A nice little story from the book:pic.twitter.com/TV8uEsD3eD
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A nice & real example from Landsburg's new book. Median wages for all workers only rose 3% from 1980-2005, yet they rose 15% or more for each race/sex subgroup. Because the relative group sizes changed. http://www.armchairecon.com/outsmart/ pic.twitter.com/l52u8aXRf8
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Great example of Simpson's Paradox
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The median wage has been more stagnant because compositional effects? I mean, a lot of Hispanics entering in the American workforce with low wages since the 80's for example
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statistics sometimes are like a magic trick if you don't look closely they can baffle you.
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Interesting.
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