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View Diary: Saez & Piketty Income Inequality Update: Top 1% Have Received 121% of Income Gains Since 2009 (66 comments)

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  •  Checked the sourcing... (4+ / 0-)

    ...from the tables, third-party copy, and the paper's content. They, in turn, source gov't stats. (I did NOT check those. However, short of spending more than an hour researching the material, at some point, one has to rely upon the credibility and reputation[s] of the authors. And, Saez' and Piketty's work IS considered quite credible in economic circles.) If you're looking for more than this from me, then I'm sorry to disappoint you.

    "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

    by bobswern on Wed Feb 13, 2013 at 01:55:42 PM PST

    [ Parent ]

    •  no (1+ / 0-)
      Recommended by:
      bobswern

      i thought there was a place where they literally showed their work and I was missing it.
      thanks for the work and the diary.

      If you aren't outraged, you are an idiot

      by indefinitelee on Wed Feb 13, 2013 at 01:57:13 PM PST

      [ Parent ]

    •  seriously though (1+ / 0-)
      Recommended by:
      bobswern

      This is me

      If the difference in 1% share of income and 99% share of income is 11.6%
      (11.2 + -0.4)
      And 11.6 is 121% of the change

      Then income for the country as a whole was up 9.58%
      (11.6% / 121%)

      right?

      If you aren't outraged, you are an idiot

      by indefinitelee on Wed Feb 13, 2013 at 02:07:43 PM PST

      [ Parent ]

      •  If you look at their real income growth.... (4+ / 0-)

        ...on the chart of their updated report (may be found via the sixth link in the post, above), you'll see overall growth during the period was 1.7% (see page 7 of the update).

        This, by the way, is REAL growth for the period, factoring in the CPI (inflation), etc. (Other factors taken into account are footnoted on the chart on page 7 of their update.)

        "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

        by bobswern on Wed Feb 13, 2013 at 02:14:12 PM PST

        [ Parent ]

        •  By the way... (5+ / 0-)

          ...if you Google the following phrase, as is: saez and piketty methodology, you'll receive a large set of responses, including details on their methodologies as well commentary from those who disagree with their findings (and methodologies).

          "I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong." --Katharine Graham

          by bobswern on Wed Feb 13, 2013 at 02:17:00 PM PST

          [ Parent ]

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