Archive for March 22nd, 2013

Often statistics is used in the media with the intention to emphasize some disparity. And whenever the topic is wages, the distinction between disparity and inequality becomes blurred. Economist Thomas Sowell describes the absurdity of this perspective:

Nowhere in the world do you find this evenness that people use as a norm. And I find it fascinating that they will hold up as a norm something that has never been seen on this planet and regard as an anomaly something that is seen in country after country.

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