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Well put. It's always nagged me how we can say the economy has improved without taking the distribution into account. It's like saying one person gained five b
by miketery 9y ago
Well put.
It's always nagged me how we can say the economy has improved without taking the distribution into account. It's like saying one person gained five bucks and three people lost a dollar. Sure there is two more dollars but the community/society isn't necessarily better for it.
- derekp7 9y agoIt used to be that when someone at the top got a bit richer, they would invest that money. Which meant opening up a factory, creating jobs as a side effect. Now, it seems the better investments happen to be things that don't create as much jobs.
- tiggybear 9y agoWell why would anyone invest in companies that cater to the middle and lower classes? Those people don't have any money to spend.