My sister recently shared a video from Upworthy about wealth distribution in America. It leaves the distinct impression that things are unfair in America’s economic system. It uses facts and sources to back up it’s point. And it is very convincing.
However, it also left me with some questions. Lots of questions.
Questions like: Did the overall standard of living go up as well? How does the poverty level today compare with the poverty level in the decades they were comparing? In other words, in real dollars, has the poverty line moved or stayed the same? Has opportunity to join the ranks of the wealthy gone up or down? What caused this? How does America’s poor compare with the wealth and poverty of other nations?
Without debating the actual facts of the video, the message it sends or the mistaken concept of wealth as a finite resource instead of a renewable or expanding resource, I want to address these sorts of videos as a general whole. Read the rest of this entry »