income mobility
Kayakhatch at aol.com
Kayakhatch at aol.com
Thu Feb 10 14:27:44 PST 2000
I know that lbo-talk has already covered this topic but I'm writing a letter
to the editor in response to a recent column by Thomas Sowell regarding
income distribution and mobility. Hopefully some of you have read it. Most of
it is easy to rebut. For instance he starts the piece by siting the federal
reserve study by the Texas Fed. Doug has a critique of this study in one of
the more recent lbo's so this is no problem. He also points out that
per-capita wages have risen. This is no brainer because the distribution of
the rise in wages is ignored so that he can make his point.
Where I would like some help is the allegation that there are more people in
the upper 20% and that the households in the lower 20% have fewer people. So
if these single people would get married or move in together their combined
income would move them into the middle class. So using household income
instead of individual income is misleading. The argument is that poor people
are better off than the studies would suggest and their upword mobility is
more than the liberal think tanks would leave us to believe. So what is wrong
with Sowells use of demographics?
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