The Times has played fast and loose [the Middle Class is not disappearing]

Townhall.com ^ | 31. August 2004 | Bruce Bartlett

[1rudeboy]

That's why the chart tracks median, and not mean income, silly.

[Toddsterpatriot]

I'm a math major.

New math?

[Sam Cree]

Thanks

[Willie Green]

New Labor Department Report Reflects Bush Administration's Lack of Seriousness...

[Havoc]

No, that would be your field. I made it through Calculus with an A- average. Clean your shoes boy.

[Toddsterpatriot]

You must have forgotten everything you've learned.

Still waiting for your source for your 70% assertion.

[Havoc]

I'm sure you are. Just as I'm waiting for you still to deal with the ethical considerations. Guess we'll both be waiting, huh.

[Toddsterpatriot]

Am I to understand that real dollars means that all incomes are included?

No, real dollars means adjusted for inflation.

Because you're showing total growth - including that of the men at the top who now make 311 times what the average worker does. What happens to the numbers if you lop off the rich who got richer while the data from census shows middle class incomes dropping.

Well, since we're talking about median income, lopping off the rich would have a very small effect.

Suppose it might parallel the trend? I'm a math major.

Words almost fail me. You're more a comic than a math major.

I do understand how you can fudge numbers by diluting sample. You poll 9 guys who make 10 bucks an hour and your average is 10 bucks an hour. But if you bring in Bill gates to stand next to them, they suddenly have an average income in the billions. Amazing, huh.

Actually, Bill Gates has never probably never had an income in the billions. His money is all capital gains.

[Toddsterpatriot]

Just as I'm waiting for you still to deal with the ethical considerations.

Making a profit is not unethical. You're not a liberation theologist? Right.

[LowCountryJoe]

That's why the chart tracks median, and not mean income, silly.

Game, set, match!!! Could it be that math major is unemployed because he has a penchant for overlooking critical details.

Null hypothesis: Havoc is equivalent to an intelligent human being
Alternate hypothesis: Havoc is not equivalent to an intelligent human being
Critical value: .01
Student t-score: 117
P-value: 0.000
Decision: Reject the null hypothesis
Conclusion: Within 99% certainty, there is not sufficient evidence to support the claim that Havoc is indeed equivalent to an intelligent human being.

[Havoc]

No, we just went through this earlier. What is the range shown for said graph?

[LowCountryJoe]

No, that would be your field. I made it through Calculus with an A- average. Clean your shoes boy.

Sure! Speaking of calculus, it appears that the derivative of your opinion accuracy in relation to time is quite a bit less that zero.

[LowCountryJoe]

Just as I'm waiting for you still to deal with the ethical considerations.

Would that mean something to the effect like: increasing the size of government in order to alter market outcomes and establishing welfare effects (through government tariff revenue) that don't nearly cover the total deadweight losses imposed by the tax? Just checking if this is what you mean by ethical.

[Havoc]

UnEthical - you playing robin hood with people's jobs. And doing it in wartime = Treason.

Ethical - not intervening in the market to do the unethical or treasonous above for profit.

-
And an update.
http://www.send2press.com/PRnetwire/pr04_071602-bhcareers.shtml 71% concerned for their jobs.
http://inhome.rediff.com/money/2004/mar/17bpo1.htm 61% in march
http://www.elecdesign.com/Articles/ArticleID/7994/7994.html here's Harris saying 64% against in May
http://www.harrisinteractive.com/harris_poll/index.asp?PID=453 Harris saying 68% against

[Toddsterpatriot]

Could it be that math major is unemployed because he has a penchant for overlooking critical details.

Havoc is a man of many contradictions.

A math major who doesn't know the difference between mean and median.

A conservative Republican who wants larger government.

[1rudeboy]

He'll be back. Nothing stops these people. Nothing.

[Thom Pain]

Is that the NY Ti^mes you're talking about?

[1rudeboy]

[NYC Republican]

Thanks!

[LowCountryJoe]

Unethical? Ya know what makes a great example of a completely bankrupt idea? A great example of a bankrupt idea is believing that that job belongs to you, replete with property rights on it and everything. It's believing that crap when the real owner of the job is the EMPLOYER that you work for. Sometimes the owner/employer is one person and sometimes the owners/employer are many different people with varying degrees of fractional OWNERSHIP of that company. Many times these true OWNERS delegate the personnel decisions to managers and supervisors. These people get to decide what is best for their company in order to maximize profits. Profit maximization is balanced between short, intermediate, and long-term goals and strategies - every little variable is considered and hard choices have to be made. The quicker you learn these facts, the sooner you'll be on the road to success.

As far as those links that you posted...good job, it was about time! And, I've responded to those on this post in another thread. I link to them so that anyone can see the crux of the problem.