Re:U.S. Income Inequality Hits a New Threshold
by ameister14 on Thursday March 01, 2018 @02:21PM
(#16495234)
Are you sure the income inequality creates the immobility and isn't just linked to the immobility in other ways? The demonstration of other countries implies the latter, but even that is really hard to prove.
Re:U.S. Income Inequality Hits a New Threshold
by knuththetruth on Thursday March 01, 2018 @02:28PM
(#16495286)
Yes, because history. There are no historical examples where wealth was held by the few and social mobility increased broadly. Only when resources are more evenly distributed among social classes has that ever happened.
Re:U.S. Income Inequality Hits a New Threshold
by hueving on Thursday March 01, 2018 @03:40PM
(#16496057)
>Yes, because history. There are no historical examples where wealth was held by the few and social mobility increased broadly
Uh... The industrial revolution.
You seem to be confusing wealth inequality with income inequality which might be muddying your arguments.
Re:U.S. Income Inequality Hits a New Threshold
by loeg on Thursday March 01, 2018 @02:51PM
(#16495534)
The graphed figure is not wealth, but income. The (great-)grandparent poster is suggesting that as long as people bounce between income levels, i.e., they have some higher paying years and some lower paying years, it has a smoothing effect on the net income inequality.
I'm not sure how you can't be arguing the same thing I am. The income inequality is what creates the immobility. This is demonstrated by other developed countries where there is less income inequality and greater social mobility, as others have pointed out. Can you elaborate?