Here is the second of a three-part posting:
As in the first part, there is a question:
Someone who is at the 90th percentile in terms of income obviously earns a multiple of the income of someone at the 10th percentile. Yesterday I asked, ‘what level of multiple would make you uncomfortable?’
Ideally I hope that one might get a figure in one’s head before going on.
Today I would ask you to guess what is the actual multiple in the United States? To be specific, I am referring to earned income for full-time work.
(Again, the idea is just that people consider the question. People can post an answer if they like. The third and final posting will be put up tomorrow.)