That depends on how you measure. The higher 50% see their incomes cut in half in your example, you are only playing games with boundaries.
Dude goes from penniless college student to SV IPO millionaire. Goes from 30th percentile to 99th. Counts as a huge rise for the top 1%.
-
-
No, it counts as a huge increase for someone in the bottom 99%. Seriously, this is not hard.
-
You don't classify cohorts by end of period income when you study their income over a period. No serious econometrician does that.
-
It'd be like studying the death rate of a disease by putting end-of-period survivors in the denominator. That's not how its done.
- 3 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.