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The author is looking at consumption, not income. It's been shown that when you look at consumption, inequality isn't nearly what people think. https://economic
by defertoreptar 6y ago
The author is looking at consumption, not income. It's been shown that when you look at consumption, inequality isn't nearly what people think. https://economics21.org/html/when-it-comes-inequality-consumption-what-matters-978.html https://economics21.org/html/when-it-comes-inequality-consum...
- standardUser 6y agoDoesn't focusing on consumption completely obscure to bulk of inequality, which takes the form of endless billions constantly accumulating among a minuscule portion of the population?