Over the past year we have heard the media frequently use the term "99%." It's a figure that Occupy Wall Street has been quick to employ to find common ground with the masses. It's also a phrase that pundits have used to comment on the platforms of this year's presidential candidates. But The Atlantic features a new way of looking at the 99% / 1% divide, by depicting incomes along a stacked bar chart that resembles the world's tallest building, the Burj Khalifa in Dubai.
The interesting chart comes from Scott Winship and is published on the Brookings Institution's website in an article about inequality within the top 1%. The differences are striking. If we take the poorest person in the top 1% of US incomes and put him on the 160th floor, then we would find the poorest person in the top 10% living on the 35th floor. Or, to put it another way, the disparity in earnings for these two individuals can be represented as a difference in 125 stories. On the other hand, consider the median household income. The poorest person in the top 50% of earners is separated from the poorest person in the top 10% by a mere 22 floors. The top one hundredth of incomes is separated from the poorest of the top 1% by 150 floors. By contrast, the difference between the poorest individuals in the top 1% and those in the 2% is 67 floors
About TeachingwithData.org
TeachingWithData.org is a partnership between the Inter-university Consortium for Political and Social Research (ICPSR) and the Social Science Data Analysis Network (SSDAN), both at the University of Michigan. The project is funded by NSF Award 0840642, George Alter (ICPSR), PI and William Frey (SSDAN), co-PI.
Translate
Search This Blog
Popular Posts
-
A study recently featured in the Journal of Comparative Economics examines income inequality in urban China. Capital income increased d...
-
If you’ve hit the point in the semester where your classes have fallen into routines and you’d like to spice things up a bit, this webinar i...
-
According to the Washington Post, since 2009, the unemployment rate in the United States has dropped by 50% . The traditional...
-
A recent post on the Economist’s Graphic Detail blog includes a global map of cigarette smokers in 2010, as reported by the American Cance...
-
Using data from the Violence Policy Center, the Bureau of Justice Statistics, the National Institute of Justice, and the Center for American...
No comments :
Post a Comment