I guess it goes without saying that the headline is clickbait. The difference isn't "an illusion". Rather, the article describes an insightful way of looking at incomes based on cost-of-living for different geographies.
The yawning difference between Asians and whites mostly disappears after accounting for geography. But it's still quite large versus other segments (blacks, hispanics).
Based on the headline, I was expecting to see income convergence among the four groups. Not the case at all.
The yawning difference between Asians and whites mostly disappears after accounting for geography. But it's still quite large versus other segments (blacks, hispanics).
Based on the headline, I was expecting to see income convergence among the four groups. Not the case at all.