tag:blogger.com,1999:blog-18156735.post585614797953241651..comments2023-10-29T17:43:27.054+07:00Comments on café salemba: On inequality and globalization, againUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-18156735.post-53239851369030261982007-08-31T10:38:00.000+07:002007-08-31T10:38:00.000+07:00Marx (are you Karl, Groucho or Richard?) -- it cou...Marx (are you Karl, Groucho or Richard?) -- it could happen. well, it does happen. remember that we talk about relative changes in consumption/income across people from different consumption/income groups.<BR/><BR/>1. the result sometimes depend on where do we draw the line between the 'poor' and 'rich.' 1st vs. 5th quintile? bottom half vs. top half? top 20% vs. the rest?<BR/>--> "not all rich are equal, and not all poor are equal."<BR/><BR/>2. it highly makes sense especially when we use consumption instead of income, which, in some circumstances, is a more appropriate measure of living standard.<BR/><BR/>3. even if we use income (sometimes we can), the poor may still gets rich faster (see #1).<BR/><BR/>4. gets more complicated if we compare rich vs. poor in different regions/countries.a.p.https://www.blogger.com/profile/10803193376611057742noreply@blogger.comtag:blogger.com,1999:blog-18156735.post-43749073294131734192007-08-29T18:36:00.000+07:002007-08-29T18:36:00.000+07:00it just doesn't make sense if the rich get richer ...it just doesn't make sense if the rich get richer slower than the poor. logically, the rich have more money to save/invest, agree? thus, the rich must get rich faster than the poor.Anonymousnoreply@blogger.com