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It is actually, because we know that relative equality is a bigger contributor to happiness than any sort of absolute growth. Put simply, people would rather be
by llamataboot 11y ago
It is actually, because we know that relative equality is a bigger contributor to happiness than any sort of absolute growth. Put simply, people would rather be poorer and in the "same boat" as others than be slightly wealthier but face massive inequality. So if you think part of the job of the economy is to maximize human happiness it absolutely matters. http://inequality.org/happiness-and-inequality-study/ http://inequality.org/happiness-and-inequality-study/