In These Times

Yes livingliberty is correct but misses the point. So what if 60% of the bottom fiifth move up they probably only move up to the next fifth part. Almost half, 40 %, stay in the bottom 1/5. No less than 10% jump to the top is NOT a significant amount. If 70% of the top fall out of the top group they fall probably 1 group down so this too is not a significant "churn factor" at all. We need less categories or a better presentation of the lack of social mobility in these stats. The bottom line is inequality is …

Posted to Throw the Books at Them