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Newsjock

(11,733 posts)
Sat Feb 22, 2014, 10:13 PM Feb 2014

One chart shows the staggering income inequality in Atlanta, SF, Miami, Boston, other cities

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/02/21/how-rich-is-too-rich-it-depends-on-where-you-live/

Do healthier cities experience greater income inequality? That’s one of the implications of a new Brookings Institution study released this week. Larger, more dynamic cities – think New York, San Francisco and DC – are more unequal than their smaller, less economically-diverse counterparts. As it turns out, a rising tide doesn’t necessarily lift all boats.

... The chart below breaks out the detail for the 20th, 50th, and 95th income percentiles in the 50 cities Brookings studied. One striking finding? In each city the median wage is a lot closer to the bottom of the income distribution than it is to the top.

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One chart shows the staggering income inequality in Atlanta, SF, Miami, Boston, other cities (Original Post) Newsjock Feb 2014 OP
Look at DC. jsr Feb 2014 #1
"In each city the median wage is a lot closer to the bottom of the income distribution than El_Johns Feb 2014 #2
Which is why whenever you see statistics Igel Feb 2014 #3
 

El_Johns

(1,805 posts)
2. "In each city the median wage is a lot closer to the bottom of the income distribution than
Sat Feb 22, 2014, 10:30 PM
Feb 2014

it is to the top."

Igel

(35,300 posts)
3. Which is why whenever you see statistics
Sun Feb 23, 2014, 02:32 PM
Feb 2014

you want to see not just the median and mean, but also the standard deviation and skew. Kurtosis is good, if you can make sense of it.

Of course, given median and mean you get a sense of the skew. But I'm not sure expecting income distribution to be a symmetrical bell curve is a reasonable null hypothesis.

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