Showing posts with label neo-liberalism. Show all posts
Showing posts with label neo-liberalism. Show all posts
Monday, May 14, 2012
Wednesday, October 26, 2011
New York Times math: a growth of 275% is 'more than doubled'
Check out this headline from today's New York Times, reporting on the fact that the top 1% of the US population has seen their income grow by 275% between 1979 and 2007, according to a study by the CBO.
And then check out this one, from today's Huffington Post, reporting on the exact same study.
And then check out this one, from today's Huffington Post, reporting on the exact same study.
Which do you think is correct? A growth of 275% is more "nearly tripled" than it is "doubled," no? Is the Times trying to tamp down our anger? (The income of poorest fifth of the population rose only 18% during the same period, while the rise of the three-fifths of people in the middle of the income scale was just under 40 %.) Is the Times unconsciously biased in favor of the 1%, who own the paper?
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