The most commonly used marker for income inequality is called the Gini coefficient. Most leftists regularly refer to it when they make claims like “inequality is rising every year” or “the income gap is now worse than ever and getting even worse.” But what is the Gini coefficient, and why is it misleading? The Gini coefficient is a ratio of income distribution developed by an Italian statistician named Corrado Gini. A coefficient of zero means everyone has exactly the same income. A coefficient Read more […]