I've been trying to get that point across. I worked with many people from other lands.
Hot shower in the morning GOOD!
Go to the ShopRite with 50 bucks come out with a lot of food. Go to the Albert Hien with 50 E come out with not a lot of food
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US income inequality at record high
- Thread starter Tony Flow MMMM
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I've been trying to get that point across. I worked with many people from other lands.
Hot shower in the morning GOOD!
Go to the ShopRite with 50 bucks come out with a lot of food. Go to the Albert Hien with 50 E come out with not a lot of food
I was explaining this to my kids, and one of them said: "But the Europeans eat less food."
When you ignore basic analysis then maybe you could have a point. Clearly there is a trend for most wealthier nations to be more equal. There is also more clustering on the more equal side of the USA, so the weight is shifted there. If you were to plot a trendline, you would see that the USA would be way off the unequal direction. The graph may have been better represented had the axes been reversed.
This is yet another example if you completely misinterpreting something (purposefully, I'm almost certain) to fit your argument/viewpoint.
Thanks for the chance to clear that up.
Here's some more interesting meat to chew on:
The X-axis is Gini coefficient, a measure of income inequality. Countries on the right are less equal than ones on the left.
The Y-axis is PPP-adjusted GDP per capita, i.e. "US $ value of the number of loaves of bread the average person can buy" (PPP is good because it gets around the "different countries have different costs of living" factor).
Posted without comment so as to stimulate discussion.
Solutions to problems are good things. It seems that that problem as stated by a few is the "unequal" distribution of wealth in the US. The don't like being at the bottom.
Looking at this graph we could send them to a more equal distributor, such as Albania or India. Give them 10 grand a year. Which would allow them to be rich. And the US would end up with much more equal distribution of wealth.
This is Win Win for all. The poor would be rich!
Looking from my phone, that may be DC? Not surprising NY has the most inequality of US states, fat cats and all.
And that's true. Next time you go to Paris notice how thin many of the people are. They ones who aren't American.
It's my understanding that the average human weighs a bout 140 pounds. Next time you go the Stuckys take a look around and see what you see.
We have the left, we have the right we have the center.
Anyone else care to weigh in on this hot topic?
Clear it up once and for all!
It is quite sobering to see that India, which had a legalized oppressive caste system that still lingers to this day has more economic equality than the free market USA.
Thanks for the chance to clear that up.
Delaware, or Dupontaware as we call it in the US has a high concentration of scientists working at Dupont which uses this talent to make money to pay them high salaries.
And everyone is happy!
It starts there because no country has perfect equality. This is something a lot of us have argued in this thread - that being, we don't want things perfectly equal, but we can make things more equal than they currently are, raise the overall wealth of all our citizens, stabilize the economy, and not destroy our country or drive away business. The rhetoric stating the opposite just doesn't hold up when you compare it to the stats (or even to US history).
" Tax avoidance and lobbying
In December 2011, the non-partisan organization Public Campaign criticized DuPont for spending $13.75 million on lobbying and not paying any taxes during 2008–2010, instead getting $72 million in tax rebates, despite making a profit of $2.1 billion, and increasing executive pay by 188% to $27.4 million in 2010 for its top 5 executives."
-wikipedia.org/wiki/DuPont
It's "DE", and as far as I know DC isn't a state
The District of Columbia is its own weird little entity.
I don't think that at anytime is US history people were living as good as they do in recent times. Inequality and all.
I'll stand behind that statement. I don't see many nations with this many divergent people living this high on the hog.
Norway, Luxembourg and Singapore , it's my guess. have a combine population similar to New Jersey. They also tend to homogenous populations.
And you don't want to get caught chewing gum in Singapore.
Since we're getting all wonky, some interesting things that I noticed in the graph:
1. We lazy, self-entitled Americans, are among the most productive workers in the world. (I also looked up non-PPP adjusted GDP to confirm that the same trend applies there as well). My quick and dirty calculation suggests that we produce approximately the same output per dollar of wages as workers in China. In each case, per capita GDP is about twice the median income.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
http://en.wikipedia.org/wiki/List_of_countries_by_per_capita_personal_income
2. Delaware, land of scientists, as mentioned above.
1. We lazy, self-entitled Americans, are among the most productive workers in the world. (I also looked up non-PPP adjusted GDP to confirm that the same trend applies there as well). My quick and dirty calculation suggests that we produce approximately the same output per dollar of wages as workers in China. In each case, per capita GDP is about twice the median income.
http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
http://en.wikipedia.org/wiki/List_of_countries_by_per_capita_personal_income
2. Delaware, land of scientists, as mentioned above.
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