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Visualisation of global average income between 1820-'70s-2000

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Helsworth
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Post: #1
Visualisation of global average income between 1820-'70s-2000


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This post was last modified: 08.07.2015 18:40 by Helsworth.

07.07.2015 18:44
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debauchery
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Post: #2
RE: Visualisation of global income distribution over 200 years

Can you make any sense of this graph? I'm over here restructuring the Kushan Empire page on wikipedia and I can't make any sense of this graph.

07.07.2015 22:39
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Helsworth
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Post: #3
RE: Visualisation of global income distribution over 200 years

Essentially, there was more progress in the last 30 years between '70s to 2000 than in the last 120 years. The rich lost a bit; but who cares? They more than made up for it with the start of the financial crisis in 08 and up to the present.


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08.07.2015 00:15
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Lord Alexander
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Post: #4
RE: Visualisation of global income distribution over 200 years

Helsworth Wrote:
Essentially, there was more progress in the last 30 years between '70s to 2000 than in the last 120 years. The rich lost a bit; but who cares? They more than made up for it with the start of the financial crisis in 08 and up to the present.

Unfortunately this graph only shows the increase of average incomes, but not the rise of income equality.

According to the Chapter 11 of the report How Was Life? Global Well-being since 1820 the global income inequality has increased in the period between 1820 and 2000. It also has not decreased in the period between 1970 and 2000. Here is the link to the table from the Chapter 11 of the report that shows the development of situation with the global Gini coefficient:

http://www.keepeek.com/Digital-Asset-Man...-en#page10

08.07.2015 17:08
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Helsworth
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Post: #5
RE: Visualisation of global income distribution over 200 years

Quote:
Unfortunately this graph only shows the increase of average incomes, but not the rise of income equality.

Indeed.


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This post was last modified: 08.07.2015 18:31 by Helsworth.

08.07.2015 18:22
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Lord Alexander
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Post: #6
RE: Visualisation of global average income between 1820-'70s-2000

Uh, I have a feeling that in my previous post I poorly formulated my thought.

I tried to say that income equality has not increased in the world scale, and that the rich has not lost anything at all. Quite the opposite, in the period between 1970 and 2000 they became more numerous and increased their incomes.

Still the life of millions of poor people also improved dramatically in these 30 years due to overall growth of world economy and because many developing countries were able to somewhat catch up with the developed world. Between 1970 and 2000 in terms of households' income the world has not achieved greater equality, but became noticeably richer and slightly more uniform.

Edit: Yay, this is my 1000th post!

This post was last modified: 09.07.2015 00:20 by Lord Alexander.

09.07.2015 00:00
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