Many people have a gut feeling that a large gap in wealth between the richest and poorest in a country is bad. However, it's nicer to have data illustrating these negative associations. This talk has lots of interesting graphs demonstrating the associations between economic inequality and various important outcomes. They pass quickly, so I recommend repeatedly pausing. The presentation is rather ho-hum, but I find the content fascinating.
Showing posts with label 99%. Show all posts
Showing posts with label 99%. Show all posts
12.20.2011
TED Tuesday: How Economic Inequality Harms Societies
This selection was inspired by my most recent Deconstructing December post.
Many people have a gut feeling that a large gap in wealth between the richest and poorest in a country is bad. However, it's nicer to have data illustrating these negative associations. This talk has lots of interesting graphs demonstrating the associations between economic inequality and various important outcomes. They pass quickly, so I recommend repeatedly pausing. The presentation is rather ho-hum, but I find the content fascinating.
Many people have a gut feeling that a large gap in wealth between the richest and poorest in a country is bad. However, it's nicer to have data illustrating these negative associations. This talk has lots of interesting graphs demonstrating the associations between economic inequality and various important outcomes. They pass quickly, so I recommend repeatedly pausing. The presentation is rather ho-hum, but I find the content fascinating.
Deconstructing December: The 12 days of Christmas or a song for the 1%
Time recently ran an article on the "Cost of Christmas" and how it is no longer affordable for the average American. And by “Cost of Christmas,” they of course mean the estimated cost of buying all the gifts in the classic song “The Twelve Days of Christmas” – all 364 of them. Apparently PNC wealth considers this such a priority that they have been estimating this cost every year since 1984.
In 2011, it would cost you $101,119.84 to buy your “true love” the gifts ($24,263.18 if you were just paying for day 12). Obviously, this is not your average Christmas gift. In fact, it’s about 155 times more than the average American intends to spend this holiday season ($646 according to the American Research Group, Inc.). Given all that has happened recently, do we really need another reminder of what the 1% can afford and the rest of us can't?
In 2011, it would cost you $101,119.84 to buy your “true love” the gifts ($24,263.18 if you were just paying for day 12). Obviously, this is not your average Christmas gift. In fact, it’s about 155 times more than the average American intends to spend this holiday season ($646 according to the American Research Group, Inc.). Given all that has happened recently, do we really need another reminder of what the 1% can afford and the rest of us can't?
So what are the 99% to do? I propose that they stop defining their wealth by these rich standards and start trying to live within their means. Therefore, I propose to you an amended list for the 99%.
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