Re:Coinbase lays off around 1,100 employees
by RyanHamilton on Thursday June 16, 2022 @04:25AM
(#31763677)
Inequality is about the ratio of high earners to low earners.
What you have linked to is a different concept, i.e. absolute income.
Income inequality in china also increased, see figure 5:
https://blogs.lse.ac.uk/businessreview/2019/04/01/income-ine...
Imagine you live in a neighbourhood of 50 people. Everyone starts earning more, that's absolute income increase. Then imagine your richer neighbours income has increased 100x faster than anyone else, that's income inequality.
Imagine you live in a neighbourhood of 50 people. Everyone starts earning more, that's absolute income increase. Then imagine your richer neighbours income has increased 100x faster than anyone else, that's income inequality.