Update (August 6): S & P's solution leaves something to be desired.
Update (November 15): A study by Sorapop Kiatpongsan and Michael I. Norton shows that people tend to underestimate the pay gap between CEOs and regular workers.
Tuesday, August 5, 2014
Perception of Inequality
A report from Standard & Poor's states that rising inequality damages the economy by making it more prone to boom and bust cycles, and by lowering the rate of growth. Why don't voters demand that something be done? A study at the University of Hannover in Germany suggests it's because we don't grasp the extent of inequality.
Update (August 6): S & P's solution leaves something to be desired.
Update (November 15): A study by Sorapop Kiatpongsan and Michael I. Norton shows that people tend to underestimate the pay gap between CEOs and regular workers.
Update (August 6): S & P's solution leaves something to be desired.
Update (November 15): A study by Sorapop Kiatpongsan and Michael I. Norton shows that people tend to underestimate the pay gap between CEOs and regular workers.
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