Dispelling misconceptions about what’s driving income inequality in the U.S. • Hacker News Board

Re: Dispelling misconceptions about what’s driving income inequality in the U.S.

#11

Post by vixen99 » Sat, Nov 18, 2017, 8:32 AM UTC

gkanai wrote: post #6

See also: "The richest families in Florence in 1427 are still [in 2016] the richest families in Florence" https://qz.com/694340/the-richest-families-in-florence-in-14...

This is a universal phenomenon. Gregory Clark has tracked family names in the UK over eight centuries and shown that 'mobility rates are lower than conventionally estimated, do not vary across societies, and are resistant to social policies'. The names of the Norman colonizers of England in 1066 still strongly feature in the higher social classes.

http://faculty.econ.ucdavis.edu/faculty/gclark/The%20Son%20A....

Re: Dispelling misconceptions about what’s driving income inequality in the U.S.

#12

Post by BerislavLopac » Sat, Nov 18, 2017, 10:49 AM UTC

pitaj wrote: post #10

Here's what I'm wondering: - How do you measure inequality? - What amount of inequality is acceptable? - What amount of inequality should be targeted? Inequality is part of any system. It's inevitable due to the inherent randomness of our universe.

https://en.wikipedia.org/wiki/Gini_coefficient

Re: Dispelling misconceptions about what’s driving income inequality in the U.S.

#13

Post by grizzlylabs » Sat, Nov 18, 2017, 12:25 PM UTC

The article contradicts itself.

First it says that it's not managers that are increasing inequality then they say a bunch of businesses that are behind it.

Quote: Almost all of the growth in top American earners has come from just three economic sectors: professional services, finance and insurance, and health care, groups that tend to benefit from regulatory barriers that shelter them from competition.

I've never met an individual that offers insurance... it's a corporation. So... if it's not managers the only other thing is the owners of these corporations.

But the New York Times didn't want to say that!

More fake news bullshit.

Re: Dispelling misconceptions about what’s driving income inequality in the U.S.

#14

Post by [deleted] » Sat, Nov 18, 2017, 4:55 PM UTC

NiklasMort wrote: post #2

"When I arrived in the office one day I saw my boss coming in with a new big Porsche. I said to him 'nice car' and he replied 'well, if you continue to work hard and give everything to this company, I might be able to get myself another one for Christmas'"

[deleted]