Home > Economics > Comparing Inequality

Comparing Inequality

Kim Jong Il’s death has a lot of people talking about the terrible suffering in that totalitarian state. Comparing it to the world and to South Korea in particular provides a useful perspective. Income inequality in the US is nothing compared to the misery caused by Kim Jong Il, but I found it fascinating how similarly economic inequality looks comparing North and South Korea with the top 1% and the lowest quintile in the United States.

Can you guess which graph is Per Capita GDP for North vs South Korea and which graph is US real average after-tax income?

Answer after the jump:

And people wonder why inequality concerns people.

(CBO data) (World GDP data)

Advertisements
Categories: Economics Tags: ,
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: