Comments on: The US Income Gap http://www.mint.com/blog/trends/the-us-income-gap/ The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world. Sun, 12 Feb 2012 05:07:51 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Juliechristie http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-49136 Juliechristie Mon, 31 May 2010 10:11:08 +0000 http://www.mint.com/blog/?p=8680#comment-49136 It would be better/more appropriate to use the median income, as there is probably a substantial positive skew to the data. A logarithmic conversion may help alleviate that – but, plotting median income would allow for a direct comparison of dollar units, and not some strange log(dollars) metric which is harder to digest/interpret. It would be better/more appropriate to use the median income, as there is probably a substantial positive skew to the data. A logarithmic conversion may help alleviate that – but, plotting median income would allow for a direct comparison of dollar units, and not some strange log(dollars) metric which is harder to digest/interpret. ]]> By: Jake http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46181 Jake Thu, 04 Mar 2010 20:30:29 +0000 http://www.mint.com/blog/?p=8680#comment-46181 It would be interesting to see this graph with the incomes adjusted for inflation. It would be interesting to see this graph with the incomes adjusted for inflation. ]]> By: Mike http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46087 Mike Tue, 02 Mar 2010 15:42:12 +0000 http://www.mint.com/blog/?p=8680#comment-46087 There is more wrong with this graph than just the approach. The average white female salary is not only the highest(except for the data from 2002 on), it's also right on the average? Should that tell me that the number of working, white women is so much greater than other groups that it makes black and latino women statistically insignificant? If their numbers are significant at all, it is impossible for the line representing the top of the scale to also be the average. There is more wrong with this graph than just the approach. The average white female salary is not only the highest(except for the data from 2002 on), it’s also right on the average? Should that tell me that the number of working, white women is so much greater than other groups that it makes black and latino women statistically insignificant? If their numbers are significant at all, it is impossible for the line representing the top of the scale to also be the average. ]]> By: John Doe http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46083 John Doe Tue, 02 Mar 2010 09:20:22 +0000 http://www.mint.com/blog/?p=8680#comment-46083 huh? For what purpose do you think it requires a log axis? And, how in the blue fuck can you look at that, and think there isn't a gap? Who failed statistics? As another poster noted, it would be better/more appropriate to use the median income, as there is probably a substantial positive skew to the data. A logarithmic conversion may help alleviate that - but, plotting median income would allow for a direct comparison of dollar units, and not some strange log(dollars) metric which is harder to digest/interpret. huh? For what purpose do you think it requires a log axis? And, how in the blue fuck can you look at that, and think there isn’t a gap? Who failed statistics?

As another poster noted, it would be better/more appropriate to use the median income, as there is probably a substantial positive skew to the data. A logarithmic conversion may help alleviate that – but, plotting median income would allow for a direct comparison of dollar units, and not some strange log(dollars) metric which is harder to digest/interpret.

]]> By: CRO http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46071 CRO Mon, 01 Mar 2010 23:01:58 +0000 http://www.mint.com/blog/?p=8680#comment-46071 Much of white America doesn't like to confront these realities. The New York Times also recently wrote a great article on this phenomenon. Numbers don't lie. http://www.nytimes.com/2009/12/01/us/01race.html Much of white America doesn’t like to confront these realities. The New York Times also recently wrote a great article on this phenomenon. Numbers don’t lie. http://www.nytimes.com/2009/12/01/us/01race.html ]]> By: Paul http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46060 Paul Mon, 01 Mar 2010 06:42:06 +0000 http://www.mint.com/blog/?p=8680#comment-46060 Looks like female income increased from 2/5ths of male income to 3/5ths of male income over the time in question, though it would be easier to pull out income gap observations if the data were inflation adjusted. Maybe we would also see some falling wages .. ethnicity versus inflation.. that would be compelling! Looks like female income increased from 2/5ths of male income to 3/5ths of male income over the time in question, though it would be easier to pull out income gap observations if the data were inflation adjusted. Maybe we would also see some falling wages .. ethnicity versus inflation.. that would be compelling! ]]> By: staffaction http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46028 staffaction Sun, 28 Feb 2010 01:18:45 +0000 http://www.mint.com/blog/?p=8680#comment-46028 What is the meaning of this? And so what if there is an income disparity. Of course, in a relatively free society like ours there will be inequalities such as this! Please start posting more meaningful and educational items on your blog. What is the meaning of this? And so what if there is an income disparity. Of course, in a relatively free society like ours there will be inequalities such as this!

Please start posting more meaningful and educational items on your blog.

]]> By: Gary http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46003 Gary Sat, 27 Feb 2010 01:59:49 +0000 http://www.mint.com/blog/?p=8680#comment-46003 I truly don't know the answer to my own question but I have ideas (purely based on my own life experiences). What would the correlation be to level of education over the same demographic. As an engineer, I experienced classes where the dominating demographic was the Asian group. They were by far the strongest students. And kudos to them for that. Has anybody seen statitistics that would support or disprove my small sample of life experience? I truly don’t know the answer to my own question but I have ideas (purely based on my own life experiences). What would the correlation be to level of education over the same demographic. As an engineer, I experienced classes where the dominating demographic was the Asian group. They were by far the strongest students. And kudos to them for that. Has anybody seen statitistics that would support or disprove my small sample of life experience? ]]> By: Micah Bright http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-46001 Micah Bright Sat, 27 Feb 2010 00:59:05 +0000 http://www.mint.com/blog/?p=8680#comment-46001 Agreed. This needs to be normalized with IQ and Education. Also, for women, you need to account for the simple fact of childbirth and childcare. Agreed. This needs to be normalized with IQ and Education. Also, for women, you need to account for the simple fact of childbirth and childcare. ]]> By: Stefan Lasiewski http://www.mint.com/blog/trends/the-us-income-gap/comment-page-1/#comment-45988 Stefan Lasiewski Fri, 26 Feb 2010 18:52:41 +0000 http://www.mint.com/blog/?p=8680#comment-45988 Out of curiosity, why does the Data for Asians begin in 2002? Didn't the US census collect data before that time? Out of curiosity, why does the Data for Asians begin in 2002? Didn’t the US census collect data before that time? ]]>