Are You Rich?
David Kocieniewski explains that most folks compare themselves to people who have higher incomes than themselves when defining wealth. In other words, "I'm not rich because the guy down the street (on the other side of town, wherever) has more money than me. That's what rich is." It seems we never compare ourselves with those who actually have less than us until we reach the Bill Gates level of wealth.
Speaking of rich people, have you seen Ken Burns' latest baseball film on PBS? The film points out that in the 1970s when the medium income for American households was $15,000 the average salary for a major league baseball player was in the neighborhood of $45,000. Today, when the average American family's household income is $50,000, the average baseball salary is $2,400,000.
Just in case you're waiting for Superman …
Gail Collins points out some of the issues raised by the new documentary film that has grade school teachers everywhere in tears. Spoiler alert: This film is about how highly we value lotteries and sentimentalism over hard work and persistence. By the way, the evidence demonstrates that charter schools overall provide no better education than do public schools and about one-third of them are worse.
David Kocieniewski explains that most folks compare themselves to people who have higher incomes than themselves when defining wealth. In other words, "I'm not rich because the guy down the street (on the other side of town, wherever) has more money than me. That's what rich is." It seems we never compare ourselves with those who actually have less than us until we reach the Bill Gates level of wealth.
Speaking of rich people, have you seen Ken Burns' latest baseball film on PBS? The film points out that in the 1970s when the medium income for American households was $15,000 the average salary for a major league baseball player was in the neighborhood of $45,000. Today, when the average American family's household income is $50,000, the average baseball salary is $2,400,000.
Just in case you're waiting for Superman …
Gail Collins points out some of the issues raised by the new documentary film that has grade school teachers everywhere in tears. Spoiler alert: This film is about how highly we value lotteries and sentimentalism over hard work and persistence. By the way, the evidence demonstrates that charter schools overall provide no better education than do public schools and about one-third of them are worse.
Labels: Education, Politics, The Economy
posted by Jim | 11:27 AM
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