Laura Vanderkam on Income Inequality
futureofcapitalism.com

Smart, short post by Laura Vanderkam about income inequality in her own life:

On one hand, this seems atrociously unfair, that someone can earn more with an hour's labor than it takes someone else an entire summer to earn. On the other hand, in this example, the someone else is the same person. Over time, this same individual is able to move into work that the market rewards more. I tend to think that an ideal society would tolerate inequality but offer lots of opportunity. You work crappy jobs when you're young and unskilled but have a clear path to earning more by learning different skills.

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Laura Vanderkam on Income Inequality
futureofcapitalism.com

Smart, short post by Laura Vanderkam about income inequality in her own life:

On one hand, this seems atrociously unfair, that someone can earn more with an hour's labor than it takes someone else an entire summer to earn. On the other hand, in this example, the someone else is the same person. Over time, this same individual is able to move into work that the market rewards more. I tend to think that an ideal society would tolerate inequality but offer lots of opportunity. You work crappy jobs when you're young and unskilled but have a clear path to earning more by learning different skills.

Read More...