You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #18: One measure makes it VERY clear: It's called the Gini Ratio [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
TahitiNut Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-26-06 12:10 PM
Response to Original message
18. One measure makes it VERY clear: It's called the Gini Ratio
I've posted this repeatedly but it seems much of the DU community, like 'average' Americans, have such a "math phobia" that the impact of this graph is lost upon them (as they run in terror screaming 'No! Not a graph! I can't read those!'). Maybe I'm wrong. I hope so.

The Gini Ratio is a valid measure of how equitably income is distributed among familes. A Gini Ratio of zero ('0.0') would indicate that every family receives exactly the same income, while a Gini Ratio of one ('1.0') would indicate that a single family receives all of the income and all other families receive none. Clearly, neither extreme is ever seen. Nonetheless, a colonial plantation economic system is clearly indicated by a high Gini Ratio and an economy focused on economic equity is clearly indicated by a low Gini Ratio. It's also important to recognize that the income of a family/household may be the result of several members of the family working, possibly at more than one job or the result of purely 'investment' (ownership) income (or retirement income) where nobody actually works for a living.

Anyone who can look at the following chart and not appreciate the appalling deterioration of the American economy in the last 30 years is either math-challenged or a corrupt reichbot.

Both, hopefully, are curable.

Printer Friendly | Permalink |  | Top

Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC