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This morning’s page-one Wall Street Journal story on incomes in America contains many bungled facts and concepts in a single sentence, giving a false impression about income distribution in America.
The piece follows the curious look at the fortunes of the rich published August 20 by The New York Times, which examined the anomalous case of one man who blew his fortune and, like the Journal, speculated on data that does not yet exist to conclude that “over the last two years, they have become poorer…. Just how much poorer the rich will become remains unclear.”
These reports display a puzzling sympathy for the best-off in America, part of a trend that I believe has helped cost newspapers readers—identifying with the concerns of the comfortable, often without context about the woes of the afflicted.
Both papers left out significant news about how much the incomes of a very few soared and how tens of millions have been getting by for decades with virtually no increase in their incomes. The bottom 90 percent of Americans, for example, earned incomes in 2007 that were 1.7 percent less than in 2000, the equivalent of working fifty-two weeks but getting paid for only fifty-one, facts not mentioned in either newspaper, while the top 1 percent during the same period saw their incomes rise 12 percent. The average increase alone was $145,300, which is more than four times the average income of each taxpayer in the bottom 90 percent.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Flor Arely Sánchez had been in bed with a fever and pains throughout her body for three days when a July thunderstorm broke over the mountainside. She got nervous when bolts of light flashed in the sky. Lightning strikes the San Julián region of western El Salvador several times a year, and her neighbors fear storms more than they fear the march of diseases — first dengue, then chikungunya, now Zika. Flor worried about a lot of things, since she was pregnant.
Late in the afternoon, when the pains had somewhat eased, Flor thought she might go to a dammed-up bit of the river near her house to bathe. She is thirty-five and has lived in the same place all her life, where wrinkled hills are planted with corn, beans, and fruit trees. She took a towel and soap and walked out into the rain. Halfway to the river, the pains returned and overcame her. The next thing Flor remembers, she was in a room she didn’t recognize, unable to move. As she soon discovered, she was in a hospital, her ankle cuffed to the bed, and she was being investigated for abortion.
Average duration of a Japanese prime minister’s tenure since August 1993, in months:
Brain shrinkage has no effect on cognition.
An Indianapolis fertility doctor was accused of using his own sperm to artificially inseminate patients, and a Delaware man pleaded guilty to fatally stabbing his former psychiatrist.
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”