Wed Dec 5, 2012, 06:50 PM
applegrove (67,700 posts)
"5 Charts that Show How Increasing Income Inequality Leads to Less Opportunity"
5 Charts that Show How Increasing Income Inequality Leads to Less Opportunity
By Nick Bunker at the Centre For American Progress
High levels of income inequality are associated with low levels of economic mobility, argues University of Ottawa economist Miles Corak in a new report from the Center for American Progress. Here are some key charts from the report, “How to Slide Down the Great Gatsby Curve,” that explain this phenomenon.
Note: The “intergenerational earnings elasticity” measure used in the charts below describes the percentage of a parent’s relative income position that his child inherits. A higher elasticity means lower economic mobility, as this means a child’s relative income position as an adult is more determined by his father’s position than by other factors. (All of the academic research in this area looks at father-son pairs because of data availability.)
The Great Gatsby Curve shows that children born in countries with high levels of income inequality will experience less economic mobility on average than children born in more equal countries. (see Figure 1)
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"5 Charts that Show How Increasing Income Inequality Leads to Less Opportunity" (Original post)
Response to applegrove (Original post)
Wed Dec 5, 2012, 07:13 PM
joeunderdog (2,562 posts)
1. Please. You are letting the facts get in the way of their platform.
Stop it. Repeat after me, "Lowering taxes on the rich results in stimulation of the economy."