Inequality is not inevitable.https://www.nytimes.com/interactive/2017/08/07/opinion/leonhardt-income-inequality.html?emc=edit_ty_20170808&nl=opinion-today&nlid=13014556&te=1 …
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Surely Larry Page is more productive starting Google than going to work for IBM. But it does mean a thousand or so points on the far right.
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Are there enough Larry Pages to produce that distribution? (serious question)
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Not all of it, but I would guess SV and Wall St are the biggest components.
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I spent a lot of time thinking about the breakup of the old world that happened around 1980. http://paulgraham.com/re.html
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I know that essay well. Has anyone ever approached you about studying it rigorously? I'm curious what the data would show
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I meant startups, not cafes.
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Angry Birds + Tinder don't feed working class people. Income inequality is a big threat to this country and 2016 should have taught us that.
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Sorry for the late response, but, that’s true and a good point
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If true, that would only explain the higher rate of growth at higher incomes, not lower growth for lower incomes.
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Also assumes that entrepreneurs are generally in the 1% when they start their companies, which if true would highlight another problem
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Don't think this is true! See research from
@UpdatedPriors https://twitter.com/UpdatedPriors/status/889458635180572672 …This Tweet is unavailable. -
Here's a longer paper on declining business dynamism: http://econweb.umd.edu/~haltiwan/JEP_DHJM.pdf …
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Nevermind - I see your tweet about cafes
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I believe it is and its affecting social mobility and inequality. This group and study makes the case http://eig.org/dynamism
@LettieriDCThanks. Twitter will use this to make your timeline better. UndoUndo
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For a less defensive remark, I think I'd rather hear from 5 yo on this one.
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Sorry for the snark. Lapse in reflection.
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Actually, per the data, rates of starting businesses had declined: https://www.washingtonpost.com/news/on-small-business/wp/2015/02/12/the-decline-of-american-entrepreneurship-in-five-charts/ …
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