13 sats \ 0 replies \ @zuspotirko OP 14 Jul \ parent \ on: The world's poor get richer charts_and_numbers
Inequality is not bad, poverty is.
I agree.
The gini-coefficient measures inequality between the poor and the richest. It can fall because of two reasons:
  • The rich get poorer, which makes the gini coefficient fall and look like inequality falls. This happened e.g. in 2008, 2009 when the stock market fell.
  • The poor get richer, which makes the gini coefficient fall. This is the desired outcome
The gini coefficient is currently falling. Given the S&P00 is currently at all time highs in combination of what I posted here points to the second bullet point being the case
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