Income Inequality: How The Wall Street Journal Got It Wrong

businessinsider.com:

For anyone with even a passing familiarity with issues associated with economic inequality, The Wall Street Journal front page story last week was shocking. Its use of bad data was a misuse of this important forum.

Read the whole story: businessinsider.com

Comments

[land2341]

Rupert Murdoch is the world's oligarch. Owning most of the media from which you get your information, beholden to no one and working on behalf of only his own best interests, he embodies a form of global dictatorship. We have spent years worrying about being taken over by some other country only to have sold ourselves to one person....­..

Way way too much power concentrated in the hands of one.....

[ReedYoung]

Good points about WSJ = Fox News. So, be sure to boycott EVERYTHING Rupert Murdoch owns. Even the movies, National Geographic Channel and Hulu. :-(
http://www.newscorp.com/management/index.html

[joe conservative]

NOBODY CARES
get over it

[dynwit]

Neo-con Christian?

[joe conservative]

Liberal deutsche-bag

[ReedYoung]

You're half-right. Neo-con for sure, but a Christian would love its enemies as itself. So, neo-con hypocrite xian.

[dumboldfarmer]

The Wall Street Journal and other east coast news outlets seem to always get things wrong because they think that the east coast is the center of America, and New York City is the capital. This is something people across the country have put up with for years.

These people need to recognize that the United States is much more than that, and come to grips with the fact that there are smart people all over America, not just on the east coast.

[ReedYoung]

You take it so personally. I don't believe they think anything about you, or your community, or even your demographics and socioeconomic data. They just think they can get away with it, full stop.

[tedmore123]

Rupert 'Screw the rest of the world I'm rich" Murdock owns the WSJ; is there any wonder why he'd want to paint a rosier than reality picture for (what's left of) his audience?

[politkal kos]

Our future has been spent. The bail out is like throwing water on a electrical fire. It will be a miracle if in 10 years if "real" unemployment falls below 10%. The middle class will be joining the ranks of the impoverished. If you have ever been to europe this is what our society will become. Some may like this others not. Our steady decline over the last 30 years from a great nation to a begger nation could have been avoided but greed triumphed over the public good .

hat tip to http://www.iamned.com good articles

The nation as a whole has changed morally and ethically for the worse and we are reaping what we have all sowed..

[land2341]

Advise your children to learn Hindi and Mandarin. The future languages of international commerce and wealth....­.

[mrcontinental]

And what is the target audience of the journal composed of? Explains everything.

[beckpod1]

How in the world could the Wall Street Journal get it right?
It doesn't deal with third world populations!

[JBS]

I think the important thing in the article is the reference to Will and Ariel Durant's "The Lessons of History".

They point out that such concentrations of wealth inequality appear to be inevitable over time, and that in turn inevitably leads at some point to some redistribution of wealth, a correction if you will, by "violent or peaceable” means.

What we're seeing in this country is the beneficiaries of this wealth inequality closing off of "peaceable" means of effecting a correction.

What will that leave?

[mcmutter]

the WSJ is nothing but a right-wing rag

if you want to know their position on something just tune in to FOX News

[realpolitic]

It is clear that with articles like this one The Wall Street Journal is becoming another Rupert Murdoch propaganda rag. Was there ever any doubt?

[CaptainHowdy2]

CAUTION: Monetary System Collapse

http://www.youtube.com/watch?v=m1VbGcaVvFM

[blueskybigstar]

This should be treason to misinform for the WSJ to misinform the public like this.

[JBS]

First Amendment protects the just and the unjust; iars as well as the truthful.

[blueskybigstar]

The first amendment does not cover a lot of things and should not cover this.

[research]

WSJ? that's a Murdoch rag, what did you expect?

[nopilikia]

But I'm sure it's fair and balanced.

[xrepublican]

Those aren't homeless people panhandling on the subway the Wall Street crowd takes to get to work... oh wait..... THOSE execs don't take the subway... they're all picked up by black car services..­...

The audience for the WSJ is happy with life in their bubble - and does not want to be reminded of the unpleasantries in the world.....­...... there's a reason all the rebuilt faux French Norman Chateau's being built in Greenwich, Scarsdale and North Jersey preserves of the wealthy have 6 foot high stone walls.