A quick follow-up to last month’s OWS post. You may recall I speculated the 99% might be a little bit short when it comes to including the lower half of the income distribution. Well, over at The Atlantic Megan McArdle has a post about a neat little bit of data sleuthing done by the Daily Caller.
Using reasoning that any marketer would be proud of (in its simplest form the same logic provides the basis for every clustering and profiling scheme I’ve ever seen), DC looked up the addresses of the folks arrested at the orignal, New York outpost. And surprise, the median value of the homes at those addresses is about 2/3 higher than the national figure. Not surprising.
The whole post is worth a read because it takes on a lot of shibboleths about modern urban living. I just enjoy when the data backs up intuition.