Author Topic: Incomes Collapsing in the US  (Read 2404 times)

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Offline cybercoma

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Re: Incomes Collapsing in the US
« on: February 08, 2017, 07:16:19 pm »
I could not care less about income inequality because it is irrelevant (despite the fact that it has become a bete noire for the left). The studies you reference are correlation studies which cannot establish any causal relationship because what matters is real income growth. If people are getting richer worrying about the fact that others are getting richer faster seems like jealousy. A society is not healthy if people are equally poor and getting poorer.

If you want to use statistics use statistics that have meaning. Real income growth has meaning.
So you didn't read the reports that explain how inequality hurts the economy, did you? You keep saying it doesn't matter and it's explained very clearly what it does. Not only does it matter for those in the bottom 50%, but it's going to matter for those at the top as well.