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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (49928)	8/10/2006 9:20:19 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 90947

Having trouble following the facts presented here, rejek, or just trouble coming to grips with them? As Laz (almost) showed you in this post - Message 22668960 - the real incomes of the bottom quintile actually grew substantially over that period. His only mistake was not adjusting for population growth, which was around 36% over the period. Correcting for that, a 3.5% share for the bottom quintile in 2002 compared to 4.2% in 1973 represents around 42% growth in real per capita incomes for the group. If having 42% more money in real terms constitutes becoming poorer in your mind, then clearly your mind is poor.