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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (92711)	10/31/2008 2:10:29 PM
From: thames_sider	Read Replies (1) \| Respond to of 541851

The other issue is to look at the median income, rather than the mean wealth. One thousand people earning $100M each boost the mean enormously, but on average they're not making anyone else significantly richer. If anything, that's probably far worse than 1M people each earning $100K, since the very rich will tend to be big in sectors such as hedge funds which otherwise basically enrich only the managers, and don't even have the excuse of building productive industry as VC or PE might do. (Which leads me to think of possible explanations why trickle-down fails when the wealth gets so concentrated... another time, perhaps).

To: Sam who wrote (92711)	10/31/2008 3:18:13 PM
From: TimF	Respond to of 541851

And unemployment is measured differently in European countries than the US. Actually quite a few of them measure it in a very similar way. "How are the unemployed counted in other countries? The sample survey system of counting the unemployed in the United States is also used by many foreign countries, including Canada, Mexico, Australia, Japan, and all of the countries in the European Economic Community. More recently, a number of Eastern European nations have instituted labor force surveys as well. However, some countries collect their official statistics on the unemployed from employment office registrations or unemployment insurance records. Many nations, including the United States, use both labor force survey data and administrative statistics to analyze unemployment." bls.gov more at Message 24034551 or bls.gov