Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131

Warning: Cannot modify header information - headers already sent by (output started at /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php:6131) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/feed-rss2-comments.php on line 8
Comments on: Rising inequality as a result of falling scarcity? http://www.tvhe.co.nz/2012/01/19/rising-inequality-as-a-result-of-falling-scarcity/ The Visible Hand in Economics Wed, 25 Jan 2012 19:02:44 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Why fear labour market globalisation? » TVHE http://www.tvhe.co.nz/2012/01/19/rising-inequality-as-a-result-of-falling-scarcity/#comment-36490 Wed, 25 Jan 2012 19:02:44 +0000 http://www.tvhe.co.nz/?p=6628#comment-36490 […] of the “economic pie” – this is a great thing.  As a result of this we may see a hollowing out of the middle class in developed countries in the near term – so what.  We could make the argument that the […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2012/01/19/rising-inequality-as-a-result-of-falling-scarcity/#comment-36424 Fri, 20 Jan 2012 17:43:24 +0000 http://www.tvhe.co.nz/?p=6628#comment-36424 In reply to Mike Booker.

Two things with the idea of the top 0.1%.

1)  That is very much an issue in the US rather than a globalone – at least we don’t have the data at that level to see if it is here, but given we don’t have the same 1% issues I’d assume so.

2)  This could be completely consistent with technology as well, if the top 0.1% are in areas that are especially sensitive to this technological change.

Note that technology is one among many explanations for rising inequality – in truth we need to find a way to work out what magnitude of any change is driven by each explanation before we can say anything.  And before doing that, we need to measure inequality properly – by recognising that different groups are facing different changes in prices, and so that our real income figures are biased.

]]> By: Mike Booker http://www.tvhe.co.nz/2012/01/19/rising-inequality-as-a-result-of-falling-scarcity/#comment-36414 Thu, 19 Jan 2012 07:30:23 +0000 http://www.tvhe.co.nz/?p=6628#comment-36414 Skills story might explain the 1 percent phenomenon, but what’s going on with the top 0.1 percent who have most of the wealth and clout? Not related to technology.

]]>