> Overall, over the whole of the economy, the entire population, and a reasonabl...

casenmgreen · 2025-05-25T19:53:48 1748202828

> This is only true while wealth inequality is decreasing, which it is not.

If everyone is becoming better off, but at different rates such that there is increase in inequality, then everyone experiences economic growth.

Thought experiment.

We have two people, one with 1000 wealth one with 100.

We have 10% growth per year.

So we see;

1000 -> 1100 -> 1210 -> 1331 100 -> 110 -> 121 -> 133.1

Difference in wealth;

900 -> 990 -> 1089 -> 1198

The ratio of wealth remains 10:1, but the absolute difference becomes larger and larger.

I do not know, and I would like to know, how numbers for wealth inequality are being computed.

closewith · 2025-05-25T23:13:31 1748214811

Do you see in your example that the working class becomes exponentially more disadvantaged over time? Both in relative and absolute terms.