Re:As unions decline, inequality rises
by gfdsgfsdgfdsg on Saturday December 17, 2022 @11:15AM
(#34029050)
Why aren't poor Americans immigrating elsewhere if they have "nothing"? The poor in other countries are risking their lives to come to America.
Re:As unions decline, inequality rises
by throw0101c on Saturday December 17, 2022 @11:43AM
(#34029406)
Everything going to the top, and nothing going to those on the bottom.
> The USSR, North Korea, and Cuba all have/had lower levels of inequality than the west...by making everyone poor.
Seems like your examples also have things going to the people at the top.
A comment from a few years ago that I saved:
> If we suppose that the goal of society is to produce the greatest utility, and that the utility wealth provides an individual is sub-linear (i.e. twice as much money makes you less than twice as happy), then inequality is inefficient resource allocation.
> However, we also suppose that some level of inequality can lead to greater productivity, and thus greater utility overall. The question is then what level produces the best outcome? […]
* https://news.ycombinator.com/item?id=14505342