Fascinating thread! Thanks. My two cents on this graph is that it not being obvious isn’t the same as it being structurally set. I assume this has changed over time, so presumably it can change again?
09.12.2024 15:02 — 👍 1 🔁 0 💬 0 📌 0
Tl;dr: while wealth _inequality_ hasn't grown over this period, wealth has; meaning the importance of wealth as a driver of economic security (dare I say prosperity) has grown relative to income. Given that wealth is inherently(?) more unequal than income, this makes for a less fair economy. 2/2
06.12.2024 14:23 — 👍 1 🔁 0 💬 0 📌 0
Fascinating discussion and data in this article (from @simonpittaway.bsky.social and @tom-clark.bsky.social), squaring the circle of why our economy is today less fair, yet wealth inequality hasn't meaningfully increased in the last ~50 years. 1/2
06.12.2024 14:23 — 👍 1 🔁 1 💬 1 📌 0
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