Economists want equality more than anyone. More than social change advocates, more than equality campaigners, more than any disadvantaged and discriminated person. For an economist, success is when the global economy grows, which happens when more people enter the labour market and the spend money they earn. That requires greater equality. If you think I’m wrong, tell me why the standard measure for inequality is wealth distribution. We don’t measure inequality by how many people have the right to vote, or which countries maintain a standard of civil rights, we measure using the Gini index, which tells us how wealth is distributed across the citizens of any given country. A score of 0 on the Gini scale would tell us that everyone has the same amount of money, wealth is perfectly distributed. And a score of 100 would tell us that one person has all the money and everyone else has nothing.
Why would we want a more equal society?
Why would we want a more equal society?
Why would we want a more equal society?
Economists want equality more than anyone. More than social change advocates, more than equality campaigners, more than any disadvantaged and discriminated person. For an economist, success is when the global economy grows, which happens when more people enter the labour market and the spend money they earn. That requires greater equality. If you think I’m wrong, tell me why the standard measure for inequality is wealth distribution. We don’t measure inequality by how many people have the right to vote, or which countries maintain a standard of civil rights, we measure using the Gini index, which tells us how wealth is distributed across the citizens of any given country. A score of 0 on the Gini scale would tell us that everyone has the same amount of money, wealth is perfectly distributed. And a score of 100 would tell us that one person has all the money and everyone else has nothing.