5 ms·

Also known as the Matthew Effect: https://en.m.wikipedia.org/wiki/Matthew_effect https://en.m.wikipedia.org/wiki/Matthew_effect

laratied 3y ago
We have a better abstraction of this process in general: https://en.wikipedia.org/wiki/Preferential_attachment https://en.wikipedia.org/wiki/Preferential_attachment
m463 3y ago
aka "the rich get richer and the poor get poorer"
- varjag 3y ago
  The rich could well be getting richer but the poor don't appear to be getting poorer.
  - laratied 3y ago
    It would be better to say that because of preferential attachment in a networked world that the rich get a massively out sized share of the booty. It is interesting to see this play out with NFL football podcasts. This use to be a space of random individuals but then former and even current players started podcasts. Now the Kelce brothers and Taylor Lewan have podcasts. They don't just have the name recognition with football fans relative to the average person but the subject matter expertise too. They also have a cool factor with who wouldn't prefer to work with a current NFL player about football than you or I? Not to mention 50 million dollar contracts so they have so much more capital to make things work. The average person and Kelce/Lewan can both just have their friends on the podcasts as guests but the NFL players friends are also NFL players that the average person has to do a nearly infinite amount more work to get on. This process applies to pretty much everything in every domain.
  - pedalpete 3y ago
    What makes you say the poor are not getting poorer? I think you need to take this from the perspective of what part of the world you are living in. I'm not sure how we can measure this in quality of life rather than just dollars, but let's consider it this way. In Australia, Canada, the US, the cost of buying a home has become out of reach for most people. Not even talking about the poorest people, just the average. Healthcare cost has far outstripped inflation over the last 30 years, and is a greater proportion of the average persons salary. https://www.thebalancemoney.com/causes-of-rising-healthcare-costs-4064878 https://www.thebalancemoney.com/causes-of-rising-healthcare-... Poverty comes with it's own health issues. https://www.aafp.org/about/policies/all/poverty-health.html#:~:text=Poverty%20and%20low%2Dincome%20status%20are%20associated%20with%20various%20adverse,14%20leading%20causes%20of%20death.&text=Individual%2D%20and%20community%2Dlevel%20mechanisms%20mediate%20these%20effects https://www.aafp.org/about/policies/all/poverty-health.html#.... Salaries have also been stagnant, apparently since the 70s according to this article. https://www.cnbc.com/2022/07/19/heres-how-labor-dynamism-affects-wage-growth-in-america.html https://www.cnbc.com/2022/07/19/heres-how-labor-dynamism-aff... So, I don't know how you can claim the poor are not getting poorer.
    - varjag 3y ago
      Poverty rates are falling globally by any metric you take. And for the poor, buying properties was never even on the radar. I feel there is some conceptual disconnect, poor isn't just someone who is not middle class.
      - pedalpete 3y ago
        Globally you are absolutely right. Quality of life for billions is improving. If you look at the developed world only, the divide between the rich and poor is growing. Quality of life for those outside of the middle-class (and some would even say for the middle-class) is decreasing in these regions. We absolutely don't want to forget about the poorest globally, and need to ensure they continue to benefit and increase their quality of life, but we don't want to ignore the poor in developed countries.
        3y ago
  - RhodesianHunter 3y ago
    Perhaps they should just eat cake?
    - varjag 3y ago
      Sure Marie.
slowmovintarget 3y ago
Right, Jesus was telling this story two thousand-ish years ago.

laratied 3y ago

We have a better abstraction of this process in general: https://en.wikipedia.org/wiki/Preferential_attachment https://en.wikipedia.org/wiki/Preferential_attachment

m463 3y ago

aka "the rich get richer and the poor get poorer"

varjag 3y ago
The rich could well be getting richer but the poor don't appear to be getting poorer.
- laratied 3y ago
  It would be better to say that because of preferential attachment in a networked world that the rich get a massively out sized share of the booty. It is interesting to see this play out with NFL football podcasts. This use to be a space of random individuals but then former and even current players started podcasts. Now the Kelce brothers and Taylor Lewan have podcasts. They don't just have the name recognition with football fans relative to the average person but the subject matter expertise too. They also have a cool factor with who wouldn't prefer to work with a current NFL player about football than you or I? Not to mention 50 million dollar contracts so they have so much more capital to make things work. The average person and Kelce/Lewan can both just have their friends on the podcasts as guests but the NFL players friends are also NFL players that the average person has to do a nearly infinite amount more work to get on. This process applies to pretty much everything in every domain.
- pedalpete 3y ago
  What makes you say the poor are not getting poorer? I think you need to take this from the perspective of what part of the world you are living in. I'm not sure how we can measure this in quality of life rather than just dollars, but let's consider it this way. In Australia, Canada, the US, the cost of buying a home has become out of reach for most people. Not even talking about the poorest people, just the average. Healthcare cost has far outstripped inflation over the last 30 years, and is a greater proportion of the average persons salary. https://www.thebalancemoney.com/causes-of-rising-healthcare-costs-4064878 https://www.thebalancemoney.com/causes-of-rising-healthcare-... Poverty comes with it's own health issues. https://www.aafp.org/about/policies/all/poverty-health.html#:~:text=Poverty%20and%20low%2Dincome%20status%20are%20associated%20with%20various%20adverse,14%20leading%20causes%20of%20death.&text=Individual%2D%20and%20community%2Dlevel%20mechanisms%20mediate%20these%20effects https://www.aafp.org/about/policies/all/poverty-health.html#.... Salaries have also been stagnant, apparently since the 70s according to this article. https://www.cnbc.com/2022/07/19/heres-how-labor-dynamism-affects-wage-growth-in-america.html https://www.cnbc.com/2022/07/19/heres-how-labor-dynamism-aff... So, I don't know how you can claim the poor are not getting poorer.
  - varjag 3y ago
    Poverty rates are falling globally by any metric you take. And for the poor, buying properties was never even on the radar. I feel there is some conceptual disconnect, poor isn't just someone who is not middle class.
    - pedalpete 3y ago
      Globally you are absolutely right. Quality of life for billions is improving. If you look at the developed world only, the divide between the rich and poor is growing. Quality of life for those outside of the middle-class (and some would even say for the middle-class) is decreasing in these regions. We absolutely don't want to forget about the poorest globally, and need to ensure they continue to benefit and increase their quality of life, but we don't want to ignore the poor in developed countries.
      - 3y ago
- RhodesianHunter 3y ago
  Perhaps they should just eat cake?
  - varjag 3y ago
    Sure Marie.

slowmovintarget 3y ago

Right, Jesus was telling this story two thousand-ish years ago.