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"The 99%" is an ultimately meaningless statistic that doesn't describe a real problem or imply a real solution...even in your follow up you acknowledge that "th
by bmmayer1 13y ago
"The 99%" is an ultimately meaningless statistic that doesn't describe a real problem or imply a real solution...even in your follow up you acknowledge that "the 99% of Mexico" is actually the 21% (except not really because < half of median income is not definitionally poverty). So what does "99%" have to do with anything except slacktivism?
- vinceguidry 13y agoI don't think you're quite reading those numbers right. > But from 2004 to 2008 the portion of the population who received less than half of the median income has risen from 17% to 21% and the absolute levels of poverty have risen considerably from 2006 to 2010, with a rise in persons living in extreme or moderate poverty rising from 35 to 46% (52 million persons). 21% receive less than half the median income. That means that 29% receive between half the median and the median, because the median is defined as the level where half the population makes more than and the other half makes less. This is a really ugly distribution. Yet the percentage of people living in extreme or moderate poverty is 46%. Since poverty is defined by income, what that means is that the median income level is somewhere around the moderate poverty level. This also implies that there's a 'light poverty' level whose income level is somewhere north of the median. These two figures add up to a lot of poor people.