Rising US Inequality: How We Got Here, Where We're Going

Post by toomuchtodo » Tue, Jul 02, 2019, 5:32 AM UTC

zxcmx wrote: post #108

DoreenMichele wrote: post #53

A large portion of what reduced inequality was the destruction of wealth during World War II and the fact that the U.S. benefited afterward from being the last standing industrial economy. I seriously doubt that. We shipped essentially all able-bodied men off to war, so much so that we filled a lot of jobs with women. Birth rates were low because the men were physically absent. People were encouraged to grow Victory…

One aspect I haven’t seen much discussion about is that WWII may have acted as a kind of giant social mixer. I mean this in the sense that people who might hardly meet each today were thrown together often more or less as equals. At least within the (ok, very limited) bounds of the race and gender norms of the day. Today a programmer, middle manager or radiographer say can get to middle age without ever really “meeti…

Great comment and observation.

Post by frankbreetz » Tue, Jul 02, 2019, 2:44 PM UTC

sokoloff wrote: post #118

frankbreetz wrote: post #116

Earlier quoted context omitted.

That's not what you said before at all, they don't do an inconsistent comparison of real and nominal, which what I thought the problem to be >>" Inevitably, the income will be real income [inflation adjusted] and the prices nominal prices." They don't specify which in the title, but they do in the article. The biggest thing is there is no comparison between nominal and real prices . Acting like the nominal cost of th…

I've seen the exact behavior I described; this was the fastest misleading headline I could find in a quick search. I'll reply on thread next time I see one, which is likely to not happen in the next 24 hours. Hopefully, you'll take an open minded read to see where social and mainstream media accounts are biased for outrage and clicks over information content and will notice these on your own as well.

I always try to keep an open mind, I will admit if this happens regularly by mainstream media, but comparing real and nominal prices seems like a pretty difficult thing to get past people. This is a complex topic and it can sometimes be tricky to kept track of how much was a dozen eggs, how much was a college degree, how many people had college degrees, how much is healthcare, how much would we spend on healthcare if the government was in charge, and thousands of other factors. Newspapers and website are driven by viewership so there will not likely specific language in a headline, or even in the article sometimes.

Re: Rising US Inequality: How We Got Here, Where We're Going

Re: Rising US Inequality: How We Got Here, Where We're Going