Wealthy inequality may be worse than measured

Use DarkSydoTheMoon@aol.com

Use DarkSydOtheMoon@aol.com

I had hoped not to have to ask, but I’m between jobs, approaching dead broke and could use any help anyone can provide. No amount is too big or too small. Paypal email is DarkSydoTheMoon-at-aol-com. The economy’s definitely better, at least there are more ads for jobs here in Austin than in months past. But few of them are the kind of jobs that pay a middle class salary. Mostly 10 and 11 dollar an hour deals. The one-percent are reportedly doing fine though:

CBS News — that the level of income inequality is much worse than in other countries. The richest Americans hold a far greater share of the country’s wealth than the richest citizens in nine other countries, according to Vermeulen’s research.

The next two countries where the richest residents hold the biggest share of the pie were Austria, with 33 percent to 36 percent, and Germany, with 32 percent to 33 percent of wealth share.

The piece is about how wealth inequality may be worse than current survey methods indicate. That’s good to know. Maybe the Ramen and tuna fish will taste a little sweeter tonight.


  1. M can help you with that. says

    But that’s what it means to say that “the economy’s definitely better” — profits are up, labor costs are down, therefore “the economy” is definitely “better.”

    It’s just that “the economy” refers to a set of metrics which really don’t say much of anything about how well things are going for most people.

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