4 ms·
One mechanism explained by Piketty. Rate of return on capital is higher than wage growth. So the wealthy get richer at a faster rate than the average worker.
by mhneu 9y ago
One mechanism explained by Piketty.
Rate of return on capital is higher than wage growth.
So the wealthy get richer at a faster rate than the average worker. This amplifies inequality.
http://www.newyorker.com/news/john-cassidy/pikettys-inequality-story-in-six-charts http://www.newyorker.com/news/john-cassidy/pikettys-inequali...