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 …
One thing that changed between 1980 and 2014 is that a lot more people start their own companies. Is that broken?
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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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But you don't make richer the lower incomes by reducing inequality.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Nevermind - I see your tweet about cafes
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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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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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