The Great Divergence

Trying to understand income inequality, the most profound change in American society in your lifetime.

In 1915, a statistician at the University of Wisconsin named Willford I. King published The Wealth and Income of the People of the United States, the most comprehensive study of its kind to date. The United States was displacing Great Britain as the world's wealthiest nation, but detailed information about its economy was not yet readily available; the federal government wouldn't start collecting such data in any systematic way until the 1930s. One of ... Full Story »

Posted by Greg Kopczynski - via Jack Shafer, Dave Weigel, David Carr, Slate , Columbia Journalism Review, Fabrice Florin (t), Malorie Jae Lucich (t), Jon Mitchell (t), David K. Miller (t), Umbreen Bhatti (t), Prof. TKG. Namboodhiri (t), Shakthi Sivanathan (t), David Wardell (f), Kaizar Campwala (f), Steven K Samra (f), Tobie Openshaw (f), Patrick McDermott (f), Tiffany Hebb (f), David Fox (f), Mark Pegrum (f), David K. Miller (f)
Tags Help
Subjects: World, U.S., Politics, Business, Media
Member Tags: the great divergence
Editorial Help
Posted by: Posted by Greg Kopczynski - Sep 7, 2010 - 5:55 AM PDT
Content Type: Article
Edit Lock: This story can be edited

Reviews

Show All | Notes | Comments | Quotes | Links
Patricia L'Herrou
4.0
by Patricia L'Herrou - Sep. 8, 2010

if the sources used in this piece are primarily accurate this is a very comprehensive group of articles, based upon our history and current economic factors, which bring to our attention the current fact of a grown and growing inequality of incomes in this country and thus the shrinking of the middle class, which, if it follows what has happened before in other countries, may place our democracy in jeopardy.

See Full Review » (5 answers)
Roland F. Hirsch
1.5
by Roland F. Hirsch - Sep. 7, 2010

This opinion piece has minimal journalistic value. The author has not read basic economics. If he had he would know that you NEVER, EVER compare income percentiles from year to year. You study how individuals in one income range in one year do in a later year. People in the lowest 20% income range in 1996 gained 90% by 2005 (the latest year range for which the IRS has done the detailed comparisons); people in the top 5% and top 1% in 1996 had LESS income in 2005, and most had dropped out of the range. Badly researched.

See Full Review » (11 answers)
Preston Watts
3.1
by Preston Watts - Sep. 8, 2010

Makes assumptions to prove his hypotheses that are unrealistic, "But when economists look at actual labor markets" but what he really looks at are geographical locations and markets segregated into unrelated categories.

High-school dropouts, high-school graduates, college graduates. These groups are neither static nor appropriate. As an example Paul Allen, Bill Gates and Steve jobs would probably skew the figures for high school graduates a little high, where collage graduates working at McDonald's probably skew theirs down a little.

See Full Review » (12 answers)
Greg Kopczynski
4.1
by Greg Kopczynski - Sep. 7, 2010

Excellent article ... so far (there are apparently more parts to this story to come). But the article has already dispelled many of the purported causes of the "wealth divide" and shown others to have too little effect to be a primary cause. I'm looking forward to reading the primary causes (and especially the supporting data) for this divide. The comparison of wealth divisions in the US compared with other democracies in the world is also eye-opening.

See Full Review » (4 answers)

Comments on this story (2)Help (BETA)

NT Rating | My Rating

Ratings

3.5

Good
from 6 reviews (49% confidence)
Quality
3.5
Facts
3.6
Fairness
3.0
Sourcing
3.0
Style
3.0
Context
3.0
Depth
2.0
Enterprise
1.5
Relevance
3.0
Popularity
3.5
Recommendation
3.3
Credibility
2.0
# Reviews
3.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

No links yet. Please review this story to add some!