Interest in median income is much bigger in the US compared with the rest of the world according to Google Search Trends. Perhaps the US is more interested in median income because, as Brian Nolan, Max Roser, and Stefan Thewissen…
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Median income per capita
One of the big problems with our official median income statistics is that the government only estimates the median income of households and we care about the welfare of people, not households. Household size has dropped which has tended to…
Posted in Medianism
The fracking belt?
Last December, the Census Bureau released official maps showing median income growth by county since the Great Recession began in 2007. Too bad we don’t have data for 2016 yet. It might be interesting to use it to analyze voting…
Bluffton University does a great job of producing upward mobility for our median student
The Equality of Opportunity Project has a new data set about the earnings of college graduates and the incomes of their parents which I used for the following table. I selected the schools that my 18-year old has visited (underlined below) as…
Posted in Medianism
The end of the efficiency-equity curve
Updated January 15, 2024 In rich nations, inequality dramatically dropped during the first decades of the 20th century and although inequality has been creeping up again over the past half century (especially in the US) it has remained lower than…
Double miracles: corn & nixtamalization
Corn (called ‘maize’ in European English) is a miracle grain that is more productive than any other under a wide variety of ecological conditions. Only sugar cane, rice sweet potatoes and “Irish” potatoes rival corn at producing the most calories…
Posted in Development
Is it dangerous for a business to follow a moral philosophy other than maximize profit¿
Mark Zuckerberg wrote a 6,000-word manifesto on the history of humanity and how Facebook will shape humanity’s future. Zuckerberg’s manifesto has been subjected to a large backlash among the intelligentsia of the internet, and although it has problems, I’m glad he…
Posted in Managerial Micro, Public Finance
Medianism 