Monday, October 22, 2012

Middle Class - Coming or Going?

Cafe Hayek — where orders emerge



If you were to hear data on equality which showed there are more households in the upper quintiles, and fewer in the lower, would you be able to reconcile that data with the fact that there are more households earning higher levels of money since the 70s?



IOW - what is the difference between equality of outcome, and better outcomes across the board?



Apparently, this writer to the Cafe cannot make this discernment.

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