Monday, October 6, 2014

Pavlina Tcherneva — A response to Forbes’ Scott Winship

After the chart went viral online and was featured in the New York Times, Slate, Vox, NPR, CNN, and multiple other outlets, Forbes’s Scott Winship posted, as far as I can tell, the only challenge to the graph. 
Winship goes through a series of adjustments using data from Piketty-Saez and the CBO to produce, in his words, a “very different” picture.
New Economic Perspectives
Growth and Inequality in the U.S.: when “shared prosperity” means shared by the very few
Pavlina Tcherneva

2 comments:

Matt Franko said...

I don't know why one would want to count income from Medicare and Medicaid and VA but meanwhile not count income from Social Security. ..

Magpie said...

Winship's career as opinion-maker is interesting.

He started working for Third Way, a centre-left think tank founded by Wall Street people linked to the former Clinton Administration. You know, the Bill Clinton/Tony Blair kind of technocratic, pragmatic people.

From there Winship moved to the Brookings Institution (centre?)

Now he is at Manhattan Institute (conservative).

In a few years, he may as well be at American Enterprise or Cato. Mark my words.