On Mon, Jan 10, 2011 at 9:11 AM, Shane Mage <shm...@pipeline.com> wrote: > > On Jan 10, 2011, at 11:33 AM, Lakshmi Rhone wrote: > >> No I mean the absolute gap in per capita PPP dollar income between >> China and the US can rise even as Chinese >> per capita income rises as a percentage of American per capita income. > > By definition. Any arithmetic ratio "*can* rise [or fall]." But, in > fact, US income per capita of the *median* population group (the only > relevant measure of central tendency for income comparisons) has been > stagnant for at least the past decade while income per capita of the > Chinese median group has increased spectacularly. And that means a > *big* reduction in the *absolute* income gap between the average > American worker and the average Chinese worker.
Exactly. If you are talking about Indian or Chinese compared to U.S. workers median income not average is the right basis for that comparison. Nobody on this list benefits from Bill Gate's 40,000 square foot home. Incidentally I wish Lakshmi would quote when he replies. Not the whole thing but at least the main sentence or even paragraph he is replying to. Make the conversation a lot easier to follow. > > > Shane Mage > > "All things are an equal exchange for fire and fire for all things, > as goods are for gold and gold for goods." > > Herakleitos of Ephesos, fr, 90 > > _______________________________________________ > pen-l mailing list > pen-l@lists.csuchico.edu > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Facebook: Gar Lipow Twitter: GarLipow Grist Blog: http://www.grist.org/member/1598 Static page: http://www.nohairshirts.com _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
