Since I stumbled into this video about an hour ago and I got quite a bit of feedback on the Lawn-Mowing post I decided to follow up right away.
The result of capitalism's
exponential pushing up and pulling down of people
exponential pushing up and pulling down of people
Tadaaa:
Ok the situation seems bad and unfair - it is in many ways.
Although the exponential curve draws out beautifully, at least if we cut off the top 10% we get a distribution similar to the ideal - so if we cut off the people that are in the clouds and those with whom we don't have an interaction with, it's not that bad (yeah.. it's still pretty bad).
A must see: good visualization on how fast rich people make money:
http://money.cnn.com/interactive/economy/sixty-seconds-of-salary/
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