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> The average citizen in 200 years will be approximately 50 times wealthier than we are today I wish I could share your optimism. If the current wealth gap tre
by fendy3002 6y ago
> The average citizen in 200 years will be approximately 50 times wealthier than we are today
I wish I could share your optimism. If the current wealth gap trend is continuing, the future won't be much different than nowadays. It's even harder to buy a house and/or build it today than let's say 30 years ago.
- vinay427 6y agoThe current wealth gap is shrinking, so I'm not sure what trend you're referring to. It may be increasing in your country and many others, but globally the average citizen is far better off today in virtually every material and health metric. A lot of nice plots here: https://ourworldindata.org/global-economic-inequality https://ourworldindata.org/global-economic-inequality A more direct response: https://www.weforum.org/agenda/2018/04/its-time-to-totally-change-how-we-think-about-inequality/ https://www.weforum.org/agenda/2018/04/its-time-to-totally-c...
- ClumsyPilot 6y agoThat's because poorer countries are becoming less poor It does not prove that an average person in the currently wealthy country will be 50x wealthier
- vinay427 6y agoYes, that's what I said, and even included the second link to make that more explicit. I don't mean to imply that the wealth gap in wealthy countries is decreasing. The point I am getting at is that it's far more difficult to make the argument that the wealth gap is increasing, full stop. It's quite likely that the vast majority of the world will live in countries where it's decreasing.
- jokethrowaway 6y agoCurrently wealthy countries can very well collapse. Maybe in 50 years people will want to move to South America, not the USA. Your average customer may very well be 50x wealthier, but they may be in Costa Rica instead of the Silicon Valley
- deleted 6y ago[deleted]