More Misc. on Zero to One....

[Mark Kohut]

As James Lindsay points out on CNN.com/GPS: "What does economic inequality in the United States look like compared to the rest of the world? To answer that question you need to know a bit about the Gini coefficient, the most common metric economists use to measure inequality. The Gini coefficient runs on a scale from zero to one, with zero indicating total equality and one indicating total inequality (that is, one person has all the income and everyone else has nothing). Based on data from 2005, the last year for which comparable data are publicly available, the United States had one of the highest levels of income inequality among OECD nations."