August 01, 2007
So, in a fictitious country, we have 99 people who make $20,000 annually, and 1 person who makes $100,000.
Technology then breeds efficiency, and a greater net total of value is created.
Now, 99 people make $30,000 annually, and 1 person makes $1,000,000.
Is this better than before? Yes.
But, there is actually a greater amount of economic inequality than before.
The point is, that there is nothing innately wrong with 'economic inequality'. There is something wrong with poverty, but one does not necessarily beget the other. Are we on the same page?
Note: This post has been contributed. If you live in an area of the world that you believe needs more attention and help, one of the b...
Both in Peoria and up here in the Chicago suburbs, I have had multiple Jimmy Johns employees who have memorized my order and start preparin...
This post has been contributed. You’ve undoubtedly heard it by now. We are living an unsustainable lifestyle as a species. The fact tha...
This post has been contributed. https://unsplash.com/photos/ffmkD8dm7Zw When you first realize that you’re not feeling as health...