Re:People kept working, became healthier while on basic inco...
by bluGill on Thursday March 05, 2020 @12:21PM
(#22495669)
Citation needed. I hear this often, but no hard evidence that isn't easy to show is false.
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Re:People kept working, became healthier while on basic inco...
by denisw on Thursday March 05, 2020 @01:13PM
(#22496281)
I recommend „Capital in the 21st Century“ by Thomas Pikkety, an economist who has deeply studied wealth and income equality using historical data spanning three centuries. This book has all the evidence you need.
https://www.amazon.com/-/de/dp/0674979850
Spoiler alert: income from wealth is on its way of becoming close to being as concentrated as it was in the 19th century (especially in the US), and the share of income from work in total national income is decreasing almost anywhere. So yes, increasingly you can only accrue significant wealth by already having significant wealth.
Re:People kept working, became healthier while on basic inco...
by Shacklz on Thursday March 05, 2020 @12:54PM
(#22496071)
> Citation needed.
Here you go: "The fading American dream: Trends in absolute income mobility since 1940", Raj Chetty et al. https://science.sciencemag.org/content/356/6336/398