Re: barbaric
On Mar 6, 2007, at 6:52 AM, Daniel Davies wrote:
just to give some sort of scale to the improvements made in the lot
of the poorest quintile of households, the improvement between 1978 and
2001 would have been roughly enough to buy a caffe latte every weekday:http://crookedtimber.org/2004/08/12/heres-your-fucking-latte-sir
1978 was a peak for bottom quintile incomes; it wasn’t surpassed for
10 years. Their level in 2005 was $610 higher (in 2005 dollars),
which is less than a latte a day (though maybe not at Dunkin’
Donuts). Their incomes for 2005 - $10,655 - is $959 below their all-
time peak in 1999 (again in 2005 dollars). The top 5% (average income
$281,155) gained $5,785 between 1999 and 2005. That’s enough for 6
lattes a day!
Doug