Capitalism Rules, Socialism and Communism Suck Thread

[BananaStand]

If one variable changes over time, and the other doesn't......what do you stats-geeks call that??

I'm pretty sure it's NOT "correlation"

[Poopadoop]

If one variable changes over time, and the other doesn't......what do you stats-geeks call that??

I'm pretty sure it's NOT "correlation"

If you made $4k as a teacher in 1920 and that put you in Q3, or you make $40k as a teacher today and are in Q3, then yes the rungs are further apart. But it's also true that if you improve your education and become a professor instead, you might make $8k in 1920 and $80k today, either of which would put you in Q2. In both cases you've gone up one quintile even though the absolute difference in income between a teacher and professor is $4k in 1920 and $40k today. This accounts for inflation and the fact that $40k now is closer in terms of real income to $4k in 1920 than it is to $40k in 1920.

The rungs scale with overall income, which is why they use quintiles not overall income.

[BananaStand]

If you made $4k as a teacher in 1920 and that put you in Q3, or you make $40k as a teacher today and are in Q3, then yes the rungs are further apart. But it's also true that if you improve your education and become a professor instead, you might make $8k in 1920 and $80k today, either of which would put you in Q2. In both cases you've gone up one quintile even though the absolute difference in income between a teacher and professor is $4k in 1920 and $40k today. This accounts for inflation and the fact that $40k now is closer in terms of real income to $4k in 1920 than it is to $40k in 1920.

The rungs scale with overall income, which is why they use quintiles not overall income.

You don't understand the data.

I would explain why, but apparently it's sufficient to just call you an idiot and move on.