Comments
NarcissusLovesEcho t1_j72kmxe wrote
I wonder what percentage of that top 1% in the DR is baseball players?
latinometrics OP t1_j72ldxc wrote
That's a great question! I would assume their income is more so reported in the US, though, no? (assuming you mean MLB players)
[deleted] t1_j72os4o wrote
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EspHack t1_j72pe4m wrote
lol that would have never crossed my mind, probably a rounding error
the country is basically a giant resort for remote workers at this point
patienceisfun2018 t1_j72q5jn wrote
Where's Haiti? I'm interested in the top 1% of zero.
Zul-Igg t1_j72qi25 wrote
I know that in latinoamerica there is a lot of informal employment that it's not taxed or registered. About 50%. So it's very hard to measure the actual numbers
In argentina with the high impositive pressure almost every business have some of their economy off the books / unreported and the ones that dont usually struggle financially because the whole system is broken.
Anyway I can't trust the precisión of these reports for latín américa because half of it is off the record
whatweshouldcallyou t1_j72tjgd wrote
The gang leaders declined to provide estimates of their income.
nosoyunrobot01 t1_j72uwzf wrote
Income inequality is not wealth inequality
killbeagle t1_j730cob wrote
And that's just income, not even assets...
SteveInMotion t1_j739uuh wrote
The operative word on that chart is “pre-tax“. In the United States for example, things get less unequal after everyone pays their taxes. In Latin America, where I lived and worked, the tax collection structure is far less effective and efficient than the United States IRS. PS to those who think the rich don’t pay enough taxes in the US, look it up. PPS to those wondering if I just used “efficient““ IRS“ in the same sentence, I did, but everything is relative.
dethblud t1_j73g5fm wrote
Happy to see yet another statistic that shows Uruguay at the top of its category. It's the most underrated country in the Americas.
parkermaster92 t1_j73n28v wrote
I’m dumb. What does the center line in the chart mean?
druffischnuffi t1_j73nfj2 wrote
The money is in France
Adventurous_Class_22 t1_j73rc5n wrote
Where's Ukraine on that map?
toshgiles t1_j73v4i3 wrote
This visual is so difficult to understand!
TatonkaJack t1_j73vo2g wrote
Based on the way the data is presented there’s no way that world average is correct
LordAcorn t1_j7426as wrote
Income is a terrible measure of equality because the rich don't make money by regular income.
TrinityF t1_j744s4m wrote
I have no idea how to read this chart.
RepresentativeFill26 t1_j744tjp wrote
Well, the Netherlands is low in this list because income is heavily taxed on the rich. Assets however aren’t and wealth inequality is much higher than this plot indicates.
RepresentativeFill26 t1_j7453ou wrote
It doesn’t mean anything, just a way to plot more data points around the center.
the29thyaya t1_j745d6e wrote
i wonder how this chart would look if the cia wasnt whack a mole'ing socialist uprisings for the past 50 years
xjitz t1_j745wcn wrote
im p sure thats the mean not the average
TrinityF t1_j746fas wrote
Honestly, I have no idea who lives in Uruguay, what they do, what the country does and how they live in such seemingly remote obscure area, from my comfy chair in Europe.
The only thing heard of it that intrigued me was people saying the country’s architecture is like Europe but in South America and the people living there look like people from Spain mixed with indigenous minorities.
... And TIL: Uruguay has a Florida. And their winter are warm, and their summers are cold, compared to the Northern Hemisphere. When Europe is having their summer in the middle of the year, Uruguayans are enjoying the coolest weather of the year.
This is all quite fascinating.
I had once planned to take time off and spent a year travelling in South America, but then I got married 😥 I wanted to go to the most southern point of South America.
WhiteWashTXP t1_j748qhv wrote
Can you show me some information that shows that inequality in the US is better after tax please?
Here is some information that is very factual: http://piketty.pse.ens.fr/en/capital21c2
dethblud t1_j74a3sw wrote
Yep, Uruguay is an amazing place. Great food, good standard of living, progressive and representative government. I really want to go back.
warren_stupidity t1_j74ax6o wrote
Income is interesting but wealth is more interesting.
SteveInMotion t1_j74khhg wrote
The Piketty-Saez data ignore changes in tax law and fail to count noncash compensation and Social Security benefits.
X0AN t1_j74kve9 wrote
Every country is still too high tbf.
[deleted] t1_j74qh8d wrote
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[deleted] t1_j74sq9x wrote
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pocketbookashtray t1_j74wzeb wrote
Or if socialism hadn’t been rampant and made those dictators.
TomatoFirm116 t1_j74xnxo wrote
Politicians own mexico. The people are just their pawns. Cartels control the people, with permission from the government. Cartels exist because the government needs them.
melanthius t1_j74zp1c wrote
You kinda just made me want to go there
melanthius t1_j7501fg wrote
Instantaneous function vs integral
CIean t1_j752fx7 wrote
dont look up "Dirty War"
DataMan62 t1_j755u2j wrote
You do understand that summer in the Southern Hemisphere happens during our winter and vice versa??
kaizerdouken t1_j7563ib wrote
in Dominican Republic you can have a home worker who will do your laundry every week and cook on weekdays, you come home at 12pm and lunch is served every day. You don’t even have to be rich, just have your office of something. $200-300 a month gets you that.
Why should I care about inequality if I lived there? Having affordable food cooked from scratched, having the house cleaned every day and having laundry done every week. I’m not letting go of that.
DataMan62 t1_j7563yd wrote
One does not hold income. One holds savings and wealth. Your title and one user comment make me wonder whether you’re using wealth or income data.
mexicanlefty t1_j756cy1 wrote
Yeah no surprise im mexican and here 60% or more of the country is low class and the elite is like 0.something, im thankful im middle high class but the standard of living would rise so much if we could get more people to the middle class, sadly both the government and of course the cartel f@#% up anyone that wants to have its own business.
DataMan62 t1_j756et2 wrote
There’s a lot more involved than just mathematical integration because most people have no savings to integrate.
DataMan62 t1_j756ol7 wrote
Anything written by the Murdoch Street Journal or about Phil Gramm is suspect.
atraviliario t1_j757ob4 wrote
... any country colonized by Spain will look like that. Cause, yk, they killed almost all the indigenous people. It's nothing special. You can also learn today that in all of the south hemisphere the seasons are "reversed". It isn't that the summers are cold, it's winter here and summer where you are, at the same time.
felipec t1_j7587d3 wrote
That's irrelevant. In Mexico there's a survey to determine income, people who work informally are counted.
black_pijama10 t1_j7588yw wrote
I life in Mexico and I agree with this
felipec t1_j758a59 wrote
But it's the one that can be measured.
imregrettingthis t1_j75ch13 wrote
I would love to see one of these for the 1% minus the top .1 percent.
imregrettingthis t1_j75cm85 wrote
what about every other country?
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It's an even greater disparity if they measure for this in one country and not another, and there is no way you can tell me they survey they same in every country.
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How could you say this is irrelevant?
nck5959 t1_j75csi0 wrote
“Beautiful” has become such a loose term.
Zul-Igg t1_j75dcxz wrote
That is relevant* FTFY
Important_Sound5151 t1_j75f9qn wrote
There is a grey area there because income often generates wealth.
beepbeepboopbeep1977 t1_j75fnzs wrote
Yeeeaaah, but I think I prefer ‘cold summer’ and ‘hot winter’. Then I can say stuff like “next cold summer let’s go skiing in Queenstown”. It’ll be weird at first, but I reckon it’ll really catch on. And then we can finally have Christmas in winter, just like in the movies!
YimmyTheTulip t1_j75gptj wrote
Where is Venezuela? A ton of people are asking about countries that are not Latam, so they shouldn’t expect them to be labeled. But Venezuela should be.
Local_Working2037 t1_j75he8s wrote
I was going to say. One of the highest incomes, human development index, healthiest, cleanest, etc.
tradtrad100 t1_j75hfzr wrote
Ah yes. The USA that has an analogous wealth distribution to Belize. You love to see it.
[deleted] t1_j75j7ir wrote
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CreepySecretary7697 t1_j75jifv wrote
not necessarily. Peru was also colonised by Spain and they have way more indigenous traits than Uruguayans. Uruguay is the whitest country in Latin America, and if you go there you’ll see everyone looks just like Spaniards and Italians, due to the immigration Uruguay received from these countries.
Dumguy1214 t1_j75kmjy wrote
some parts of the church tried to babtise them and educate
they would die of common cold en mass
Dumguy1214 t1_j75l6vd wrote
fun fact, the clintons wanted to modernize Haiti in the 90s, a country that could feed it self was told to stop farming and start working in factories
this had a terrible affect, especially after the earthquake
Hillary pocketed 2 billion dollars of relief cash and as the leader of operations she gave her friends mining permits on protected land
Suspicious-Kiwi816 t1_j75nyrc wrote
I would have expected Qatar and USA to be further apart than they are 😢
deniesm t1_j75rkm6 wrote
I wish The Netherlands was in Latin America
Wouter_van_Ooijen t1_j75sqv3 wrote
Dutchie here: proud to be at the very tail!
EpsomHorse t1_j75stuf wrote
> ... any country colonized by Spain will look like that.
You need to do some backpacking!
Argentinians are indeed mostly European, because (1) there was almost no slavery there, (2) the country carried out a genocide against its indigenous population between about 1870 and 1890, and (3) it received massive numbers of European immigrants between about 1880 and 1930.
The average Chilean, on the other hand, has about a 44% indigenous admixture and a 55% European one, with 1%-2% African DNA.
Peru, Bolivia, Ecuador, Paraguay and much of Central America is even more indogenous than Chile.
The Dominican Republic's population is almost entirely of African descent.
And so on.
Latin America is tremendously heterogenous.
EpsomHorse t1_j75t6sw wrote
> I wonder what percentage of that top 1% in the DR is baseball players?
Just the smallest handful.
Every single country in Latin America except Cuba is dominated by a small number of oligarch families that own just about everything and everyone of any value. Most of these families have been in this position for centuries.
This is the legacy of Spanish colonization, and its why the entire continent of South America is way less developed than it should be.
EpsomHorse t1_j75t9ao wrote
> Hillary pocketed 2 billion dollars of relief cash and as the leader of operations she gave her friends mining permits on protected land.
Any source besides your ass?
suaveElAgave t1_j75tqfh wrote
This chart is a great visual example for showing why the mean is not a robust metric. Would be nice to see the median.
Dumguy1214 t1_j75u0ce wrote
Its a simple google search, many stories in many papers
if Americans would google things then they would not be trolled by 4chan for years
Hapankaali t1_j75wndc wrote
These are pre-tax numbers.
felipec t1_j75wspj wrote
Explain to us how the amount of people in informal employment affects Mexcio's ENIGH survey.
[deleted] t1_j75xago wrote
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felipec t1_j75xd9x wrote
> what about every other country?
I don't know about other countries, but it's not like every country is inventing statistics from scratch. International organizations do create guidelines for how income surveys should be conducted precisely because it's very easy to miss something otherwise.
Here's a handbook from the United Nations Economic Commission for Europe (UNECE) with 208 pages explaining how income statistics should be gathered and why: Canberra Group Handbook on Household Income Statistics, 2nd edition.
Not all countries follow every one of the recommendations, but it's not like no one has thought of informal employment ever. Everyone in the field already knows tax data cannot be relied for income statistics.
SynbiosVyse t1_j75z0de wrote
Probably no data available, but I'd expect it to be on the extreme polarized side.
SynbiosVyse t1_j75z46n wrote
Do you live under a rock?
capi-chou t1_j760nhj wrote
I guess it's not an average but a worldwide value.
[deleted] t1_j76688i wrote
MonteCarlisle t1_j766imu wrote
True, steve jobs had a taxed salary of $1...
patiperro_v3 t1_j766xn4 wrote
You should. Keep it up. 👍
LVMagnus t1_j76eldj wrote
Maybe take the partner on said trip? The two are hardly mutually exclusive, and if your partner tells you it is them or your dreams, maybe reconsider life choices 🤷
[deleted] t1_j76gj7y wrote
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imregrettingthis t1_j76icny wrote
Wow. Instead of just saying. “Yea I was wrong”. You are now completely moving the goal post.
Is it relevant. Yes.
Now you’re talking about whether we should rely on tax data?
I guess you’re showing us how you were wrong in a very round about way. Thanks I guess?
FahkDizchit t1_j76jim0 wrote
Is this where you’re getting the $2 billion figure?
“In its defence, the Clinton Foundation - which has raised more than $2bn from over 330,000 donors since its 2001 launch - points to its A rating from philanthropic monitors.”
If so, that doesn’t say what you think it does.
imregrettingthis t1_j76mfln wrote
Why would they explain that to you when thats just you moving the goal post and has nothing to do with the topic and in no way backs up your claim.
This is about a comparison of countries not how Mexico’s survey is run without any larger context.
Now explain why you don’t get that?
Dumguy1214 t1_j76oe5q wrote
you cherry picked that one, of that amount 88% was spent on program expenses which includes training 2000 women with job skills (11,5 million live in Haiti)
She was supposed to take care of the program
of $9 billion, $34 million founds it way to Haiti locals
FahkDizchit t1_j76s45r wrote
I’m trying to find support for your statement that “Hillary pocketed 2 billion dollars of relief cash”. Dude asked you for support for that and you linked to the BBC article. That was the only mention of $2 billion in that article. I didn’t cherry pick shit.
Maximum-Mixture6158 t1_j76ss29 wrote
I guess cost of living is really high.
Dumguy1214 t1_j76v0ut wrote
ok Hillary did not take 2 billion for own wallet, you must admit the whole operation was exemsunally badly runned to down right criminal
$13.3 billion that donors promised over 10 years remains uncollected.
She was in charge
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DarkFish_2 t1_j76xd8c wrote
Look for a country, then check it's position in the X-axis, the percentage shown is the amount of wealth held by richest 1%
SenjorSchnorr t1_j771fjg wrote
We do well concerning income inequality. We don't score as good when looking at wealth inequality.
Concerning income, according to the graph top 1% earn ~6% of income. Top 1% richest people account for 26% of the total wealth in the country.
SenjorSchnorr t1_j771vcn wrote
Its about income inequality, not wealth inequality
Nanocephalic t1_j773er8 wrote
Income? Or wealth? These are not the same thing at all.
saka-rauka1 t1_j775p71 wrote
Something like Russia perhaps.
ArbitraryOrder t1_j7793q1 wrote
This is income not wealth
[deleted] t1_j77at63 wrote
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[deleted] t1_j77b1sk wrote
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tradtrad100 t1_j77lnla wrote
My bad. Income distribution then. Same logic applies
ArbitraryOrder t1_j77ofgp wrote
I'm not sure that really means much intrinsically. Just look at these graphs showing the United States vs the ither G7 nations Income at each decile PPP adjusted, I'm not sure you can say that the Gini Coefficient being higher means much when the middle deciles in the United States have higher incomes.
https://dart.lisdatacenter.org/dart
Sort by the following:
- Equilivalised Disposable Income
- Median (PPP in $ USD)
- Income Deciles
tradtrad100 t1_j77oqiu wrote
Ok proportional income distribution then
EpsomHorse t1_j77rtje wrote
Your source says nothing like what you say it says:
> He said protesters from his small activist group, the Committee to Mobilize Against Dictatorship in Haiti, will continue to level their allegations - so far all unproven - if the Democratic candidate wins the White House.
Edstructor115 t1_j7921lx wrote
My LATAM intuition tells my that more than likely they are somewhere close to the top but not the highest
felipec t1_j79d24u wrote
> This is about a comparison of countries not how Mexico’s survey is run without any larger context.
It's the same thing, and I already explained why.
felipec t1_j79d53c wrote
> Wow. Instead of just saying. “Yea I was wrong”.
I am not wrong.
LittleOneInANutshell t1_j79x2rn wrote
Just learnt it's a rather small country by population and half of it lives in and around the capital. Maybe that helps?
TrinityF t1_j7aevj6 wrote
It's safe to say that I did, in fact, not know that.
DataMan62 t1_j7ew8gz wrote
Look up the Earth's axis tilt and how it and the earth's revolution around the sun combine to cause the sun to appear to move northward from (Northern) winter solstice to summer solstice and southward from June 20 to Dec 20. I guess I was lucky that Mrs. Collins spent a lot of time on the Earth and the Solar System in 3rd grade.
nkj94 t1_j7fvzlq wrote
Why are 80% of Dots on the left side of the world average?
CptCarpelan t1_j7hps9p wrote
Wait until you hear about Paraguay. At least the reason for their obscurity can be explained since Brazil stole their entire national archive in the 1870s after the coalition war.
latinometrics OP t1_j72imkb wrote
Source: World Inequality Database
Tools: Excel, Rawgraphs, Affinity Designer
From our newsletter:
There’s no way to sugarcoat it: the pandemic has only worsened the problem of global economic inequality.
Perhaps nowhere is this more true than in Latin America, which has been named the most unequal region in the world by, among others, the United Nations and the International Monetary Fund.
But while it’s not breaking news that global crises further inequalities and concentrate more wealth in the hands of the rich, it may surprise you to learn where this is most the case.
The Dominican Republic, Peru, and Mexico are all among the most unequal countries in the world per World Inequality Lab figures, with the top 1% of each country earning between 25-30% of the country’s total income.
Yes, you read that right. The richest 1% of Mexicans earn over a quarter of the money flow in the country; the richest Dominicans, nearly a third.
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