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Raves/Rants about the goings-on on a little blue inconsequential planet in a small and relatively uninspiring solar system which is on the far end of a small and wholly unspectacular galaxy in the large universe.

About Inequality

Category: , By El Subliminal
Would you rather make $200000 per year and have your neighbors make $300000, or would you rather make $100000 and have your neighbors make $80000?

Surprisingly, most people would choose the latter. So how would you then quantify inequality? In this article , the author debunks a common myth that the GINI index is useful in measuring inequality - apparently the use of this index tells us that India is more "equal" than the US.

A casual read of how this index works can easily tell us that the underlying income distributions can be markedly different and yet yield similar GINI values.

What can be a more equal measure? I'll mull over this once my deadline passes..

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