@Asher_Wolf The data shows income distribution is worst since 1980. Better for poor, worst for middle class. Interesting.
Glad you asked! Here's the data: less poor people, more rich people. Higher living standards https://pbs.twimg.com/media/CmAmxYsWgAE07wM.jpg …https://twitter.com/VrainLucas/status/748002192846692352 …
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it shows that middle class people have become upper middle class and that there are less poor people.
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@Asher_Wolf but poor people income increase is very low, middle class shrinked, rich people took the most of the income increase. -
So new automation technology doesn't seem to rise unemployment on the long run, but do seems to concentrate wealth.
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Not according to Pew Research: http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/ …
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Or Janet Yellen and the Fed: https://www.federalreserve.gov/newsevents/speech/yellen20141017a.pdf …
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... just some data and facts that do matter
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@fchollet This shows income for a family of three. How much of the change is just a shift to dual income families? I suspect a large amt.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@VrainLucas@Asher_Wolf imo, everyone's use of mean rather than median is dishonest. e.g. http://www.conceptstew.co.uk/pages/mean_or_median.html …Thanks. Twitter will use this to make your timeline better. UndoUndo
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