> I recently read an article in the Economist arguing how income inequality has actually gotten better in the rich world. They argued that the wage gap between

> I recently read an article in the Economist arguing how income inequality has actually gotten better in the rich world. They argued that the wage gap between blue collar and white collar workers has been shrinking. This is misleading. It's just the white collar workers are taxed even more and they earn less money than they used to. This has several negative effects. For instance why would you invest in your education and become an engineer or something if you won't make substantially more money than say warehouse worker who does not need to spend years on specialist education? The wealth gap is widening, but between the rich and everyone else. Some call it asset stripping. People dip into their savings to make ends meet, sell their assets. Until they run out of money completely. Then they will own nothing.