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If you refer back to the historical income tables once again, you will see that the long term trend is that every quintile has been gaining, in real terms. This was happening even as the Gini index for the population was steadily rising over the same period. Also, income distribution is only a Lorenz curve if you plot it as a Lorenz curve. If you plot, for instance, the population in $5,000 income increments, you see a relatively flat distribution, that is rap midi flatter than a normal (bell curve) distribution around the median. So rap midi perhaps rap midi if one is looking at the George Bush years mean income in these quitles has fallen even though median income remained flatActually, median income dropped over that period, and, as you noted, the mean income for all quintiles also dropped. This is to be expected when unemployment rises since no one receiving unemployment compensation is above the median income. This adds an additional dimension to the debate and as an aside perhaps vindicates Kerry's assertion about the decreasing middle classKerry's claim of a shrinking middle class is only true if you allow him to redefine the term, or if you allow him to cherry-pick his data to fit his conclusion,Kerry's aides say he's referring to |
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