« Wireless connection in your head | Gene Expression Front Page | Possible suspect held »
September 27, 2003

Increased poverty

This article reports what I assume everyone expected-incomes fell during the recession. It begins with the assertion that "The worsening economic conditions fell heaviest on Midwesterners and nonwhites." It then proceeds to present a parade of percentages (alliteration unintentional). What I find curious is that I would like to know absolute numbers-for though minorities suffered, I suspect that whites were a majority, especially when you add the smaller group of non-Midwestern whites, of those who experienced the downward pressure toward poverty. Interestingly, Asian Americans sufferred a 4.5% drop in median income (vs. 3% drop for blacks and 2.9% for Hispanics). This might be the result of their concentration in IT, where salaries were inflated for several years in the late 90s and have dropped back down to earth.

Posted by razib at 01:45 AM