On Mon, 30 May 2005, "Cordell, Arthur: ECOM" <[EMAIL PROTECTED]> quoted:
>NY Times > >May 29, 2005 > >When the Joneses Wear Jeans > >By <http://query.nytimes.com/search/query?ppds=bylL&v1=JENNIFER >STEINHAUER&fdq=19960101&td=sysdate&sort=newest&ac=JENNIFER >STEINHAUER&inline=nyt-per> JENNIFER STEINHAUER > [...] >Even where luxury-good prices have remained forbiddingly high, some >manufacturers have come up with strategies to cast more widely for >customers, looking to middle-class consumers, whose incomes have >generally risen in recent years; the median family income in the United >States grew 17.6 percent from 1983 to 2003, when adjusted for inflation. Hmmm. These numbers seem to be directly at odds with some others which have gone by recently, which have suggested that incomes of the lower 80% of americans have lost ground against inflation, while the increasing incomes of the top 20% have overwhelmed this trend to yield a rising average. But this latter characterization would result in a dropping median, contrary to this report. I wonder who is in error here, or if some sort of glib manipulation of statistics is at work on one side or the other. -Pete _______________________________________________ Futurework mailing list [email protected] http://fes.uwaterloo.ca/mailman/listinfo/futurework
