Re:U.S. Income Inequality Hits a New Threshold
by dibujante on Thursday March 01, 2018 @01:58PM
(#16494990)
The previous poster is arguing metrics and the secretary-general is arguing ethics. You can't compare those two. Both statements could be true or false; the truth value of the statements is independent.
Re:U.S. Income Inequality Hits a New Threshold
by refurb on Thursday March 01, 2018 @02:00PM
(#16495016)
There have been several papers that show the US is last in income mobility while having other papers show it's in the top 3. Suffice to say there is no consensus.
Also, measuring mobility by income quintiles is challenging as quintiles aren't the same across countries. You could move from 1st to 4th income quintile in one country and have a higher wage than some moving from 1st to 5th in another country.
Re:U.S. Income Inequality Hits a New Threshold
by jeffreyrogers on Thursday March 01, 2018 @01:53PM
(#16494940)
Yeah, I'm not disputing that. I was saying the statistics (in the Bloomberg article) don't support that argument.
“We have reached a tipping point. Inequality can no longer be treated as an afterthought. We need to focus the debate on how the benefits of growth are distributed. Our report ‘In it Together’ and our work on inclusive growth have clearly shown that there doesn’t have to be a trade-off between growth and equality. On the contrary, the opening up of opportunity can spur stronger economic performance and improve living standards across the board!” OECD Secretary-General
http://www.oecd.org/social/inequality.htm
Hmm, I wonder ;-)
edit: We know that the USA ranks lower than almost every other OECD country in terms of social mobility, see pages 4 and 5 of this slide deck: https://www.oecd.org/eco/growth/NERO-22-June-2015-income-ine...