No, it counts as a huge increase for someone in the bottom 99%. Seriously, this is not hard.
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Replying to @foggyanabasis @St_Rev
You don't classify cohorts by end of period income when you study their income over a period. No serious econometrician does that.
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Replying to @foggyanabasis @St_Rev
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.
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Replying to @foggyanabasis
I've seen it in the popular press with some frequency. I don't have examples to hand, though.
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Replying to @St_Rev
Tweet inspired by somewhat related (tho more complicated) report here: https://www.statista.com/statistics/241530/birth-rate-by-family-income-in-the-us/ … Ppl tend to have kids at beginning of career!
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Replying to @St_Rev
I agree that just viewing raw statistics like this can be misleading. Absolutely. I'm talking about papers than raw stats
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Replying to @foggyanabasis @St_Rev
For example, you can data-mine microdata and get all sorts of garbage. But hopefully a reporter wont call that news unless it's published.
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Replying to @foggyanabasis
Dude, do you read the news? Even the elite "data-driven" stuff like Vox is appalling.
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Replying to @St_Rev
I get all my news from twitter and random link dumps.
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Replying to @foggyanabasis @St_Rev
I used to read the news, during the Clinton administration.
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Pretty much the only journo I know of who is good at data analysis/context is Megan McArdle. It's a wasteland.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.