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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOne 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? Thats 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 doesnt 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
jsr
(7,712 posts)1. Look at DC.
El_Johns
(1,805 posts)2. "In each city the median wage is a lot closer to the bottom of the income distribution than
it is to the top."
Igel
(35,300 posts)3. Which is why whenever you see statistics
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.