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I'm skeptical of the income inequality hypothesis as the US Gini has been mostly stagnant for 20 years (as per https://fred.stlouisfed.org/series/SIPOVGINIUSA h

I'm skeptical of the income inequality hypothesis as the US Gini has been mostly stagnant for 20 years (as per https://fred.stlouisfed.org/series/SIPOVGINIUSA https://fred.stlouisfed.org/series/SIPOVGINIUSA). I'd imagine that (social|) media has a fairly large impact on this phenomenon as it makes inequality more visible than before.

kj4211cash 2mo ago
You're probably right about (social) media being a factor but overindexing on Gini. Here's a chart that shows dramatically rising wealth gaps in the US: https://en.wikipedia.org/wiki/Income_inequality_in_the_United_States#/media/File:1962-_Net_personal_wealth_-_average_in_percentile_ranges_-_linear_scale_-_US.svg https://en.wikipedia.org/wiki/Income_inequality_in_the_Unite... If I got this right Gini measures inequality in either income or spending but as Piketty showed we have crazy rising inequality in capital / wealth.
- red-iron-pine 2mo ago
  been happening since the 80s mate, and everyone knows it