Re:World Happiness Report, 2019
by b_tterc_p on Tuesday April 09, 2019 @05:11PM
(#19618956)
You’re describing it as income differences of 1000x. Right now it’s more like 25x although the 1% does hold about 90% of the existing wealth.
The problem is that this kind of thing can’t last long. For many reasons. Affording things means you can pay for the materials, labor, and markup that went into it. If everyone makes $200k, you can’t afford labor costs for anything produced domestically. You can import foreign workers, but then you’ve broken the constraints of the system and suddenly people are poor.
The problem is that this kind of thing can’t last long. For many reasons. Affording things means you can pay for the materials, labor, and markup that went into it. If everyone makes $200k, you can’t afford labor costs for anything produced domestically. You can import foreign workers, but then you’ve broken the constraints of the system and suddenly people are poor.