In the last 20 years, the proportion of households with income below the poverty line with the following amenities has increased as follows:1985 2005
Dishwasher 16% 37%
Supposedly, over the last 20 years, all of the income gains have gone to the rich. Yet, somehow, the poorest households increased their access to appliances that make life more pleasant.
Washing Machine 56% 64%
Dryer 35% 57%
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Tuesday, November 20, 2007
Poverty Line Inflation
is something I never, ever hear about. Hmph, go figure:
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