The Wealthiest 5% Grabbed Most of the America’s Gains
19th September 2011
An excellent example of how the Aggregation Fallacy can infect even the Wall Street Journal.
19th September 2011
An excellent example of how the Aggregation Fallacy can infect even the Wall Street Journal.
September 19th, 2011 at 13:57
Does aggregation change the fact that 1% of the population control 60% of the wealth? Or that the lowest 50% of the population controls only 2.5% of the wealth?
Exactly what kind of specific data lost in aggregation do you believe would be revelatory? The Rich are still rich, and the Poor are still poor.