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Well, the ideal would be very strange though. Top 20% owns only twice as much as bottom 20%? That would mean that the upper class - doctors, lawyers would earn
by yread 10y ago
Well, the ideal would be very strange though. Top 20% owns only twice as much as bottom 20%? That would mean that the upper class - doctors, lawyers would earn only twice more than garbage men. That probably wasn't true even in Soviet Union
EDIT: played with it a bit and produced this chart - Y axis has the base of the exponential (top 20% earns n-times more than bottom 20%). It seems that what US has is not exponential though - I can't get the bottom 40% to be as small without the top 20% becoming too big. I think that means that it's subexponential
http://i.imgur.com/gHxBXwa.png http://i.imgur.com/gHxBXwa.png
EDIT 2: This is actually about wealth inequality rather than income inequality. So it makes sense for that to be much larger. Here is the paper it's based on
http://www.nber.org/papers/w18559.pdf http://www.nber.org/papers/w18559.pdf
- Frogolocalypse 10y agoNo, it doesn't say that. The words in the video literally say in the 'ideal' income distribution that almost all people chose, "the rich folks are earning about 10 to 20 times as much as the poor folks"
- kalleboo 10y ago> Top 20% owns only twice as much as bottom 20%? That would mean that the upper class - doctors, lawyers would earn only twice more than garbage men. That probably wasn't true even in Soviet Union It's true in Sweden Doctor: http://www.lonestatistik.se/loner.asp/yrke/Lakare-1234 http://www.lonestatistik.se/loner.asp/yrke/Lakare-1234 Attorney: http://www.lonestatistik.se/loner.asp/yrke/Advokat-1066 http://www.lonestatistik.se/loner.asp/yrke/Advokat-1066 Sanitation worker http://www.lonestatistik.se/loner.asp/yrke/Renhallningsarbetare-1217 http://www.lonestatistik.se/loner.asp/yrke/Renhallningsarbet... Recycling worker http://www.lonestatistik.se/loner.asp/yrke/Atervinningsarbetare-1219 http://www.lonestatistik.se/loner.asp/yrke/Atervinningsarbet... Probably related is that higher education is free (and you get a stipend and very cheap loans for living expenses) so doctors don't end up with hundreds of thousands in loans, and that doctors are in the public sector and not private.
- Asooka 10y agoAnd why the hell should I be making more than twice what a fulltime garbage man does? He's objectively providing a more important service and delivering more real physical value than I do.
- foozed 10y agoWell said, I completely agree. Also his job is arguably "harder": has to get up super early, physically exhausting, smells bad all the time, etc.