4 ms·
If we are looking for inequality and focus on outliers, we will always be able to find unfairness. Over the last 30 years, large portions of the world populatio
by 11thEarlOfMar 13y ago
If we are looking for inequality and focus on outliers, we will always be able to find unfairness. Over the last 30 years, large portions of the world population have seen dramatic increases in per-capita income. If the masses are benefited, it seems natural that the outliers will lie out even further.
Data from: http://stats.oecd.org/# http://stats.oecd.org/#
Taking the two most populace countries over the last 30 years:
- China per-capita income, in 2011 dollars:
1981, US $282
2011, US$8,319
30x increase in per-capita income
- India per-capita income, in 2009 dollars:
1981, US $472
2009, US$3,203
7x increase in per-capita income
A large portion of the world population is benefiting from economies that grow with technology as the catalyst.