Source The photograph that has become known as "Migrant Mother" is one of a series of photographs that Dorothea Lange made in February or March of in Nipomo, California.
January Since the s, economic inequality in the US has increased dramatically. And in particular, the rich have gotten a lot richer. Nearly everyone who writes about economic inequality says that it should be decreased.
Almost by definition, if a startup succeeds, its founders become rich. No one should be. The solution to this puzzle is to realize that economic inequality is not just one thing. It consists of some things that are bad, like kids with no chance of reaching their potential, and others that are good, like Larry Page and Sergey Brin starting the company you use to find things online.
If you want to understand economic inequality — and more importantly, if you actually want to fix the bad aspects of it — you have to tease apart the components. And yet the trend in nearly everything written about the subject is to do the opposite: Sometimes this is done for ideological reasons.
Much of the time, perhaps most of the time, writing about economic inequality combines all three.
The most naive version of which is the one based on the pie fallacy: Usually this is an assumption people start from rather than a conclusion they arrive at by examining the evidence. Sometimes the pie fallacy is stated explicitly: But the unconscious form is very widespread.
I think because we grow up in a world where the pie fallacy is actually true. In the real world you can create wealth as well as taking it from others. A woodworker creates wealth. He makes a chair, and you willingly give him money in return for it. A high-frequency trader does not.
He makes a dollar only when someone on the other end of a trade loses a dollar. If the rich people in a society got that way by taking wealth from the poor, then you have the degenerate case of economic inequality, where the cause of poverty is the same as the cause of wealth. If one woodworker makes 5 chairs and another makes none, the second woodworker will have less money, but not because anyone took anything from him.
In the general case it consists of multiple ways people become poor, and multiple ways people become rich. Which means to understand economic inequality in a country, you have to go find individual people who are poor or rich and figure out why.
When you use the would-have method with startup founders, you find what most would have done back inwhen economic inequality was lower, was to join big companies or become professors.
The reason he and most other startup founders are richer than they would have been in the mid 20th century is not because of some right turn the country took during the Reagan administration, but because progress in technology has made it much easier to start a new company that grows fast.
Traditional economists seem strangely averse to studying individual humans. It seems to be a rule with them that everything has to start with statistics.
While your essay if well written and well argued, I failed to see any alternative offered to replace or at least to begin replacing/changing our current capitalist system. Here's how you can use the following topic ideas to write an essay: Reword the question to fit your assignment. Use a question for your topic idea helps keep you organized. This has been a bumper year for books related to philanthrocapitalism, including some terrific tomes on philanthropy and social entrepreneurship, as well as others focused on topics that should be of interest to anyone trying to innovate a better world.
So they give you very precise numbers about variation in wealth and income, then follow it with the most naive speculation about the underlying causes. But while there are a lot of people who get rich through rent-seeking of various forms, and a lot who get rich by playing zero-sum games, there are also a significant number who get rich by creating wealth.
And creating wealth, as a source of economic inequality, is different from taking it — not just morally, but also practically, in the sense that it is harder to eradicate.
One reason is that variation in productivity is accelerating.WOA!! - World Overpopulation Awareness is a non-profit web publication seeking to inform people about overpopulation, unsustainability, and overconsumption; the impacts, including depletion of natural resources, water, oil, soil, fertilizers, species loss, malnutrition, poverty, displacement of people, conflict; and what can be done about it: women's advancement, education, reproductive health.
The trading floor of the New York Stock Exchange just after the crash of On Black Tuesday, October twenty-ninth, the market collapsed.
While your essay if well written and well argued, I failed to see any alternative offered to replace or at least to begin replacing/changing our current capitalist system.
`Over the past 20 years the number of people living on less than $1 a day has fallen by million, after rising steadily for years' (James Wolfensohn, president of the World Bank, World Bank, b). BibMe Free Bibliography & Citation Maker - MLA, APA, Chicago, Harvard.
Poverty is the scarcity or the lack of a certain (variant) amount of material possessions or money. Poverty is a multifaceted concept, which may include social, economic, and political elements. Absolute poverty, extreme poverty, or destitution refers to the complete lack of the means necessary to meet basic personal needs such as food, clothing and shelter.