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https://en.wikipedia.org/wiki/List_of_countries_by_wealth_equality https://en.wikipedia.org/wiki/List_of_countries_by_wealth_eq... World Gini coefficient for w
by statstutor 6y ago
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_equality https://en.wikipedia.org/wiki/List_of_countries_by_wealth_eq...
World Gini coefficient for wealth has increased from 0.804 to 0.904 between 2008 and 2018, where 1 means that a single person holds all the wealth.
- scatters 6y agoWealth inequality is immaterial; what matters is (lifetime) consumption inequality. Income inequality is an imperfect substitute measure.
- statstutor 6y agoLabour accounts for about half of world income, from memory, with capital accounting for the other half of world income. If wealth centralises, then so does income. Besides, you replied to try and refute a comment which was quite unambiguously about wealth inequality. It's possible to occasionally admit you were wrong, rather than doubling down when you are.