Posted on 07/21/2014 10:01:46 AM PDT by SeekAndFind
Income inequality has surged as a political and economic issue, but the numbers dont show that inequality is rising from a global perspective. Yes, the problem has become more acute within most individual nations, yet income inequality for the world as a whole has been falling for most of the last 20 years. Its a fact that hasnt been noted often enough.
The finding comes from a recent investigation by Christoph Lakner, a consultant at the World Bank, and Branko Milanovic, senior scholar at the Luxembourg Income Study Center. And while such a framing may sound startling at first, it should be intuitive upon reflection. The economic surges of China, India and some other nations have been among the most egalitarian developments in history.
Of course, no one should use this observation as an excuse to stop helping the less fortunate. But it can help us see that higher income inequality is not always the most relevant problem, even for strict egalitarians. Policies on immigration and free trade, for example, sometimes increase inequality within a nation, yet can make the world a better place and often decrease inequality on the planet as a whole.
International trade has drastically reduced poverty within developing nations, as evidenced by the export-led growth of China and other countries. Yet contrary to what many economists had promised, there is now good evidence that the rise of Chinese exports has held down the wages of some parts of the American middle class. This was demonstrated in a recent paper by the economists David H. Autor of the Massachusetts Institute of Technology, David Dorn of the Center for Monetary and Financial Studies in Madrid, and Gordon H. Hanson of the University of California, San Diego.
(Excerpt) Read more at nytimes.com ...
SOMEBODY DO SOMETHING ABOUT ALL THIS INEQUALITY!!!!
And boobie inequality (someone needs to pay for some implants for me), as well, fashion inequality (why should the Kardashians be allowed to spend so much on great clothes while I have to wear stuff from Walmart?). The list is endless!!
The left don’t care about globally. They only care that incomes are more equal in our own country. Which show you how compassionate they really are.
The fact that inequality in wealth is decreasing worldwide is a mere trifling detail and that they really don’t understand what making everyone more equal would actually mean (they’d be far poorer and most people on the planet would be far richer than they are now).
Try to bring that up in any conversation about “inequality” and see what reactions you get.
LOL...Me thinks he must have INCOME...
The answer, of course, is that everyone else needs to have their boobies surgically reduced to be closer to yours. Isn’t that the leftist Utopia, to reduce everyone to the lowest common denominator?
Socialism is doing what it does best.
OMG you’re right!!
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