Comments on: Average Income in the United States http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/ Making the "Invisible Hand" Visible Thu, 28 Aug 2008 05:42:37 +0000 http://wordpress.org/?v=2.3.3 By: Connelly Barnes http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-18150 Connelly Barnes Sat, 03 May 2008 21:30:26 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-18150 Really nice graph! I liked that you priced it in nominal dollars, although gold-PPP dollars, real dollars, and Joules-PPP I also find interesting (Joules-PPP being based on average residential power costs. I plotted this once; it showed energy recesssions quite clearly. Perhaps due to being a scientist, I find treating a person's income in Joules more meaningful than using meaningless units such as dollars.) Really nice graph! I liked that you priced it in nominal dollars, although gold-PPP dollars, real dollars, and Joules-PPP I also find interesting (Joules-PPP being based on average residential power costs. I plotted this once; it showed energy recesssions quite clearly. Perhaps due to being a scientist, I find treating a person’s income in Joules more meaningful than using meaningless units such as dollars.)

]]> By: Network marketing made simple http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-18138 Network marketing made simple Fri, 02 May 2008 15:13:17 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-18138 <strong>Network marketing made simple...</strong> Ok so direct sales is not for everyone ... or is it. When you use a simple process to show potential customers your products, services, and business; you out source to others what you struggle with yourself ... just like corporate America. If it works ... Network marketing made simple…

Ok so direct sales is not for everyone … or is it. When you use a simple process to show potential customers your products, services, and business; you out source to others what you struggle with yourself … just like corporate America. If it works …

]]> By: Wealth Created Fast http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-18085 Wealth Created Fast Tue, 29 Apr 2008 13:03:35 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-18085 <strong>Wealth Created Fast...</strong> that's a great point, however, stop and think about what would happen if you just did it right. I mean you simply approach you business doing right by people, and pursuing excellence. Learn what excellence in Home Business Can do for you, just like it... Wealth Created Fast…

that’s a great point, however, stop and think about what would happen if you just did it right. I mean you simply approach you business doing right by people, and pursuing excellence. Learn what excellence in Home Business Can do for you, just like it…

]]> By: Vam http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-16749 Vam Fri, 28 Mar 2008 15:12:47 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-16749 I would like to ask for more information about the graph and what you came up with because I had planned on using this graph for a basis to wright a paper for class, and the information just isnt jumping at me. i understand the graph just fine and it does have good information but the paragraph doesnt really tell you anything. I would like to ask for more information about the graph and what you came up with because I had planned on using this graph for a basis to wright a paper for class, and the information just isnt jumping at me. i understand the graph just fine and it does have good information but the paragraph doesnt really tell you anything.

]]> By: iFreud http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-9941 iFreud Sun, 30 Dec 2007 17:04:18 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-9941 1957 to 2007 simple daily costs and where US Federal Minimum Wage would be today at same growth rate: postage stamp .03 to .41 = 5.241% = $13.66 gasoline .24 to $3 = 5.062% = $12.50 bread .19 to $2.50 = 5.165% = $13.16 avg income $4,494 @ 5.156% avg = $58,863 1957 to 2007 simple daily costs and where US Federal Minimum Wage would be today at same growth rate:

postage stamp .03 to .41 = 5.241% = $13.66
gasoline .24 to $3 = 5.062% = $12.50
bread .19 to $2.50 = 5.165% = $13.16

avg income $4,494 @ 5.156% avg = $58,863

]]> By: sceldilsMyday http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-9434 sceldilsMyday Wed, 19 Dec 2007 02:40:53 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-9434 I'm sorry if this is off-topic, but I need some feedback. Do you think extended auto warranties a good deal? Thanks in advance for your input. I’m sorry if this is off-topic, but I need some feedback. Do you think extended auto warranties a good deal?
Thanks in advance for your input.

]]> By: naisioxerloro http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-8391 naisioxerloro Wed, 28 Nov 2007 15:47:45 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-8391 Hi. Good design, who make it? Hi.
Good design, who make it?

]]> By: BradATG http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-8004 BradATG Tue, 20 Nov 2007 23:17:11 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-8004 Great site, and very interesting info. I linked to you from our site, and just wanted to say thanks. Keep up the good work. I will check back often. I think it would be interesting to see your poverty map and income inequality maps juxtaposed together. Great site, and very interesting info. I linked to you from our site, and just wanted to say thanks. Keep up the good work. I will check back often.

I think it would be interesting to see your poverty map and income inequality maps juxtaposed together.

]]> By: Jim Brown http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-7949 Jim Brown Mon, 19 Nov 2007 18:44:47 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-7949 How about median income--not average? Average income is affected by the extreme rich. Median income would be more helpful and indicative of the state of earning in the US. How about median income–not average? Average income is affected by the extreme rich. Median income would be more helpful and indicative of the state of earning in the US.

]]> By: Chris Johnson http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-7919 Chris Johnson Sun, 18 Nov 2007 20:21:24 +0000 http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/#comment-7919 1) Income without adjustment fro inflation is meaningless 2) anybody who is using government supplied inflation data obviously does not understand what he/she is doing 3) for a more detailed look at how US government mis-informs about inflation - check out http://www.shadowstats.com 4) RE: Erik Khost comments : a) Erik, you wrote : "Due to the high average income, the poverty level in Norway is 50% higher than the EU average." - I suggest you re-read this sentence a few times and ask yourself what it means b) you imply that equality of income is a good thing - maybe in a Russian Gulag - among free people, we are happy with equality of opportunity c) any economic analysis of Norway should have a big asterisk - Norway results can only be compared to other small countries sitting on large oil reserves - Wait until Norway runs out of oil, give the population 20 years to eat the accumulated reserves, then we can run comparisons with other countries 1) Income without adjustment fro inflation is meaningless
2) anybody who is using government supplied inflation data obviously does not understand what he/she is doing
3) for a more detailed look at how US government mis-informs about inflation - check out
http://www.shadowstats.com

4) RE: Erik Khost comments :

a) Erik, you wrote : “Due to the high average income, the poverty level in Norway is 50% higher than the EU average.” - I suggest you re-read this sentence a few times and ask yourself what it means

b) you imply that equality of income is a good thing - maybe in a Russian Gulag - among free people, we
are happy with equality of opportunity

c) any economic analysis of Norway should have a big asterisk - Norway results can only be compared to other small countries sitting on large oil reserves -
Wait until Norway runs out of oil, give the population 20 years to eat the accumulated reserves,
then we can run comparisons with other countries

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