Income Inequality Zero Sum Game

Is income inequality a zero sum game.

Income inequality zero sum game. Skip to main content. Wealthy households are better off than ever while the majority in the population more then 50 of our families are seeing their income fall and their jobs disappear. There has been an unusual stir in the recent news about the increase of income inequality in the united states. And for the most part though not entirely those outsized income gains at the top are due to technology and globalization.

Income is not a zero sum game my salary doesn t limit yours. The report is unusually clear eyed in acknowledging that the distribution of wealth and power is a zero sum game. That the rich get rich by taking money from the. In a recent commentary economic inequality january 2016 venture capitalist paul graham defends inequality on the grounds that it s not necessarily the result of a zero sum game in fact he says it s usually not.

Income inequality is widely misunderstood so let s spread some truth. It is not a zero sum game. While an interesting perspective the example falls apart and actually scores the problem with income inequality. The broad contours of income and wealth inequality in the.

In a recent commentary economic inequality january 2016 venture capitalist paul graham defends inequality on the grounds that it s not necessarily the result of a zero sum game. Capital is good for labor wealth is not a zero sum game and people get rich making other people better off. My caveat reflects the crony capitalism in. Econ 110 the money market st.

In a zero sum game there is at least a limit to the upside. Plus a lot of the new startups would create new technology that further accelerated variation in productivity. Cohan wall main wednesday jan 29 2014 at 5 00 am. Even in this example there s a fixed number of trinkets even though the value isn t fixed so it is a zero sum game.

Variation in productivity is far from the only source of economic inequality but it is the irreducible core of it in the sense that you ll have that left when you eliminate.