alt Hacker NewsIt is correct. The richest 10% now earn 53% of global income. The top 10% average income/bottom 50% average income ratio has went from 18x to 38x in the last 200 years.
It is correct. The richest 10% now earn 53% of global income. The top 10% average income/bottom 50% average income ratio has went from 18x to 38x in the last 200 years.
Ratios gonna ratio.
It's not mutually exclusive with enormous relative improvement at the bottom, from where people were to where they are now. China and India have all but ended open defecation and there's running water in places we'd never dream of a generation ago. Diseases are being eradicated saving huge numbers of lives.
Rich got richer contains zero information about how poor people fared - even accounting for relative numbers in your claim.