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Inequality is a feature, not a bug as long as the standards for everyone improves. The problem is that the lowest has not seen improvement in certain areas. In
by systemvoltage 3y ago
Inequality is a feature, not a bug as long as the standards for everyone improves. The problem is that the lowest has not seen improvement in certain areas.
Inequality is a term so alluring to mid-IQ activists. I'll take today's inequality vs. poverty of 100 years ago. The world has improved, period.
Similarly, I'll take a nation full of extreme inequality if their average standards of living are better than say, Honduras.
- arcticbull 3y agoI like to say that inequality is only a feature if it's coupled with social mobility and a high and rising standard of living for the lower class.
- systemvoltage 3y agoAgreed. Another way to also look at this is that if 95% of the people's median (not average) shifts upwards, I'll accept the trade offs. That's improvement for vast majority of the people.
- arcticbull 3y agoYep, couldn't agree more.