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The population of the US has nearly tripled since then and the GDP has grown almost 2000%; more than 1500% if looking at real GDP [1]. There should be far more
by wyre 4y ago
The population of the US has nearly tripled since then and the GDP has grown almost 2000%; more than 1500% if looking at real GDP [1]. There should be far more wealth equality now but there isn’t.
[1]https://www.statista.com/statistics/1031678/gdp-and-real-gdp-united-states-1930-2019/ https://www.statista.com/statistics/1031678/gdp-and-real-gdp...
- bawolff 4y agoThe 1920s was very famous for wealth inequality, so im not sure that's true. With a quick google i found this graph https://www.cbpp.org/wealth-concentration-has-been-rising-toward-early-20th-century-levels-2 https://www.cbpp.org/wealth-concentration-has-been-rising-to... which suggests that the present is much more unequal than the 1970s, but still hasn't risen to the level of inequality from the pre WW2 era.