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Honest question: Almost no one here will question the effect of the 80/20 principle has on their business[1]. So why are people surprised when it rears its he
by joelrunyon 13y ago
Honest question:
Almost no one here will question the effect of the 80/20 principle has on their business[1].
So why are people surprised when it rears its head in income statistics?
[1] http://en.wikipedia.org/wiki/Pareto_principle http://en.wikipedia.org/wiki/Pareto_principle
- anonymfus 13y agoBecause it's different in different countries and hints that USA is extraction economics like all the world before XIX century and modern dictatorships where elite is more interested in redistribution of existing wealth than creating new.
- Glide 13y agoWait. So we're not in a country that is purposefully moving backwards when it comes to distribution of wealth? /s. I think the more interesting part of these graphs is that economic mobility can regress in society and the USA has not hit a point in its development where that is not true. It's like the price of freedom being eternally vigilant thing except most of society is unaware or powerless.