Note on Understand the Economy Part 2: What Is Wealth Inequality? via Garys Economics
when you have a very unequal society, you have a huge group of people desperate to work for a tiny group of people who don’t spend much money and don’t need any workers because they’ve got all of this productive capital and productive technology. So that’s number one. Conclusion number one, you can put it up there if you want.
Unequal economies have low wages.
Reference
- Notes
- wealth, capitalism, economics
- Understand the Economy Part 2: What Is Wealth Inequality?
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