Drugstore closures are leaving millions without easy access to a pharmacy — washingtonpost.com The nation’s largest drugstore chains — Rite Aid (which filed for Chapter 11 bankruptcy protection last week), CVS and Walgreens plan to collectively close more than 1,500 stores. Public health experts have already seen the fallout, noting that the first neighborhoods to lose their pharmacies are often predominantly Black, Latinx and low-income. That sentence is written in a way that makes the world sound worse to the casual reader than it probably is. How have public health experts “already seen the fallout” of something that hasn’t happened yet? Predominantly Black, Latinx and low-income neighborhoods are “often” the first to lose pharmacies. Not always, but often. Ok, that makes sense. But it’s phrased in a way that sounds like the pharmacies are being closed because of the demographics. If pharmacies didn’t want to be in predominantly Black, Latinx… Read more →
EppsNet Archive: Income
Billionaires
The average billionaire in America pays 8% in federal taxes. Teachers and firefighters pay more than that. That’s why I proposed a minimum tax for billionaires. Republicans are against it, but I’m going to keep fighting for it. — Joe Biden (@JoeBiden) June 26, 2023 Reading Joe Biden’s Twitter is exquisitely painful, like a sore tooth that you can’t stop pushing on with your tongue. How do these things even go together? Americans are not taxed on their net worth, they’re taxed on their income. At least that’s what I think he’s talking about. Income tax. Although there are a lot of other federal taxes: self-employment tax, gift tax, excise taxes, etc. Is he talking about taxing people’s net worth? I don’t know. I can’t figure it out. I’m not a billionaire myself because I don’t know how to make that happen. If someone has figured out how to do… Read more →
Median Income by Ethnicity
It would be nice if modesty prevented me from saying that my household income is much higher than the median Indian household income. A lot of you white people out there are pulling down the average. Read more →
Life Gets Better After 50?
About 15 years ago, economists made an unexpected finding: the U-shaped happiness curve. Other things being equal – that is, once conditions such as income, employment, health and marriage are factored out of the equation – life satisfaction declines from our early 20s until we hit our 50s. Then it turns around and rises, right through late adulthood. — The Guardian So once you factor out all the things that make life miserable, it turns out older people can be just as happy as anyone else! Read more →
How to Not Get a Job Teaching Computer Science
She was a software engineer interviewing for a job teaching high school computer science. One of the interviewers read a question: XYZ School District is committed to effective learning for all students. Key in this work is improving the success of historically underrepresented, low-income and/or students of color. What are your experiences implementing instructional strategies shown to be most effective in increasing the success of these populations? She knew what the “right” answer looked like but after a momentary hesitation decided to answer honestly. “I think it’s probably counterproductive to single out groups of students as needing special handling to be up to the standards of the other students.” “We’re not saying that they’re not up to the standards of the other students,” the interviewer said. “Okay, let me say it another way. We have four labels available: ‘historically underrepresented,’ ‘low-income,’ ‘students of color’ and ‘none of the above.’ “From… Read more →
10 Reasons That NY Times Chart Might Not Mean What You Think It Means
From the New York Times: Money is not the only metric for measuring life outcomes. Charts and articles like this seem to reflect an inappropriate obsession with narrowly materialist values. If you do want to measure your life with money, it looks like the 99th percentile is where you want to be. Why aren’t you there? Why aren’t you a CEO? Why aren’t you making a million a year? If you can’t figure out how to get there, don’t begrudge the people who did figure it out. If you don’t have the education, motivation, intelligence or skills to get there, don’t begrudge those who do. The amount of wealth is not a fixed amount. It’s not a zero-sum game. If it were, it would be concerning that a few people are very wealthy. But it isn’t. The distribution of income has to be skewed to the right because income is… Read more →
Income Inequality Explained
Income Inequality Explained
Via NPR: Read more →
Steal Like an Artist
There’s an economic theory out there that if you take the incomes of your five closest friends and average them, the resulting number will be pretty close to your own income. I think the same thing is true of idea incomes. You’re only going to be as good as the stuff you surround yourself with. — Austin Kleon, Steal Like An Artist Read more →