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There is a cool economic / social principal called "Preferential Attachment" that helps describe this a bit. From Wikipedia: "A preferential attachment process
by PhiWhale 9y ago
There is a cool economic / social principal called "Preferential Attachment" that helps describe this a bit.
From Wikipedia: "A preferential attachment process is any of a class of Citation dynamics processes in which some quantity, typically some form of wealth or credit, is distributed among a number of individuals or objects according to how much they already have, so that those who are already wealthy receive more than those who are not."
It's an interesting principle that plays out in economics as well as other situations where skill is involved. It is similar in some ways to the "80/20 rule" if you are familiar.
I would definitely recommend researching the topic a bit. It will definitely add some dynamics to your view of income inequality.