I enjoyed reading this post, as I’m always perplexed by the extent of inequality in life. Having had the privilege of living as the working poor, and of extreme decadence, I’m in a position to state quite simply:

Nominal and material inequality are one and the same.

Only an academic could think otherwise. As one poster has suggested, the freedom to chose one shit job over another, cannot be compared with deciding which resort you want to spend your summer at.

They are not equal

I enjoyed reading this post, as I’m always perplexed by the extent of inequality in life. Having had the privilege of living as the working poor, and of extreme decadence, I’m in a position to state quite simply:

Nominal and material inequality are one and the same.

Only an academic could think otherwise. As one poster has suggested, the freedom to chose one shit job over another, cannot be compared with deciding which resort you want to spend your summer at.

They are not equal

statements like this undermine the entire comment base to this posting.

statements like this undermine the entire comment base to this posting.

The middle class developed after World War II because of the housing and G.I. support from the government. However back then a moderate lifestyle could be supported by a single working parent. Nowadays except for the wealthy, most families need to have both adults working full time to support an acceptable lifestyle. Given that a worker working full time on minimum wage earns below the given poverty line is truly frightening. Not to mention that when I am fired from a job for poor performance, my severance package rarely approaches the 200 million height.

Education is the solution, however to create an educational system that is based on a market already skewed towards the elitist society would only further inequality. We trap the poor and then blame them when they do not succeed. So what are they to do? And besides, does anyone personally need a net worth of over a couple million dollars? Why do economists believe that economic laws are equivalent to physical laws, unchangeable and necessary. The market is not God, despite how much you wish it to be.

The middle class developed after World War II because of the housing and G.I. support from the government. However back then a moderate lifestyle could be supported by a single working parent. Nowadays except for the wealthy, most families need to have both adults working full time to support an acceptable lifestyle. Given that a worker working full time on minimum wage earns below the given poverty line is truly frightening. Not to mention that when I am fired from a job for poor performance, my severance package rarely approaches the 200 million height.

Education is the solution, however to create an educational system that is based on a market already skewed towards the elitist society would only further inequality. We trap the poor and then blame them when they do not succeed. So what are they to do? And besides, does anyone personally need a net worth of over a couple million dollars? Why do economists believe that economic laws are equivalent to physical laws, unchangeable and necessary. The market is not God, despite how much you wish it to be.