Yesterday the Pew Research Center released analysis based on new Fed data that shows that median black net worth is less than it was thirty years ago. Median net worth for whites has grown an average of about 1% over…
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The Fed Finally Adds Median Income To Its Data
I have given formal presentations about medianism in 4 different countries in 2014: the USA, Lebanon, Mexico, and now Canada. Two weeks ago I presented at the Mennonite Economic Development Associates (MEDA) Convention in Winnipeg Canada. A lot of the…
Word Cloud
Here is a word cloud generated by tagxedo.com from approximately all of the text that I wrote during the first year of writing this blog. .
Posted in Medianism
Secular Stagnation of The Median
Secular stagnation is a concept that Alvin Hansen developed after nearly a decade of Great Depression in the US because he feared that the stagnation could continue forever. Then WWII brought the biggest government spending stimulus in history and the…
Progressive Taxes Could INCREASE Inequality
UPDATED 2015/01/28 Cathie Jo Martin and Alexander Hertel-Fernandez wrote an interesting article on Vox arguing that progressive taxation increases inequality. It is a counter-intuitive argument, but their graph gives evidence for it: Their theory is that progressive taxation leads to…
The Median Is A Powerful And Neglected Statistic
The median is so neglected that Microsoft Excel’s pivot tables which are designed to display statistical summary data don’t even give the option of displaying medians. The arithmetic mean was independently invented several times for reducing measurement error including by Isaac…
Posted in Medianism
Were “The Good Old Days” in the 1990s Really Better Than Today?
For most Americans, according to official economic statistics, the 1990s were the best of times. Anne Lowry explains: This week, the Census Bureau came out with its big annual report on income and poverty in the United States, and it…
Medianism 