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Owning an iPhone is the Number-One Way To Guess if You're Rich or Not, Research Finds (businessinsider.com)
An anonymous reader shares a report: In the United States, if you have an Apple iPhone or iPad, it's a strong sign that you make a lot of money. That's one of the takeaways from a new National Bureau of Economic Research working paper from University of Chicago economists Marianne Bertrand and Emir Kamenica. "Across all years in our data, no individual brand is as predictive of being high-income as owning an Apple iPhone in 2016," the researchers wrote. There are details and caveats to the research, but the economists found that owning an iPhone gave them a 69% chance to correctly infer that the owner was "high-income," which they defined as being in the top quartile of income for households of that type -- like single adult or couple with dependents, for example.
They defined high-income as in the top quartile. That's a lot of 'tile. Sure, owning a Bentley may predict higher incomes, but no use for predicting for top quartile.
Those who do not learn from commit history are doomed to regress it.
It seems to me that owning an iPhone shows that you are more concerned about image over function/capability.
This isn't 2007. Nobody is impressed by an iPhone.
I live in Europe. I can roam the whole continent and probably a lot further too with the same SIM card.
-- Cheers!
Eh, 70% or so of families lose their wealth in a single generation link. This narrative that there is no churn or mobility in the US seems like nonsense to me. Sure if you want to be middle class it is probably more of a struggle than in the past but it isn't like the rich are some separate species.
This is actually a serious philosophical question - the Raven paradox.
Let's say you want to prove a statement like "All ravens are black". This statement is logically equivalent to saying "If something is not black, it's not a raven."
Now let's say you find an apple, and it's green. That is a non-black object, which is not a raven. So the existence of a green apple is evidence in favor of the second statement ("If something is not black, it's not a raven"), which in turn supports the first statement.
But how can finding a green apple teach you something about ravens?
See above link for attempted resolutions.