Francois How The Rich As The Poor Catch USmmary
The article “How the rich get richer as the poor catch up” really opened my eyes with all the facts on global inequality. Our society tries to compare themselves to the people we see around us, but we don’t think abut the ones that are on the other side of the world. An example Francois uses is how French men wouldn’t care if a Chinese person exceeds his standard of living. Now if it was one of his fellow citizens and they started lagging on their standard of living then the French men would pay attention. In the article Francois says “Yet, when thinking about inequality, it also makes sense to approach the world as a single community” this quote caught my attention as a reader because we only care and think about ourselves when it comes to inequality.
Many trends stand out when you look at the world from that perspective. The first trend that stand out is how global inequality exceeds inequality with any individual country. The richest and poorest countries have a huge difference in wealth. In that case global inequality has declined markedly since 2000. During the 1990s the decline in 2000 has been much slower. China and India has been …show more content…
In the “how the rich get richer as the poor catch up” article I learned how the united states has more power than other countries. I also seen how savage our country is when I saw the Gini coefficient. They compare to the inequality from the David article because we see how wages are constructed. The richer which is the CEOs get higher wages than low income employees by more than what I expected. 7 times is such a big number when you start visioning the pay scale. They have full control of most of our incomes. The global inequality is such a bigger threat as the Islam because we seem to never focus on what’s right in front of us. This leads into a bigger conflict because the situation will only get worst when we don’t pay attention to
Many trends stand out when you look at the world from that perspective. The first trend that stand out is how global inequality exceeds inequality with any individual country. The richest and poorest countries have a huge difference in wealth. In that case global inequality has declined markedly since 2000. During the 1990s the decline in 2000 has been much slower. China and India has been …show more content…
In the “how the rich get richer as the poor catch up” article I learned how the united states has more power than other countries. I also seen how savage our country is when I saw the Gini coefficient. They compare to the inequality from the David article because we see how wages are constructed. The richer which is the CEOs get higher wages than low income employees by more than what I expected. 7 times is such a big number when you start visioning the pay scale. They have full control of most of our incomes. The global inequality is such a bigger threat as the Islam because we seem to never focus on what’s right in front of us. This leads into a bigger conflict because the situation will only get worst when we don’t pay attention to