How to Distort Income Inequality
Posted: Wed Nov 26, 2014 1:45 pm
The result is dramatic. The bottom quintile of Americans experienced a 31% increase in income from 1979 to 2007 instead of a 33% decline that is found using a Piketty-Saez market-income measure alone. The income of the second quintile, often referred to as the working class, rose by 32%, not 0.7%. The income of the middle quintile, America’s middle class, increased by 37%, not 2.2%.
http://www.ruthfullyyours.com/2014/11/1 ... ael-solon/
http://www.ruthfullyyours.com/2014/11/1 ... ael-solon/