ilia25
I can do math
- Jan 12, 2012
- 1,859
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I keep seeing this drivel about changes in household income.
Nobody seems to want to say that the people in those quintiles don't stay there. They move around....despite the whining on the left....with a fair amount of mobility.
If don't weight that mobility into those charts....they are pretty much meaningless as far as making a statement about gaps between rich and poor.
NOt true...
U.S. falls behind Europe in Economic Mobility between Classes
And frankly, if the mobility is people moving down, that's not a good thing.
And social mobility is less relevant if the lion share of the income goes to the very top. It makes moving between lower quintiles pretty much pointless. So what, if now you can afford to pay for health insurance, instead of relying on Medicaid?