Ah, the rich are getting richer, and the poor are getting poorer. Starbucks-drinking, video-game-playing, iPhone-pecking non-workers of the world unite!
Or something like that, anyway.
This may just, essentially, be the message delivered by Scott Galloway, podcaster and professor of marketing at New York University’s Stern School of Business. In a Morning Joe appearance in which he called President Donald Trump “an insurrectionist and a rapist,” Galloway claimed that “income inequality” was bringing us closer to revolution. But is it?
Or is a perception of it doing so?
Related to this, are the typical presentations of income-inequality statistics enlightening or deceptive?
And most significantly, does “inequality” really matter? What does it actually tell us in and of itself?
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