discussion was about intellectual honesty, not math.

mikeyouse 13y ago

His obstinance aside, here is a better graph of the value of college diplomas: http://i.imgur.com/s3GqHl2.png http://i.imgur.com/s3GqHl2.png

auctiontheory 13y ago

The fact that both wages fall a similiar percentage relative to 2007 only tells us that the gap between both wage classes remained the same Well, no. In dollar terms, the gap would have become smaller.