W-2s don’t lie

These numbers are derived from aggregate W-2 incomes for 158 million working Americans (see link for full table). The “raw” average wage, computed as net compensation divided by the number of wage earners, is $7,050,259,213,644.55 divided by 158,186,786, or $44,569.20. Based on data in the table below, about 67.2 percent of wage earners had net …

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Our Kids and Coming Apart

Nick Lemann reviews Our Kids: The American Dream in Crisis by Robert D. Putnam. At the descriptive level, Putnam’s conclusions seem very similar to those of Charles Murray in Coming Apart. Of course, description is much easier to obtain than causality. NYBooks: … By the logic of the book, access to social capital ought to …

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There is a tide

This novel reminds of recent dystopian movies and books such as Elysium, The Road, Never Let Me Go and Cloud Atlas. Our zeitgeist recognizes the ever accelerating gap between haves and have-nots, and these novels and films reflect that collective consciousness. The gap always existed between the rich and poor worlds, but now it exists within developed …

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