economics

100 posts
Does this chart tell the sordid tale of T1’s decline?

The Hustle has an interesting article on the demise of the T1 calculator, which is popular in business circles. The article uses this bar chart: From a Trifecta Checkup perspective, this is a Type DV chart. (See this guide to the Trifecta Checkup.) The chart addresses a nice question: is the T1 graphing calculator a victim of new technologies? The visual design is marred by the use of the calculator...

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Pulling the multi-national story out, step by step

Reader Aleksander B. found this Economist chart difficult to understand. Given the chart title, the reader is looking for a story about multinationals producing lower return on equity than local firms. The first item displayed indicates that multinationals out-performed local firms in the technology sector. The pie charts on the right column provide additional information about the share of each sector by the type of firms. Is there a correlation...

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Women workers taken for a loop or four

I was drawn to the following chart in Business Insider because of the calendar metaphor. (The accompanying article is here.) Sometimes, the calendar helps readers grasp concepts faster but I'm afraid the usage here slows us down. The underlying data consist of just four numbers: the wage gaps between race and gender in the U.S., considered simply from an aggregate median personal income perspective. The analyst adopts the median annual...

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Powerful photos visualizing housing conditions in Hong Kong

I was going to react to Alberto's post about the New York Times's article about economic inequality in Hong Kong, which is proposed as one origin to explain the current protest movement. I agree that the best graphic in this set is the "photoviz" showing the "coffins" or "cages" that many residents live in, because of the population density.  Then I searched the archives, and found this old post from...

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What is a bad chart?

In the recent issue of Madolyn Smith’s Conversations with Data newsletter hosted by DataJournalism.com, she discusses “bad charts,” featuring submissions from several dataviz bloggers, including myself. What is a “bad chart”? Based on this collection of curated "bad charts", it is not easy to nail down “bad-ness”. The common theme is the mismatch between the message intended by the designer and the message received by the reader, a classic error...

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Clarifying comparisons in censored cohort data: UK housing affordability

If you're pondering over the following chart for five minutes or more, don't be ashamed. I took longer than that. The chart accompanied a Financial Times article about inter-generational fairness in the U.K. To cut to the chase, a recently released study found that younger generations are spending substantially higher proportions of their incomes to pay for housing costs. The FT article is here (behind paywall). FT actually slightly modified...

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Clarifying comparisons in censored cohort data: UK housing affordability

If you're pondering over the following chart for five minutes or more, don't be ashamed. I took longer than that. The chart accompanied a Financial Times article about inter-generational fairness in the U.K. To cut to the chase, a recently released study found that younger generations are spending substantially higher proportions of their incomes to pay for housing costs. The FT article is here (behind paywall). FT actually slightly modified...

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Clearing a forest of labels

This chart by the Financial Times has a strong message, and I like a lot about it: The countries are by and large aligned along a diagonal, with the poorer countries growing strongly between 2007-2019 while the richer countries suffered negative growth. A small issue with the chart is the thick forest of text - redundant text. The sub-title, the axis titles, the quadrant labels, and the left-right-half labels all...

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Clearing a forest of labels

This chart by the Financial Times has a strong message, and I like a lot about it: The countries are by and large aligned along a diagonal, with the poorer countries growing strongly between 2007-2019 while the richer countries suffered negative growth. A small issue with the chart is the thick forest of text - redundant text. The sub-title, the axis titles, the quadrant labels, and the left-right-half labels all...

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Re-thinking a standard business chart of stock purchases and sales

Here is a typical business chart. A possible story here: institutional investors are generally buying AMD stock, except in Q3 2018. Let's give this chart a three-step treatment. STEP 1: The Basics Remove the data labels, which stand sideways awkwardly, and are redundant given the axis labels. If the audience includes people who want to take the underlying data, then supply a separate data table. It's easier to copy and...

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