A global study led by a researcher at Columbia University Mailman School of Public Health and published in the journal Scientific Reports finds that economic inequality on a social level cannot be explained by bad choices among the poor nor by good decisions among the rich. Poor decisions were the same across all income groups, including for people who have overcome poverty.
    • sarjalim@lemm.eeEnglish
      0·
      1 year ago

      Just remember, as someone else mentioned when this graph was posted on Reddit, that this is income and not wealth share. The wealth gap is much, much larger for every country pictured here, and the income difference compounds into a wealth difference abyss over time.

      • emerty@feddit.ukEnglish
        0·
        1 year ago

        Yes, but people get paid income in wages, so it is still relevant. That some of them turn income into appreciating assets, or wealth, is a separate issue.

        • sarjalim@lemm.eeEnglish
          0·
          1 year ago

          Sure, I’m not arguing against the graph or that it is relevant. Just a friendly (dystopian) reminder that the top 1% of income earners don’t really rely on income. They make most of their money investing capital or company profits in ways where they can avoid paying income tax.