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Re:One pollster’s explanation for why the polls got it wrong by x87678r on Tuesday November 10, 2020 @03:15PM (#25051260)
I think no one really knows what the different parties represent any more. Most people I know voted Republican were low-wage working people, where my highly paid educated friends voted Democrat. Isn't it supposed to be other way around? No wonder everyone is confused.
Re:One pollster’s explanation for why the polls got it wrong by throwaway38153 on Tuesday November 10, 2020 @04:20PM (#25052088)
The current arrangement is high and low vs the middle, or HLvM for short.

The left is composed of two factions, not one. The left is the high within society aligned with the low in society to destroy the middle in society. [1]

When the power of the upper class is not secure, or somehow threatened by a middle class, the upper class forms an alliance with the lower classes. Today, you see the highly capitalized media powers (like Big Tech and primary media corporations) and other "woke" corporations forming an "alliance of the fringes" with historically marginalized groups, against the more traditionalist middle class. In the past, Kings would form an alliance with peasants to fend off nobles.

Bertrand de Jouvenel described this dynamic early in the 20th century, but it's a common refrain throughout history.

Neoabsolutism is a modern framework for understanding this dynamic.

[1] https://neoabsolutism.wordpress.com/2017/07/03/high-low-vers...

Re:One pollster’s explanation for why the polls got it wrong by PeterisP on Tuesday November 10, 2020 @05:15PM (#25052766)
It's quite interesting that I see the same things but opposite conclusions - to me, the "high and low vs the middle" aspect makes sense, but it obviously refers to the Republican party, lead by the interests of the wealthy elite on the backs of votes from lower class rural people and blue collar workers (predominantly the white workers, but as these elections showed, also black working men) against the middle class such as the college-educated skilled workers who range from people with income like teachers and to those who are well off but have no chance to get into the wealthy (0.1% not 1%) class ever.
Re:One pollster’s explanation for why the polls got it wrong by AnimalMuppet on Tuesday November 10, 2020 @06:22PM (#25053466)
Interesting. What if you're both right? What if both parties are trying to use HLvM, and nobody represents the middle?
Re:One pollster’s explanation for why the polls got it wrong by free_rms on Tuesday November 10, 2020 @06:34PM (#25053582)
And when you consider that concessions to the lower class by both parties are entirely cultural, linguistic and non-material..
Re:One pollster’s explanation for why the polls got it wrong by PeterisP on Tuesday November 10, 2020 @07:02PM (#25053837)
Yes, that's true, and because of that the lower class systematically vote for parties and policies that harm lower class to benefit the wealthy.

Actually, this - class consciousness / false consciousness; the understanding (or lack of it) of the role and interests of the class you're in - was one of key concepts of Marx writings, too bad that this association currently makes many people automatically discard these ideas even if they actually are quite relevant to their interests.

Re:One pollster’s explanation for why the polls got it wrong by AnimalMuppet on Tuesday November 10, 2020 @07:49PM (#25054253)
Marx's problem was that he thought of everything in terms of class. If I'm poor, and I know I'm poor, but I also think about something other than class when making political decisions (no matter what that "something" is), then I have "false consciousness". That is, if I don't think about this totally the way Marx says, I'm stupid. Nice.

If you think about your life that one-dimensionally, you're poor in a way that Marxism can't fix.

Re:One pollster’s explanation for why the polls got it wrong by ChomskyNormal4m on Wednesday November 11, 2020 @12:09AM (#25055677)
999 times out of 1000 if I ask a working class American to explain Marx's concept of surplus labor time, they would have no idea of what I was talking about. That is false consciousness.

You're talking as if they rejected the idea. They don't even know what the idea is.

A sizable amount of working class Americans have no idea that people die. They have no idea that their grandparents died. They have been to wakes and have seen the corpse of their grandparents or whomever, but when I talk to them they say their grandparents are elsewhere and enjoying themselves. They do not mean this metaphorically, or that they live on via children or their works or memories. They have no concept that these people are not around any more, permanently. They go to churches where a man stands in front and says this, I guess they believe him. This would be part of false consciousness, although not a needed component of them. They are as ignorant of death as they are of their economic exploitation. They are ignorant and uneducated. If you want to call them stupid as you do, that's your right.

Re:One pollster’s explanation for why the polls got it wrong by AnimalMuppet on Wednesday November 11, 2020 @03:02PM (#25062327)
It's false consciousness if they don't know what Marx's concept of surplus labor time is? Riiiiight...

The working class is inconsistent with your model of them. It's your model that's wrong, not the working class.

Re:One pollster’s explanation for why the polls got it wrong by Damorian on Tuesday November 10, 2020 @04:59PM (#25052578)
Piggybacking onto this, since it looks like something the hivemind may disagree with and isn't sourced in your link, breaking down by family income, between $30,000-$150,000 is majority lean rep, outside those bounds is majority lean dem. https://www.pewresearch.org/politics/2016/09/13/2016-party-i...
Re:One pollster’s explanation for why the polls got it wrong by ultramundane8 on Wednesday November 11, 2020 @01:05AM (#25055920)
I've been over these stats 4 times and reread the parent comment and its post but still have no clue how one is supposed to tie to the other.

I think the point I'm having difficulty with is the thin majorities in the study. Does the study say much? Or did pew do a study and publish its research just because...well...that's what it does?

If that puts me in some hivemind, so be it.

Re:One pollster’s explanation for why the polls got it wrong by ALittleLight on Tuesday November 10, 2020 @04:56PM (#25052531)
I'm always finding commonality between Roman history and current events (perhaps because Roman history is the only history I read). For example, last night I was reading one of Cicero's speeches against Catiline, and in the preface for the speech the modern author giving context writes:

"To these men and his other supporters, Catiline offered the policy they longed for - cancellation of debts. It was precisely the policy to win him the support of the desperate from all ranks of society - and one that no respectable politician was prepared to offer"

Catiline has supporters both from the upper classes, where they had borrowed too much money and fallen into debt, and from the lower classes where they didn't have enough money in the first place, as well as dispossessed former soldiers.

It makes me think of some left contingents today where they are supported alike by upper-middle class children who have become burdened by inescapable student loan debt and lower class people who were just always burdened by poverty.

Re:One pollster’s explanation for why the polls got it wrong by isabelc on Tuesday November 10, 2020 @08:02PM (#25054341)
>Most people I know voted Republican were low-wage working people

Because Republicans put more money back in the pockets of low wage workers with kids. Most people don't have the luxury of voting along idealistic lines, they vote based on finances out of necessity.

Low-wage workers with children were those most hurt by the Obama's ACA Mandate penalty tax, piled on top of not being able to afford health insurance. Republicans removed that ACA penalty plus doubled the child tax credit. People who afford health insurance are out of touch with this segment of people.

Re:One pollster’s explanation for why the polls got it wrong by meroes on Tuesday November 10, 2020 @10:27PM (#25055192)
At least we got something useful out of the ACA rather than just tax cuts for the wealthy and political points.

"All taxpayer income groups with incomes of $75,000 and under — that’s about 65 percent of taxpayers — will face a higher tax rate in 2027 than in 2019."

"People with incomes between $10,000 and $30,000 — nearly one-quarter of Americans — are among those scheduled to pay a higher average tax rate in 2021 than in years before the tax “cut” was passed. The C.B.O. and Joint Committee estimated that those with an income of $20,000 to $30,000 would owe an extra $365 next year "

Tax Cuts and Jobs Act of 2017

https://www.nytimes.com/2020/10/31/opinion/republicans-biden...

It's a NYT Opinion piece by a Nobel recipient.

Re:One pollster’s explanation for why the polls got it wrong by dodobirdlord on Wednesday November 11, 2020 @01:28AM (#25056011)
Isn't it a core Republican talking point that the Democrats secure support from low-wage people with generous handouts? This seems like another example of the OPs point about the world being upside down.
Re:One pollster’s explanation for why the polls got it wrong by tick_tock_tick on Wednesday November 11, 2020 @04:47AM (#25056996)
"Handouts" are viewed very differently then taxes by the general public. One is the government giving out free stuff the other is them taking YOUR money.
Re:One pollster’s explanation for why the polls got it wrong by dodobirdlord on Wednesday November 11, 2020 @09:27PM (#25065742)
Low wage workers are pretty much guaranteed to be net-negative tax contributors. Their tax refund each year is going to be larger than what they cumulatively paid due to refundable tax credits. “Lowering taxes” for people in that position is the same as handing out money.
Re:One pollster’s explanation for why the polls got it wrong by y-c-o-m-b on Tuesday November 10, 2020 @05:25PM (#25052897)
I think exit polls (https://www.nytimes.com/interactive/2020/11/03/us/elections/...) - which again could be wildly inaccurate especially due to their small size - showed people making over 6 figures were mostly voting for Trump.
Re:One pollster’s explanation for why the polls got it wrong by x87678r on Tuesday November 10, 2020 @05:47PM (#25053124)
yup looks like I'm wrong.
Re:One pollster’s explanation for why the polls got it wrong by watwut on Tuesday November 10, 2020 @03:25PM (#25051416)
Statistically it seems that he did well in higher paid groups. But also, he did better among people without college degree and badly among young with college degree.

So in some ways your acquitances are not that odd. Voters cluster, they are not randomly distributed.

Re:One pollster’s explanation for why the polls got it wrong by Dirlewanger on Tuesday November 10, 2020 @03:36PM (#25051555)
It's a multi-faceted reason as to why this is, but the most recent phenomenon I think has most to do with it: voting one way simply to piss off the other side.
Re:One pollster’s explanation for why the polls got it wrong by smabie on Tuesday November 10, 2020 @03:21PM (#25051339)
anecdotally, knowing some very rich people, they mostly voted for trump in 2016. Pretty much every single one voted for Biden or declined to vote this year.

I voted for myself and have been getting a lot of shit for it for some reason.

Re:One pollster’s explanation for why the polls got it wrong by rkuykendall-com on Wednesday November 11, 2020 @01:04PM (#25060915)
I respect voting for yourself over voting third party. If you're going to vote for someone who can't win, at least make it the person you agree with the most.
Re:One pollster’s explanation for why the polls got it wrong by jojobas on Tuesday November 10, 2020 @06:27PM (#25053512)
Very rich people can pretty much be ignored as there are under 1% of them anywhere you look.
Re:One pollster’s explanation for why the polls got it wrong by smabie on Tuesday November 10, 2020 @06:41PM (#25053631)
You can say that about a lot of interest groups
Re:One pollster’s explanation for why the polls got it wrong by jojobas on Tuesday November 10, 2020 @07:12PM (#25053922)
And you'll be right, unless all these SIGs are somehow similarly aligned.
Re:One pollster’s explanation for why the polls got it wrong by username90 on Tuesday November 10, 2020 @09:11PM (#25054807)
Perhaps you made the same mistake as pollsters and your friends voted for Trump and just don't want to admit it?
Re:One pollster’s explanation for why the polls got it wrong by TechBro8615 on Tuesday November 10, 2020 @03:19PM (#25051307)
It’s pretty obvious from election maps and donor data that the democrats are now the party of coastal/urban elites, despite what they may advertise.
Re:One pollster’s explanation for why the polls got it wrong by tshaddox on Tuesday November 10, 2020 @03:56PM (#25051791)
What does "coastal/urban elites" mean? Just anyone who lives in a coastal or urban area? 80% of the American population lives in urban areas, and that's only going to increase when you include whatever your definition of "coastal" is. Where does the "elite" factor in?
Re:One pollster’s explanation for why the polls got it wrong by orangecat on Tuesday November 10, 2020 @04:13PM (#25052004)
Where does the "elite" factor in?

As a rough approximation, almost everyone in your social circles having a college degree.

Re:One pollster’s explanation for why the polls got it wrong by Retric on Tuesday November 10, 2020 @04:30PM (#25052235)
Except that’s really not what the statistics show. Republicans gain a majority of support from high school graduates, individuals with some college experience, and college graduates. People without a high school degree or with a post graduate degree favor Democrats.

An individual’s likelihood of being a Democrat decreases with every additional dollar he or she earns. Democrats have a huge advantage (63 percent) with voters earning less than $15,000 per year. This advantage carries forward for individuals earning up to $50,000 per year, and then turns in the Republicans’ favor — with just 36 percent of individuals earning more than $200,000 per year supporting Democrats.

https://www.debt.org/faqs/americans-in-debt/economic-demogra...

Re:One pollster’s explanation for why the polls got it wrong by jeffbee on Tuesday November 10, 2020 @09:15PM (#25054830)
None of those statements is consistent with the Pew Research data on partisan identification among the electorate. E.g. https://docs.google.com/spreadsheets/d/1v58Nt6SW832ZUq7xLI6N... for 2019 demographic breakdowns.
Re:One pollster’s explanation for why the polls got it wrong by Retric on Tuesday November 10, 2020 @09:55PM (#25055047)
Partisan identification is very different from voting. That has 29% of the population Republican and 34% independent which is wildly outside how people actually vote.

A large slice of voters self identify as independent, but their voting habits don’t match that self identification. It’s that classic independent streak myth so popular among Americans.

Re:One pollster’s explanation for why the polls got it wrong by ttesttom on Wednesday November 11, 2020 @12:30AM (#25055756)
This is inaccurate based on latest elections. There isn't full data for 2020 but in 2016 college educated voted Dem +9.

"In the 2016 election, a wide gap in presidential preferences emerged between those with and without a college degree. College graduates backed Clinton by a 9-point margin (52%-43%), while those without a college degree backed Trump 52%-44%. This is by far the widest gap in support among college graduates and non-college graduates in exit polls dating back to 1980."

https://www.pewresearch.org/fact-tank/2016/11/09/behind-trum...

Re:One pollster’s explanation for why the polls got it wrong by Retric on Wednesday November 11, 2020 @06:58AM (#25057622)
Trump had unusual support among the uneducated and a strong dislike among the educated. Presumably from his long run on TV. Here are some more typical results.

https://www.nytimes.com/elections/2012/results/president/exi...

  No college degree Obama: 51%
  Some college Obama: 49%. 
  College Romney: 51%
  Postgrad. Obama: 55%
Though this varies by election with the numbers moving a little based on who wins. Obama had a large popular vote lead which flipped the some collage group.

PS: Split tickets in 2020 are another indicator of more topical voting behavior.

Re:One pollster’s explanation for why the polls got it wrong by pasttense01 on Wednesday November 11, 2020 @01:07AM (#25055935)
On the other hand from that source white college graduates backed Trump by a 4 point margin.
Re:One pollster’s explanation for why the polls got it wrong by tshaddox on Tuesday November 10, 2020 @04:37PM (#25052315)
A college degree sounds like a laughably low bar for being considered "elite." 27% of American adults have college degrees. In a state like Missouri which is presumably not considered a particularly liberal or Democratic or "elite" state, over 50% of adults have college degrees.
Re:One pollster’s explanation for why the polls got it wrong by orangecat on Tuesday November 10, 2020 @06:30PM (#25053539)
From https://en.wikipedia.org/wiki/List_of_U.S._states_and_territ... I see 31% for the US and 28% for Missouri. Regardless, the key point is "almost everyone in your social circle".
Re:One pollster’s explanation for why the polls got it wrong by tshaddox on Tuesday November 10, 2020 @08:47PM (#25054674)
Oops, not sure where I found that Missouri figure, but it looks like you're right. Still, one quarter to one third of the population doesn't fit what I would remotely consider to be "elite." And why is "almost everyone in your social circle" relevant? I don't think people generally use the word "elite" to refer to the ability to make friends from among a specific third of the national population.
Re:One pollster’s explanation for why the polls got it wrong by orangecat on Tuesday November 10, 2020 @10:13PM (#25055123)
Still, one quarter to one third of the population doesn't fit what I would remotely consider to be "elite." And why is "almost everyone in your social circle" relevant?

It's one thing if you have a college degree and half of your acquaintances don't. It's another if you rarely have meaningful interactions with anyone who doesn't; in that case you're in a subculture that has very different experiences than the average American.

Re:One pollster’s explanation for why the polls got it wrong by tshaddox on Tuesday November 10, 2020 @11:44PM (#25055563)
Okay, I’m on board with “very different experiences than the average American,” but that’s not what “elite” means.
Re:One pollster’s explanation for why the polls got it wrong by free_rms on Tuesday November 10, 2020 @06:37PM (#25053606)
Another key point is that 31 and 28 are well short of 51.

What's the plan to get there?

Re:One pollster’s explanation for why the polls got it wrong by dragonwriter on Tuesday November 10, 2020 @03:37PM (#25051565)
> It’s pretty obvious from election maps and donor data that the democrats are now the party of coastal/urban elites

Urban populations, sure. Not particularly coastal aside from the fact that there's more urban population on the coasts, as county-level maps show pretty clearly.

“Elites” are more dubious. Sure, Democrats and Republicans (counting leaners) are closer to parity for voters with less than a college degree, with college grads and even moreso postgraduate degree holders strongly favoring Democrats.

OTOH, Blacks, who are overwhelming not elites, overwhelming are (and even more overwhelming lean) Democratic, and the same is true predominantly (though less overwhelmingly) of Hispanics.

So, yes, to the urban part, not particularly independently true of the “elite” or “coastal” part.

Re:One pollster’s explanation for why the polls got it wrong by vorpalhex on Tuesday November 10, 2020 @04:09PM (#25051943)
> OTOH, Blacks, who are overwhelming not elites, overwhelming are (and even more overwhelming lean) Democratic, and the same is true predominantly (though less overwhelmingly) of Hispanics.

I think that's actually the rub. Blacks and Hispanics are voting less and less for Democrats, and that is true more for this last election than 2016 [1]

Despite the very visible rhetoric of racial equality and other movements, the Dems are becoming the party of rich white people.

[1] - https://news.yahoo.com/exit-poll-black-men-drifted-204522278...

Re:One pollster’s explanation for why the polls got it wrong by gamblor956 on Tuesday November 10, 2020 @04:31PM (#25052245)
Same data shows that Black and Latina women voted for Democrats at historically high rates, as did Asians. And Black and Latino men outside of conservative states.
Re:One pollster’s explanation for why the polls got it wrong by dragonwriter on Tuesday November 10, 2020 @04:22PM (#25052125)
> I think that's actually the rub. Blacks and Hispanics are voting less and less for Democrats, and that is true more for this last election than 2016

Clinton won greater than 90% of the black vote in 2016, as did House Democrats in 2018; there's indications that Biden did a little worse this year. specifically among black men.

> the Dems are becoming the party of rich white people.

Good verified voter data for 2020 will take a while, but in 2016 Trump won 55-39 among whites with over $150K income; the Republicans (while they have support elsewhere, as well) are very much the party of rich white people. Meanwhile, even if they've lost some ground with some of these groups compared to some point in the past, Democrats remain heavily favored, nationally, by blacks, asians, and hispanics.

Re:One pollster’s explanation for why the polls got it wrong by vorpalhex on Tuesday November 10, 2020 @04:49PM (#25052458)
> Good verified voter data for 2020 will take a while

Agreed and my above source is (probably) using exit poll data, which we should be a bit suspicious about. This is early and it's going to take a few weeks to get and unpack data.

> in 2016 Trump won 55-39 among whites with over $150K income;

And he seems to have taken losses there in 2020

> even if they've lost some ground with some of these groups compared to some point in the past, Democrats remain heavily favored, nationally, by blacks, asians, and hispanics.

I was reading an analysis today that suggested Dems may continue to lose these groups - and they will be losing them to the Republicans ( [2] but note the source and that's it opinion and give the appropriate grain of salt). Given how uncomfortably close 2020 has been for the Dems, I would not rest on my laurels and assume we'll just continue to come out ahead in these groups.

It's starting to seem like there is something the Republicans are selling that are picking up these groups, and the Dems are failing to hold onto them despite their messaging.

[2] - https://www.washingtonexaminer.com/opinion/what-if-americas-...

Re:One pollster’s explanation for why the polls got it wrong by dragonwriter on Tuesday November 10, 2020 @05:17PM (#25052793)
> my above source is (probably) using exit poll data, which we should be a bit suspicious about.

Normally, exit polling aren't too problematic, but exit polls in this election when "vote in person" vs. "vote by mail" has been a matter itself of intense partisan division, well... There's a fairly obvious built-in bias compared to the electorate at large.

> I was reading an analysis today that suggested Dems may continue to lose these groups - and they will be losing them to the Republicans ( [2] but note the source and that's it opinion and give the appropriate grain of salt). Given how uncomfortably close 2020 has been for the Dems, I would not rest on my laurels and assume we'll just continue to come out ahead in these groups.

I'm not sure there is a grain of salt large enough for "analysis" from the Editor-in-Chief of the Washington Examiner which rests on no apparent actual data. That said, I think complacency is never good, and I think the Democratic Party should be active asking how it can serve all kind of communities better, including black, hispanic, and other racial/ethnic minorities (and the working class generally, and...)

But there's a difference between that and believing that there is clear (or even strongly suggestive) evidence of a particular problem with certain particular communities (I think there is, but more with the working class than race/ethnic minorities, right now; but I think that means we need greater additional effort in the "working class" area, not an absence of it in the others.)

Re:One pollster’s explanation for why the polls got it wrong by nl on Tuesday November 10, 2020 @06:36PM (#25053592)
With the Hispanic vote there are two things happening:

Firstly "Hispanics" is way too diverse a demographic to ever vote as a block. Cuban Hispanics in Miami vote very differently to people of Mexican extraction in California. That in itself will cause some variation election-to-election.

Secondly, and specific to this election: Republicans were very effective in their door-to-door registration and get-out-the-vote campaigns in "new voter" Hispanic communities in Florida and Texas. The Democratic party avoided this because of COVID-19 and it cost them badly.

Re:One pollster’s explanation for why the polls got it wrong by tshaddox on Tuesday November 10, 2020 @03:58PM (#25051809)
What are we calling "urban" here? More than 80% of Americans live in urban areas. Are we using a circular definition of "urban" that means "big cities with a large Democrat majority"?
Re:One pollster’s explanation for why the polls got it wrong by dragonwriter on Tuesday November 10, 2020 @04:14PM (#25052015)
> What are we calling "urban" here? More than 80% of Americans live in urban areas.

By the census definitions, which don't separate out suburban as a separate category, but encompass what would normally be thought of that way as part of urban. If you look at the urban core counties in the Pew list below and a by-county election map of the US, there's a pretty close correlation, visually at least.

https://www.pewsocialtrends.org/2020/07/29/prior-to-covid-19...

Re:One pollster’s explanation for why the polls got it wrong by webmaven on Tuesday November 10, 2020 @04:11PM (#25051971)
> What are we calling "urban" here? More than 80% of Americans live in urban areas. Are we using a circular definition of "urban" that means "big cities with a large Democrat majority"?

Urban mostly means "denser than suburban tracts of single-family homes".

Re:One pollster’s explanation for why the polls got it wrong by paulryanrogers on Tuesday November 10, 2020 @03:24PM (#25051400)
This discounts tens of millions of Democrats living inland who are obscured by maps depending on the electoral college.

It seems to me the pattern is that where population density increases the people tend to be more politically leftward-leaning.

Re:One pollster’s explanation for why the polls got it wrong by ttesttom on Wednesday November 11, 2020 @12:48AM (#25055850)
There was an interesting chart from the economist today about that, which showed a strong correlation. The denser the area the more democratic.

https://twitter.com/gelliottmorris/status/132625098113116979...

Re:One pollster’s explanation for why the polls got it wrong by triceratops on Tuesday November 10, 2020 @03:29PM (#25051460)
You're saying the majority of voters this year were elite? That's a whole lotta elites...kinda waters down the definition no?
Re:One pollster’s explanation for why the polls got it wrong by TheCoelacanth on Tuesday November 10, 2020 @04:29PM (#25052217)
Please. A college degree and living in a big city does not make someone "elite". Actual elites skew strongly Republican.
Re:One pollster’s explanation for why the polls got it wrong by watwut on Tuesday November 10, 2020 @03:27PM (#25051437)
Majority of Americans lives on the coast and in cities. They can't be all elite.
Re:One pollster’s explanation for why the polls got it wrong by kaitai on Tuesday November 10, 2020 @04:29PM (#25052224)
I disagree with both you and the poster who talks about the high & low against the middle, though less with the other poster.

I'm from flyover country, one of those three states that went Biden this year surrounded by a sea of red. You know, one of the three states that elected half the members of 'the squad'. Sure, California rich people can throw in a lot of money, but that's true for both Republican and Democratic parties. Don't dismiss our importance in the Democratic party. We turn up & do the work, including the work of talking with our 'red' neighbors and actually trying to work things out in this country.

As for high & low vs middle, it just doesn't make sense to me. Lots of rich people supporting the Republicans -- lots, lots, lots. Lots of rich people supporting the Dems. Poor people split by race and geography. Middle class people split by race and geography. The split by geography and race is more significant than the split by income, in almost every presentation of data that I see.

Re:One pollster’s explanation for why the polls got it wrong by wcarron on Tuesday November 10, 2020 @08:43PM (#25054646)
Oh yeah, all those "coastal/urban elites" from New Mexico, Arizona, and Minnesota.
Re:One pollster’s explanation for why the polls got it wrong by bryanlarsen on Tuesday November 10, 2020 @03:22PM (#25051370)
People 2020 said that in 2016, yet the average income of Trump voters was higher than Clinton voters. It'll be interesting to see if that changes in 2020.

Although there is something to what you say; the income gap between Republican and Democratic voters did narrow substantially in 2016.

Re:One pollster’s explanation for why the polls got it wrong by vlovich123 on Tuesday November 10, 2020 @03:40PM (#25051614)
If the 1% class leans strongly right wing, the average income doesn’t really tell you much about the highly paid middle class (or even “lower paid” upper class) as incomes are not normally distributed & you’ve got significant skew (1 billion will make more difference on the mean than $0).
Re:One pollster’s explanation for why the polls got it wrong by vlovich123 on Tuesday November 10, 2020 @06:14PM (#25053384)
Not sure why I'm being downvoted. Look at dragonwriter's post where he explains more clearly why averages are meaningless in this discussion.
Re:One pollster’s explanation for why the polls got it wrong by dragonwriter on Tuesday November 10, 2020 @03:52PM (#25051749)
> People 2020 said that in 2016, yet the average income of Trump voters was higher than Clinton voters.

One person with $100 million income has a higher average income than 999 people with a $100K annual income.

Averages aren't particularly useful here.

Re:One pollster’s explanation for why the polls got it wrong by bryanlarsen on Tuesday November 10, 2020 @03:59PM (#25051828)
There aren't many people with $100 million income. Most billionaires don't have income that high -- there is a much higher wealth disparity than there is income disparity.

So while I'd rather the media reported the median income than the median income, it's the number we have and hopefully it's a useful approximation.

Re:One pollster’s explanation for why the polls got it wrong by dragonwriter on Tuesday November 10, 2020 @04:09PM (#25051941)
> There aren't many people with $100 million income

Sure, but there's also a couple with over an order of magnitude more.

> So while I'd rather the media reported the median income than the median income, it's the number we have and hopefully it's a useful approximation.

It's not a useful approximation of anything, and we have a lot more detailed information that “average income of voters of one side vs. the other" on the relationship between income and voting / party preference. And it tells a more complicated story (e.g., in 2016, Clinton won significantly among those with income of $150K+ and under $30K, was nearly even among those with $100-150K and $50-75K, lost significantly among those with $74-100K and $30-50K.)

https://www.pewresearch.org/fact-tank/2020/10/30/a-voter-dat...

Re:One pollster’s explanation for why the polls got it wrong by masonic on Tuesday November 10, 2020 @11:35PM (#25055517)

  Sure, but there's also a couple with over an order of magnitude more.
Who has an income of more than $1 billion a year?
Re:One pollster’s explanation for why the polls got it wrong by amanaplanacanal on Wednesday November 11, 2020 @06:09AM (#25057379)
There are people whose wealth on paper grow that much. Maybe they are counting that as income?
Re:One pollster’s explanation for why the polls got it wrong by throwaway32849 on Tuesday November 10, 2020 @05:00PM (#25052588)
> Most people I know voted Republican were low-wage working people, where my highly paid educated friends voted Democrat

Biden actively courted high-earning, educated voters with his free college and student loan forgiveness policies, which amount to a wealth transfer to people who already have higher lifetime average earnings and are at a competitive advantage in the employment marketplace. Not very progressive:

https://www.nytimes.com/2018/11/18/opinion/student-debt-forg...

He also pledged to fund it by raising corporate income taxes, which will reduce the profitability (and therefore, the value) of all publicly traded companies in the US, which means anyone with a 401(k) or IRA will indirectly be paying for this, even if they don't have student loan debt or a college degree at all.

Re:One pollster’s explanation for why the polls got it wrong by throwaway32849 on Tuesday November 10, 2020 @05:46PM (#25053113)
I'm not sure why this was downvoted. The degree divide is growing as an electorate bifurcator, with the GOP fast becoming the party of the college-less:

> https://www.csmonitor.com/USA/Politics/2020/1027/As-college-...

And as I pointed out, it's not solely for the reasons college-educated progressives are eager to suggest ("ignorant, uneducated people vote republican"). Student loan forgiveness is a flatly a regressive policy, amounting to a handout to people who are already economically advantaged.

> https://www.cnbc.com/2020/11/09/student-loan-forgiveness-cou...

> Biden laid out a narrower plan, saying he would forgive $10,000 in student debt for all borrowers, and the rest of the debt for those who attended public colleges or historically Black colleges and universities and earn less than $125,000 a year.

Imagine being a non-college educated voter earning $60-70k a year, and reading that people earning upto $125k a year will get a handout.

Re:One pollster’s explanation for why the polls got it wrong by nl on Tuesday November 10, 2020 @06:47PM (#25053678)
While it's true that the average salary of people who complete a college degree is higher than those who don't there are large numbers who don't complete the degree (which ends up with little salary benefit), or who do degrees that don't provide great salary outcomes[1]

[1] https://www.bls.gov/careeroutlook/2020/data-on-display/educa... - note the associate degree and "some college" levels.

> He also pledged to fund it by raising corporate income taxes, which will reduce the profitability (and therefore, the value) of all publicly traded companies in the US, which means anyone with a 401(k) or IRA will indirectly be paying for this,

That's not how it works. The stockmarket is a comparative market where higher profitability compared to other companies is what affects stock price. This means tax increases to all companies don't drop stock prices.

Also the amount of tax increase is so small it is unlikely to be noticeable on the P&L anyway.

Re:One pollster’s explanation for why the polls got it wrong by karpierz on Tuesday November 10, 2020 @07:04PM (#25053854)
> The stockmarket is a comparative market where higher profitability compared to other companies is what affects stock price.

Can you provide evidence for this? I was under the impression that price is dictated by long-term underlying company value. That is to say, time-discounted, risk-adjusted dividends, including buy-outs. Dividends are just paid out via stock-buybacks these days because the dividends are taxed more, despite them being functionally equivalent.

Re:One pollster’s explanation for why the polls got it wrong by nl on Tuesday November 10, 2020 @07:53PM (#25054286)
I was under the impression that price is dictated by long-term underlying company value. That is to say, time-discounted, risk-adjusted dividends, including buy-outs.

It's true that price is determined by long-term value, but long-term value isn't sorely dictated by dividends. Expected price appreciation itself is a factor for growth stocks. Growth stocks include some very large companies, including Google and Facebook.

Earnings is seen as an indication of future value (and future dividends if it is an income stock rather than a growth stock)

https://finance.zacks.com/profits-reflect-stock-prices-8263....

Re:One pollster’s explanation for why the polls got it wrong by throwaway32848 on Tuesday November 10, 2020 @08:44PM (#25054660)
> That's not how it works. The stockmarket is a comparative market where higher profitability compared to other companies is what affects stock price. This means tax increases to all companies don't drop stock prices.

The value of any stock (or bond or other financial asset) is its expected future cash flows discounted back to the present at a rate that reflects the risks associated with those cash flows. This is corporate finance 101. Higher taxes for US companies means lower cash flows, and lower values for those assets, unless the discount rate is lowered enough (e.g., lowering interest rates further, even going negative) to compensate. Companies with more US exposure will become less valuable, and money will flow to other assets, including bonds, foreign stocks, etc., to reflect the shift in value.

Re:One pollster’s explanation for why the polls got it wrong by nl on Tuesday November 10, 2020 @09:01PM (#25054767)
Companies with more US exposure will become less valuable, and money will flow to other assets, including bonds, foreign stocks, etc., to reflect the shift in value.

Indeed, this is a good point too. 401K managers are aware of this and can just shift allocations.