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0 pointsrconti8y ago0 comments

This doesn't give me a great feeling for whether they're recapturing losses from the downturn (from which the rich 'suffered' disproportionately due to their heavy involvement in asset markets), or whether that 85% of the gains is in proportion to what they already took home in proportion of total dollars.

It could be they're taking home 95% of the income so capturing 85% of the growth is actually relatively low. I just don't know.

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linkregister8y ago

The poorest quintile suffered disproportionately, particularly minority workers.

rcontiOP8y ago

I'm sorry, I meant in absolute dollar terms (which is why I put 'suffered' in quotes for the rich). That's not meant to minimize the fact that the poorest had the most actual suffering. (and, likely, on average, the greatest % decrease in earned income due to unemployment).

linkregister8y ago

I was speaking in terms of percentages. In absolute terms, it's almost a meaningless comparison because the highest quintile will almost always experience a larger dollar fluctuation.

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0 pointsrconti8y ago0 comments

It could be they're taking home 95% of the income so capturing 85% of the growth is actually relatively low. I just don't know.

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linkregister8y ago

The poorest quintile suffered disproportionately, particularly minority workers.

rcontiOP8y ago

linkregister8y ago

I was speaking in terms of percentages. In absolute terms, it's almost a meaningless comparison because the highest quintile will almost always experience a larger dollar fluctuation.

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