Showing posts with label inequality. Show all posts
Showing posts with label inequality. Show all posts

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.


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?