Perhaps they can be defined statistically, as so many standard deviations above or below the mean. Then again, neither income nor wealth is distributed normally, as those attributes of the human condition that allow one to acquire them almost certainly are. I concur that wealth should not be distributed equally, since human talents are not, but it should be distributed normally, as are the abilities to contribute to society.
The level of economic justice of a civilization can be determined by how closely the distribution of wealth approaches a Gaussian distribution. This is the trend of history as well as of the recognized economic successes of contemporary societies. When the (wealth,population) curve starts skewing to the right, when less and less control more and more, that is when you know you have a real problem and that it's getting worse.
Flame » in reply to Speaking as someone who has dealt with investors...
Skewness and Kurtosis--fascinatin' algorithm
The whole thread (83 posts)
- Minimum wage increases
- Instead of raising the minimum wage...
- "Children fared worse in the U.S. because of greater economic inequality and poor levels of public support for families
- Conservatives just hate working people.
- re: Open voting
- I've come to think of it as "American Business"
- Actually, you seem just as hateful if not more so...
- ...and
- BS. Conservatives are working people.
- Another "definition issue."
- Oppose minimum wage, on the job accident coverage, OSHA, etc. Hate. (n/t)
- I guess a 12% poverty rate is good by world standards
- re: Minimum wage increases
- The real problem with a minimum wage increase
- Used to see teenagers mowing lawns all the time.
- re: Minimum wage increases
- Market economics vs minimum wage reality
- Interesting thing re minimum wage
- That tripe comes out every time there's an increase.
- "Did you read about the Republicans stopping investigation into Halliburton's corruption in Iraq
- "Living wage"