3 ms·
The report clearly says: > the differentials between these rates and the white unemployment rate narrowed to their lowest levels on record Which means that we
by Thorentis 6y ago
The report clearly says:
> the differentials between these rates and the white unemployment rate narrowed to their lowest levels on record
Which means that wealth inequality (difference between top and bottom) is NOT increasing, but is decreasing. This contradicts your claim that the top is getting ahead and increasing the gap to the bottom.
So yes, it does run against the "growing wealth inequality" narrative.
- WillPostForFood 6y agoEmployment and wealth are related, but still separate things. It is orthogonal to the "growing wealth inequality" narrative, not in contradiction. Lowering the gap in unemployment may or may not reduce the wealth gap.
- goldenManatee 6y agoYou’re interpreting too strong of a relationship between employment and inequality as if they were inverses of each other. Assume the rate at which top earners are accumulating wealth exceeds the rate of wealth accumulation for the poor. This presents a scenario in which employment is increasing but so is inequality, because low-earners are not realizing gains at the same, or faster, rate than top-earners.