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…
Blog Archives
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
Mmutilitarianism: The accidental ethical foundation of economics and business.
Everyone has some sort of moral philosophy whether they realize it or not. The three major schools of ethics are deontology, consequentialism, and virtue ethics. Deontology is an ethical system based on legalistic rules that impose a duty on everyone’s…
Posted in Medianism, Public Finance
Real median wage growth highest in 15 years
The Atlanta Fed regularly publishes a measure of median nominal wage growth for several interesting demographics, but for some reason, they don’t publish any measure that is adjusted for inflation, so I created one using a running 2-month average of…
Posted in MELI & Econ Stats
Anyone who is a true advocate for the middle class must accept a little class warfare
The American Enterprise Institute, a conservative think tank, wrote a position paper arguing that Americans are saving a lot more for retirement than a Pew study showed. The AEI objected to the sort of media reports about the Pew study saying,…
Posted in Inequality, Middle class
The State of The USA is mmutilitarian
The State of The USA is an organization that receives federal funding with the mission to measure “the nation’s progress… with the best quality measures and data on the most important issues facing the country” by creating a “Key National…
Posted in Medianism
Medianism 