tag:blogger.com,1999:blog-32914592.post1186678106117708453..comments2024-02-21T14:18:09.212-08:00Comments on R World: Bush vs. Clinton - Income Growth by PercentileRon Davisonhttp://www.blogger.com/profile/11972794876337195698noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-32914592.post-67713216405128330842007-11-16T22:21:00.000-08:002007-11-16T22:21:00.000-08:00Ron, this looks like a manipulated graph. Why isn'...Ron, this looks like a manipulated graph. Why isn't Clinton's whole 8 year run included? Why pick those percentile breaks? <BR/><BR/>Also, you cannot look only at income growth you also have to look at the quality and cost improvements made in what you buy. The bottom percentile folks are massively better off under both presidents when you factor in quality improvement and cost reduction in what they buy.Anonymoushttps://www.blogger.com/profile/09696925485730652458noreply@blogger.comtag:blogger.com,1999:blog-32914592.post-10756455103147803092007-11-13T00:53:00.000-08:002007-11-13T00:53:00.000-08:00Nowhere did I say that globalisation was a distinc...Nowhere did I say that globalisation was a distinct event that started on this and this date :) It probably began developing in ancient times and its effects have been building up gradually.<BR/><BR/>I refined my rhetoric on this issue in a separate article in my blog, together with two caricature drawings to lighten up the mood :)<BR/><BR/>Anyway, whatever I say is freely available for misinterpretation :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32914592.post-11137172473570597332007-11-12T07:18:00.000-08:002007-11-12T07:18:00.000-08:00cce,I'm sorry to have lost you on the first scoop....cce,<BR/>I'm sorry to have lost you on the first scoop. Must have been your fudge ripple post that subconsciously suggested the comparison. <BR/><BR/>LH, <BR/>I agree that globalization has put enormous pressure on low-skiled workers. But we can't really let Americans compete with people who survive on $300 a month, not with housing and food, and fuel costs what they are here. We need to mitigate the pain.<BR/><BR/>Vladimir,<BR/>As with LH, I agree with the cause - in part. I don't believe that globalization just kicked up its heels since 2000. I also believe that there are policy solutions that help to mitigate the divide.Ron Davisonhttps://www.blogger.com/profile/11972794876337195698noreply@blogger.comtag:blogger.com,1999:blog-32914592.post-48431662983593739632007-11-10T10:51:00.000-08:002007-11-10T10:51:00.000-08:00Yes, we do have exact data, numbers that shows dif...Yes, we do have exact data, numbers that shows different trends under the two presidencies. But it is difficult to say how much of that was globalisation and how much fiscal policy.<BR/><BR/>We often hear politicians talk about 'the divide' and 'the growing income disparity'. Some attribute this to education, others to the globalisation, in less developed countries to technology.<BR/><BR/>Recently I began to think that there is another factor which has been ignored and I reflected my conclusions in the article <A HREF="http://www.thetransactioncompany.com/2007/10/29/held-together-by-faith/" REL="nofollow">Held together by faith</A>.<BR/><BR/>Who is in the top 10% income bracket? Investors, entrepreneurs, independent professionals, people with own businesses. What is common to all of them? Their economic activity takes place in the free market where they enjoy a higher degree of economic agency and potentials -- compared to employees 'locked' in companies, limited by centralised bureaucratic systems. <B>This is the real divide</B>.<BR/><BR/>So it no surprise that to those who are in the market, to entrepreneurs, globalisation came like a manna: access to more capital and more clients, new possibilities for networking and investment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32914592.post-15063292208838816582007-11-09T14:25:00.000-08:002007-11-09T14:25:00.000-08:00The democrats are trying to run through eliminatin...The democrats are trying to run through eliminating the AMT (alernative minimum tax) and replacing the $50 billion in lost revenue by taxing the compensation of hedge fund managers at the "earned income" rate (35%) rather than the capital gains rate (15%). Makes sense to me, but the republicans don't like it.<BR/><BR/>On the other hand, globalization has resulted in average Americans being unable to compete in the world economy at the wage levels Americans have come to expect. Low income Americans - those with little education or skills - are actually worth less than they were a decade or two ago. They need to either get educated or start picking apples for $12/hour. Tough words, but true.Life Hikerhttps://www.blogger.com/profile/00183254858386081439noreply@blogger.comtag:blogger.com,1999:blog-32914592.post-45387844250621934032007-11-08T16:50:00.000-08:002007-11-08T16:50:00.000-08:00Oh, I don't do graphs but ice cream...now you're t...Oh, I don't do graphs but ice cream...now you're talking. Day six of the self imposed sugar strike and I can't get past the first few sentences here. I'll just keep rereading them and salivating.Anonymousnoreply@blogger.com