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Good point; "a rising tide lifts all boats". If that were true, then yeah, it'd just be a psychological question of how OK people will be with seeing a rising c
by acidburnNSA 10y ago
Good point; "a rising tide lifts all boats". If that were true, then yeah, it'd just be a psychological question of how OK people will be with seeing a rising class of professionals get accelerated wealth while they just rise in quality of life at a 'normal' rate. And how big is the professional class compared to the others? At what point is there social instability? Where's the breaking point, if anywhere? I don't think anyone really has any idea of the answer, so considering a few historical data points, it's just judicious to be concerned about it.
Also, does the rising tide lift all boats? Working class wages remain pretty stagnant, and dissatisfaction in the USA is growing, at least when viewed through the election cycle.
Any sociologists out there? What does the literature say on societal effects of income inequality?
- Ericson2314 10y agoIn high school I was taught that it correlated with mental illness.