Share of Income gains by quintile - Great Depression Until Now
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Share of Income gains by quintile - Great Depression Until Now
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: Share of Income gains by quintile - Great Depression Until Now
Great infographic Storm.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: Share of Income gains by quintile - Great Depression Until Now
Thanks, Storm.
In a way, doesn't the chart prove the law of averages? Since the top fifth performs the worst during 1947-79 (32 years), then it is natural for the top fifth to perform the best during 1980-Now (31 years if Now is 2011) and vice versa for the other groups?
In a way, doesn't the chart prove the law of averages? Since the top fifth performs the worst during 1947-79 (32 years), then it is natural for the top fifth to perform the best during 1980-Now (31 years if Now is 2011) and vice versa for the other groups?
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Re: Share of Income gains by quintile - Great Depression Until Now
Where did this chart come from?
Re: Share of Income gains by quintile - Great Depression Until Now
It's from the NY Times
"I came here for financial advice, but I've ended up with a bunch of shave soaps and apparently am about to start eating sardines. Not that I'm complaining, of course." -ZedThou
Re: Share of Income gains by quintile - Great Depression Until Now
This video clip gives a clear message about this stuff.
http://michael-hudson.com/2011/09/hudso ... iberalism/
http://michael-hudson.com/2011/09/hudso ... iberalism/
"Good judgment comes from experience. Experience comes from bad judgment." - Mulla Nasrudin
Re: Share of Income gains by quintile - Great Depression Until Now
Shouldn't we be giving credit to the sources that we post on here to avoid copyright infringement laws as well as to allow us to consider whether the creator of the data might be biased?