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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (608706)4/23/2011 12:57:30 PM
From: Alighieri  Read Replies (2) of 1576881
 
The metric is standard of living, not some arbitrary income level. Because "income" excludes all the government freebies people get and doesn't take into account cost of living.

Did you even bother to read the report?

Al

The data we use for this analysis are taken from the Luxembourg Income Study (LIS)
database, which now contains almost 130 household income data files for 30 nations covering
the period 1967 to 2002 (www.lisproject.org). Using this data one can analyze both the level and
trend in poverty and low incomes for a considerable period across a wide range of nations.
Because we are computing the level of relative poverty, and real living standards for several
major policy relevant groups, we have selected 13-21 nations for this paper, each with a recent
1999-2000 LIS database.


Standard or living, NOT income is what makes you, in your Mansion, different from kids in Camden NJ.

How do you know? Aren't you presumptuous?

Al
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