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V Or W Shaped Society?


ken_ichikawa

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Something I read somewhere written by somebody Japanese was that society is increasingly becoming polarised between haves and have nots so while we had a bell shaped distribution of wealth today we are now getting a V shape or was it W shaped.

I forget but it essentially said that there are the poor and the uber wealthy.

I can't remember what this was properly called or as to who wrote it any ideas?

Thanks

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Something I read somewhere written by somebody Japanese was that society is increasingly becoming polarised between haves and have nots so while we had a bell shaped distribution of wealth today we are now getting a V shape or was it W shaped.

I forget but it essentially said that there are the poor and the uber wealthy.

I can't remember what this was properly called or as to who wrote it any ideas?

Thanks

The distribution of earnings is positively skewed if thats any good to you. skewedpose1.jpg

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Nah it wasn't that it was something controversial whereby the bell curveish was no longer relevant and it became inverted.

That is what a bell curve looks like when its 'inverted', or at least heavily skewed. You've got frequency on the Y-axis and magnitude (pay) on the X-axis. The most commonly earned amount is lower than the median. Turn it through -90 degrees if that helps, look how it tapers to a needle point at the top of the 'pyramid'. Half the population is in the '****', the other half is in the 'scrotum' of poverty.

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That is what a bell curve looks like when its 'inverted', or at least heavily skewed. You've got frequency on the Y-axis and magnitude (pay) on the X-axis. The most commonly earned amount is lower than the median. Turn it through -90 degrees if that helps, look how it tapers to a needle point at the top of the 'pyramid'. Half the population is in the '****', the other half is in the 'scrotum' of poverty.

I think what he is suggesting is that there are 2 bell curves overlaid, with a double peak, 1 for people earning almost sod all, then a wealth gap in the middle, followed by a second peak of more wealthy.

For those with an interest in this type of thing, check out the Gini Coefficients.

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I think what he is suggesting is that there are 2 bell curves overlaid, with a double peak, 1 for people earning almost sod all, then a wealth gap in the middle, followed by a second peak of more wealthy.

For those with an interest in this type of thing, check out the Gini Coefficients.

Yeah thats the one

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I think what he is suggesting is that there are 2 bell curves overlaid, with a double peak, 1 for people earning almost sod all, then a wealth gap in the middle, followed by a second peak of more wealthy.

For those with an interest in this type of thing, check out the Gini Coefficients.

Bimodal distribution then.

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I think what he is suggesting is that there are 2 bell curves overlaid, with a double peak, 1 for people earning almost sod all, then a wealth gap in the middle, followed by a second peak of more wealthy.

For those with an interest in this type of thing, check out the Gini Coefficients.

Pedants corner says: a bimodal distribution then.

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  • 418 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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