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re: "Wealth Inequality in America: Its worse than you think" - Fortune
Posted on 10/31/14 at 2:48 pm to BobBoucher
Posted on 10/31/14 at 2:48 pm to BobBoucher
quote:
In other words, there’s evidence that rising inequality and many other intractable social problems are related. Not only is rising inequality bad for business, it’s bad for society, too.
I don't think is true so long as standard of living continues to increase for the rest of us at roughly the same pace as the 1%.
3
Posted on 10/31/14 at 2:51 pm to TK421
What if higher inequality in advanced economies and a higher standard of living for the lower and middle classes were caused by the same thing? Is rising inequality necessarily a problem then?
ETA: meant to respond to OP not TK.
ETA: meant to respond to OP not TK.
This post was edited on 10/31/14 at 2:52 pm
Posted on 10/31/14 at 2:54 pm to TK421
quote:
so long as standard of living continues to increase
This should be the defining goal of our society.
Posted on 10/31/14 at 2:55 pm to TK421
quote:
In other words, there’s evidence that rising inequality and many other intractable social problems are related. Not only is rising inequality bad for business, it’s bad for society, too.
Their idea of evidence is quoting a historian. Sorry, I need a little more than that.
Now if mobility has decreased (and I think I read that it has somewhere) that, to me, is a bigger problem.
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