Post
Topic
Board Economics
Re: The Richest 1% Now Own More Than 50% of the World’s Wealth
by
Kronos21
on 13/12/2017, 17:14:06 UTC
I care about the poor first. The "1 billion people live on less than US$1.25 a day" is impactful.
But even more important is the solution, how do we fix this? Basic necessities, then jobs. And after that, increase wages and living standards. Basic should be done first.
You can't increase the number of jobs indefinitely. In 2008, we have witnessed the crisis of overproduction. If someone thinks that the problem has already decided he is wrong. You say that people live off $ 1.25 a day. But to measure the standard of living currency is not correct. Need to measure the number of products they can buy. But they can not afford to buy such as a TV. What sense to increase the number of jobs in the production of televisions?