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Center for International Policy
@hyperplanes explain why the median tracks even worse.
@hyperplanes are meant to explain why the mean doesn't track productivity, then the third wedges (compensation inequality) is meant to
@hyperplanes well, it's not an omission to them--they really do think the mean doesn't track productivity. As I said, two of their "wedges"
@hyperplanes it IS interesting, but EPI's explanation isnt justified by their analysis. I dont dispute the decoupling, I dispute explanation
@hyperplanes no, not this chart (from my Rule 3 section) using mean comp. EPI's chart, cited by Krugman http://t.co/0XG5eqE22f
@hyperplanes plus I actually show a chart making that very claim in the section you cite--created by EPI & cited approvingly by Krugman
@hyperplanes ...that mean comp tracked national productivity, they'd have only one wedge--compensation inequality.
@hyperplanes you're not looking hard enough. See the "terms of trade" and "loss of labor share" wedges in new EPI paper. If they believed...
@salimfurth @erikbryn should be easy to get from http://t.co/JnPQdFHNyJ (but fix EPI's inflation adjustment)
@ryanlcooper @jeffspross getting to low multigenerational poverty isn't so easy, alas
@ryanlcooper @jeffspross I only said welfare reform reduced poverty, and the evidence backs me up. Other stuff is different question.
@ryanlcooper @jeffspross might not be true today. Read Jencks Daedalus piece for summary of complications comparing across countries
@ryanlcooper @jeffspross but I probably should dial back he original statement. Research by Jencks and Smeeding backed it up circa 2000, but
@ryanlcooper @jeffspross my figures 4 & 5 look better at median, bit better for 10th ptile http://t.co/OVozQ7ZZy5 xnat comparisons imprecise
@ryanlcooper @jeffspross but I could jigger stats all day here....
@ryanlcooper @jeffspross OECD uses a relative poverty measure, conflating inequality with poverty
@ryanlcooper @jeffspross worse off than Europeans, upper 90% are better off than their counterparts in Europe
@ryanlcooper @jeffspross different question, but those x-nat comparisons are also tricky. Best suggest that below 10th ptile, Americans are
@ryanlcooper @jeffspross what's the counterfactual in the absence of welfare reform? You're asking a different question.
@MaxEhrenfreund @ryanlcooper @jeffspross say how *they* were affected. Common knowledge to those of us who have studied this in depth
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