A new MacBook Pro or a nice digital SLR

2017-12-12

in Economics, Politics, Rants

Reporting on the Credit Suisse Research Institute’s global wealth report, The Economist explains:

If the world’s wealth were divided equally, each household would have $56,540. Instead, the top 1% own more than half of all global wealth. The median wealth per household is just $3,582; if you own more than that, you are in the richest 50% of the world’s population.

Even for those who believe that it’s ethical for your wealth to be determined by the amount of economic value you create for others, the evidence that high wages are deserved is weak (especially for top executives).

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