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Who gained in income over the last 200 years? Relatively: the world's top 30% (the first to industrialize, OECD) Absolute: everyone got to be much, much better off — even the worst saw their incomes >5x https://wid.world/document/longrunpaper/ …pic.twitter.com/ToGPoodVqW
Definition of global inequality treats entire world as one: Just like inequality in, say, the US places all US individuals from lowest to highest income Global inequality places all citizens from every nation from lowest to highest income (see: https://gabriel-zucman.eu/files/teaching/Milanovic13.pdf …)
It is a great data paper collating an immense amount of data to help us get a clearer view on incomes over the past 200 years Cudos to Chancel & Piketty (but take their 1800s industrialization powered by exploitation of 3rd world with grains of salt) https://wid.world/document/longrunpaper/ …
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