Raj Chetty et al. published a study of the correlation of class and life expectancy that got a lot of press, but I hadn’t actually looked at the original publication until this week. Here is the correlation between life expectancy…
Raj Chetty et al. published a study of the correlation of class and life expectancy that got a lot of press, but I hadn’t actually looked at the original publication until this week. Here is the correlation between life expectancy…
Consider the economic wellbeing of South Africa and Ukraine in 2003. South Africa’s mean income at $10,400 was 67% higher than Ukraine’s at only $6,220 but Ukraine’s life expectancy was 67.4 years which is 25% higher than in South Africa at 53.7…
Although most people find it distasteful to put a dollar value on human life, people have been doing it for centuries and these judgements have always had a big impact on people. Before the 1960s, the motivation for putting an…
The Census just announced a historically rapid rise in median household income which is cause for celebration, but the reason why it rose is a bit less heartening. Basically, households are working more hours. The median earnings of individuals is still somewhat stagnant:…
Charles Murray recently wrote a Wall Street Journal essay arguing that, “Trumpism is an expression of the legitimate anger that many Americans feel about the course that the country has taken.” In particular, he says that increasing inequality since the 1970s has caused white…
Webster has two definitions of ‘entrepreneur’. The first definition is “a person who starts a business and is willing to risk loss in order to make money.” By this definition, high inequality creates a lot of entrepreneurs. Extremely poor people…
Which is the cheapest accommodation? A one-room apartment. A jail. A hospital room. Which is the cheapest labor? A social worker. A criminal-justice worker (police, lawyer, judge, etc.) A healthcare professional (doctor, nurse, etc.) For both questions, #1 is the…
