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That's just another way of describing a scenerio where the "poor are getting poorer". Focusing on the share of the pie ("inequality") is a red herring, if the p
by Ajedi32 7mo ago
That's just another way of describing a scenerio where the "poor are getting poorer". Focusing on the share of the pie ("inequality") is a red herring, if the poor are getting less wealthy in absolute terms that's bad regardless of whether inequality is increasing or decreasing.
- srean 7mo agoDepends on how poverty is being measured. Many measure it in terms of money and not the sum total of goods and services that they can claim. Infact in lay person literature it is usually measured in terms money (+ liquid assets), at best inflation adjusted if they are comparing different times. This why one needs to think in terms of the 'pie'. > if the poor are getting less wealthy in absolute terms that's bad regardless of whether inequality is increasing or decreasing. In complete agreement with that. I did not realise that my comment conveyed the opposite.