3 ms·
It doesn’t really matter if the delta shrinks, if, in absolute terms people in the bottom and middle are better off. This is the problem I have with the framing
by oceanplexian 3y ago
It doesn’t really matter if the delta shrinks, if, in absolute terms people in the bottom and middle are better off. This is the problem I have with the framing of wealth inequality.
If you're better off than a king was 100 years ago, and there’s a billionaire out there that’s a thousand times richer than you are, what’s the issue? I’d rather live in a high-delta society than a society where everyone is equal, but equally destitute (Venezuela, Cuba, etc).
- deleted 3y ago[deleted]
- ethanbond 3y agoIt really does matter. https://docs.iza.org/dp13923.pdf https://docs.iza.org/dp13923.pdf https://www.bloomberg.com/news/articles/2015-12-21/the-relationship-between-happiness-income-inequality-and-economic-growth https://www.bloomberg.com/news/articles/2015-12-21/the-relat...
- TotalCrackpot 3y agoThere are high delta societies where almost everyone is destitute too like Democratic Republic of the Congo.
- RAIN92 3y agoAre we, really? Do we have King's financial independence, spare time, crazy useless dinners and parties? Working your a* off for free (yep, in many countries you have a lot of free labour, free internships, slavery-like conditions) for future opportunities™ and still fighting for remote working. my ancestors worked from home (as sharecroppers the land was literally behind the house) and at least they had lunch paid for by the feudal lord.