Wow, it’s been a while, hasn’t it? I took a break for our family vacation (I thought) and it turned into a break for the rest of the summer. Well now that school is back in session, I figured I’d better start writing again. While I haven’t been posting, I have been keeping up with the WordPress news and I have kept reading economic books and blogs. But enough about that, let’s get into the actual post here.
Most of y’all have probably read about or at least heard of, the income equality gap also called the wage gap. For those of you who haven’t though, I’ll give y’all a refresher course.
The idea of the wage gap is an idea proposed by multiple mainstream media persons and other various people, most of them left wing. The idea itself, however, is not a new one, it’s actually been around ever since the 80’s and the Labor Party in the United Kingdom. In a nutshell, it says that the rich are getting richer and richer and the rest of us are getting poorer and poorer.
While technically it’s true that the top one percent is owning more and more while the poorest percentage in the US own less and less, we need to look at the bigger picture. Did you know that to be in the top 1% you only need to earn the equivalent of $34,000?* While I’m no expert, I would expect that at least one reason the rich people in America are owning more and more is simply that more people are becoming wealthy.
Think about it, if you are reading this, you are already extremely well off compared to the rest of the world. You most likely have a computer or even a tablet which allows you access to the internet. This is more than most of the world does. I’ve personally seen the conditions that people live in around the world, having been to places like China and Turkey, I’ve been in a Chinese school where we (yes we, I went to that school while we were in China. I was like 3 or 4 at the time) all used the same drinking cup, all went to the same bathroom that didn’t have stall walls.
I’m not saying all this to make you feel bad or guilty. In fact, it’s not your fault at all, or anyone’s fault for that matter. These countries are still developing, all countries have gone through that stage. Yes, even America. But back to the topic, we are living in the wealthiest era in human history and yet still people are clamoring for more. The root cause in my option is simple jealousy, one of the most innate human feelings.
Well, there you have it., my opinion of the (supposedly growing) wage gap and why I think it is really just an insignificant little issue that is blown up to look like a big problem.
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- According to the Daily Mail http://www.dailymail.co.uk/news/article-2082385/We-1–You-need-34k-income-global-elite–half-worlds-richest-live-U-S.html