EppsNet Archive: Literacy

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 →