Larry Bud says:

Hmmm, I see a a vast stagnation from 2000-2008, weird.

bobbo, liberal, conservative and pragmatic says:

The performance of Asians should also always be posted. They run counter to so many trends “observed” when only blacks and Hispanics are included.

Mac Guy says:

What about interracial couples? Where do my Hispanic wife and my lily-white ass fit in?

LibertyLover says:

And the interracial, mixed race couples! (my wife is part Cherokee).

It is interesting to note the relatively flat income level (10% over the time period).

Inflation was over 50% during that same time period (not counting food and energy, though 🙂 )

Mark T. says:

Mac Guy, um, does your lily-white ass make more money than your Hispanic wife?

round_guy says:

Look up the census numbers. Asian Americans really
are “off the chart” shown here.

Awake says:

Don’t you all know that you shouldn’t listen to NPR… it is completely biased… instead you should be listening to Glen Beck and Rush Limbaugh for their unbiased wisdom about everything.

Seriously though, if you are interested in current economics, you should make Planet Money one of your main listens. 15 minutes daily explaining economic theory and current events and facts at a level that we can all understand. Really good radio / podcast. If you have time for Dvorak’s podcasts, you certainly have time for this. Just a couple of days ago they covered tariffs… very enlightening.

George says:

Here is a different graph from census.gov giving a taste of what the missing data would look like.

http://census.gov/hhes/www/income/img/hhold2.gif

Asians are the highest earning group. They must be oppressing everyone.

pedro's Mom is horny as Goat Weed says:

# 13 pedro,

Here some pesos!! I need you to go out and find me some hunka, hunka burnin love.

I can only do so much self delight before I need the feel of man meat around me.

pedro, honey, find me another monster loving man, like last time, who can ride me…hard!!!!

I’ll even make a brother for you, pedro jr.

Maybe you can ask your friend
# 12 Alfred1 over. I know he is high strung, but his kind is a beast when I get on top. I’ll even eat some Alfredo Sauce!!!

Now go pedro, find me monster loving man meat, NOW!!!!!!!!!!!!!!!

jccalhoun says:

Liberal lunacy demands there be victims…so the opposition can be demonized…and logical fallacy…

To illustrate, every Obama speech has elements of both devices…

And posts by ultraconservatives never claim they are victims or demonize everyone who disagree with them and their logic is always impeccable even if they don’t know what logic is…

Faxon says:

#23 “Correlation is not causation”
How about this…. no workie, no payie.

smittybc says:

As a former economics professor I can tell you that we don’t spend a lot of time dealing with this sort of information. I wouldn’t classify this as an economic report. Disparity of income is more something to be dealt with by a sociologist or political scientist. Economists usually understand that in a capitalist system you have two distinct choices with individual income; equality of outcome or economic freedom. You can’t have both.

The second thing that’s troubling is the obsession with racial groups by said sociologists and political scientists. Where I used to teach, a public university, about 1/3rd of the student population was classified as “Asian”. By the university, that is, not by themselves. Mostly, they were Koreans, divided into religious (mainly identified themselves as Baptist) and secular camps, who had the audacity to call themselves Americans. This “block” of Korean-Americans, culturally and politically, are very unlike Chinese-Americans, who are nothing like Filipino-Americans, who are completely different from Japanese-Americans, who have very little in common with Indian-Americans, who are absolutely distinct from Vietnamese-Americans. And so on and so forth. But all are classified by the sociologists as “Asian”.

The one big thing that I get from such a graph is no matter what you do as a “cultural group”, make sure you never let the Democrats get their hooks into you. It looks like giving the Democrats 90% of your vote is the worst choice of all available, whatever political party happens to be in power.

noname says:

# 29 ECA,

You got my vote.

When you commute back and forth between Pendleton and NY I think you should get the same janitor wage!

Tell the boss, noname said so.

noname says:

Over the last year it looks like all groups are beginning to converge on income equality, that is, 0$.

Way to be globally competitive Americans, work for free. We’ll show those Chinese who can work harder for less or nothing. We don’t need no stinking environmental or worker protection laws

On a more serious note, the graph says more then half of American’s make less then 50K (even the one’s who have the audacity to call themselves Americans as
# 28 smittybc said).

All this does not bode well for Americans. America can’t finically support a market where the Median housing prices double, like it did between 1998 and 2006 while their incomes went up briefly 15%. People did this because people thought their house would pay for itself. Now current projections are that 48% of mortgage holders could owe more on their homes than the property is worth by the first quarter of 2011. Then on top of that all the credit card debt that Americans have, because they mistakenly thought their houses would increase in value.

My question is, why is the stock market approaching 10k when the consumer is not consuming??

qb says:

When an article shows up that could be perceived as reflecting poorly on whites the right wing types bring out the “racist” and “fairness” complaints. If I didn’t know better I’d say they were 60’s style liberals.