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You state inequality goes down then you show a link about wage increases the last two years. This doesn't address inequality and inequality is usually a wealth
by cylinder 7y ago
You state inequality goes down then you show a link about wage increases the last two years. This doesn't address inequality and inequality is usually a wealth issue, not income, and not only over the last two years.
- burfog 7y agoUsually we vaguely mean both wealth and income when we speak of inequality, but in any case they are convertible. The high-wealth people aren't living on income. They are living on investments, which have taken a hit from the increased wages. I specifically said "More recently" regarding the USA, so why object to it being over two years? Two years is recent. Things have gotten dramatically better for the less-well-off people over the past two years. This is something to be optimistic about.