Re:Ask HN: Why Is Everything Declining?
by kashunstva on Saturday January 28, 2023 @04:40PM
(#34562237)
> Inequality is declining by every measurable metric in the United States.
Economist Thomas Piketty would like to have a word. The top 1% takes more of the US national income than the entire bottom half and their share is increasing. Income growth in the bottom 20% is negative.[0] Although perhaps we have different definitions of inequality. If the rings of the ladder are pulling apart in this fashion I’m going to take that as evidence of increasing inequality.
[0] Thomas Piketty, Emmanuel Saez, and Gabriel Zucman (2018): _Distributional National Accounts: Methods and Estimates for the United States_, Quarterly Journal of Economics 2, 2018, Vol. 133, S. 553-609.
Economist Thomas Piketty would like to have a word. The top 1% takes more of the US national income than the entire bottom half and their share is increasing. Income growth in the bottom 20% is negative.[0] Although perhaps we have different definitions of inequality. If the rings of the ladder are pulling apart in this fashion I’m going to take that as evidence of increasing inequality.
[0] Thomas Piketty, Emmanuel Saez, and Gabriel Zucman (2018): _Distributional National Accounts: Methods and Estimates for the United States_, Quarterly Journal of Economics 2, 2018, Vol. 133, S. 553-609.