(Roughly) Daily

Posts Tagged ‘income disparity

“Material progress does not merely fail to relieve poverty, it actually produces it. This association of progress with poverty is the great enigma of our times. It is the riddle that the sphinx of fate puts to our civilization. And which NOT to answer is to be destroyed.”*…

John Burn-Murdoch brings the data…

Where would you rather live? A society where the rich are extraordinarily rich and the poor are very poor, or one where the rich are merely very well off but even those on the lowest incomes also enjoy a decent standard of living?

For all but the most ardent free-market libertarians, the answer would be the latter. Research has consistently shown that while most people express a desire for some distance between top and bottom, they would rather live in considerably more equal societies than they do at present. Many would even opt for the more egalitarian society if the overall pie was smaller than in a less equal one.

On this basis, it follows that one good way to evaluate which countries are better places to live than others is to ask: is life good for everyone there, or is it only good for rich people?

To find the answer, we can look at how people at different points on the income distribution compare to their peers elsewhere. If you’re a proud Brit or American, you may want to look away now…

To be clear, the US data show that both broad-based growth and the equal distribution of its proceeds matter for wellbeing. Five years of healthy pre-pandemic growth in US living standards across the distribution lifted all boats, a trend that was conspicuously absent in the UK.

But redistributing the gains more evenly would have a far more transformative impact on quality of life for millions. The growth spurt boosted incomes of the bottom decile of US households by roughly an extra 10 per cent. But transpose Norway’s inequality gradient on to the US, and the poorest decile of Americans would be a further 40 per cent better off while the top decile would remain richer than the top of almost every other country on the planet.

Our leaders are of course right to target economic growth, but to wave away concerns about the distribution of a decent standard of living — which is what income inequality essentially measures — is to be disinterested in the lives of millions. Until those gradients are made less steep, the UK and US will remain poor societies with pockets of rich people…

Britain and the US are poor societies with some very rich people,” from @jburnmurdoch.

For a different (but not altogether contrary) perspective, see Noah Smith (@Noahpinion): “No, the U.S. is not “a poor society with some very rich people” (“We’re a rich society with some very poor people…”)

For an authoritative (and fascinating) account of how we got here: “Our Ancestors Thought We’d Build an Economic Paradise. Instead We Got 2022,” from @delong, adapted from his terrific new book, Slouching Toward Utopia.

Henry George, Progress and Poverty (whose point seems to accrue whether one comes down with Burn-Murdoch or with Smith…)

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As we ponder progress, we might recall that it was on this date in 1962 that Americans met The Jetsons; the animated series premiered on ABC (the first color series on the network). The show was scheduled opposite Walt Disney’s Wonderful World of Color and Dennis the Menace and didn’t receive much attention; it was cancelled after one season and moved to Saturday mornings, where it was very successful.

Apart from flying cars and outer-space dwellings, much of the technology of The Jetsons has become commonplace: people now communicate via video chat on flat screens; domestic robots (like Roomba) are widespread, and various high-tech devices are the instruments of our leisure. But The Jetsons broader portrayal of life is still far from commonplace: while its world is one in which capitalism and entrepreneurship still exist and technology has not changed fundamental elements of human nature, it posits social advances (e.g., George Jetson works an hour a day, two days a week) that haven’t accrued and a society– no people of color, no working mothers, no single parents, no gay marriage, no poverty– that seem (to put it politely) quaint. Still, Smithsonian‘s Matt Novak, in an article called “Why The Show Still Matters” argues, “Today The Jetsons stands as the single most important piece of 20th century futurism… It’s easy for some people to dismiss The Jetsons as just a TV show, and a lowly cartoon at that. But this little show—for better and for worse—has had a profound impact on the way that Americans think and talk about the future.”

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And we might agree with  Andrew Womack (@Womack) and Rosecrans Baldwin (@rosecrans) that “it is a special pleasure to link this year after year: “it’s decorative gourd season, motherf*ckers.”

Written by (Roughly) Daily

September 23, 2022 at 1:00 am

“Everyone can enjoy a life of luxurious leisure if the machine-produced wealth is shared, or most people can end up miserably poor if the machine-owners successfully lobby against wealth redistribution”*…

 

What can a 19th-century rebellion against automation can teach us about the coming war– the robots are coming!– in the job market?

Clive Thompson, an author and journalist at the New York Times Magazine and Wired, revisited Luddite’s history in an article for The Smithsonian to see what it could teach us. As machine learning and robotics consume manufacturing and white-collar jobs alike, the 200-year-old rebellion’s implications for automation are more relevant than ever, says Thompson:

“The lesson you get from the end of the Luddites is: Do the people that are profiting off automation today want to participate in distributing their profits more widely around the population, or are they going to fight just as hard as they did back then?”

That economic and political question is hanging over western democracies coping with a wave of populism seemingly tracking a widening gap between stagnant wages and ballooning wealth at the top. While automation eventually tends to create new jobs even after it destroys old ones, that’s little consolation for millions of workers whose skills and experience are obsolete…

More on this all-too-relevant history in a interview with Thompson: “Luddites have been getting a bad rap for 200 years. But, turns out, they were right.”

And do read Thompson’s original article: “When Robots Take All of Our Jobs, Remember the Luddites.”

Then, check out “Robots don’t have to take over jobs in order to be a problem for workers.”

* Stephen Hawking

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As we heft our hammers, we might we might send thoughtful birthday greetings to José Ortega y Gasset; he was born on this date in 1883.  A philosopher and essayist, he is perhaps best known for The Revolt of the Masses, which characterized 20th-century society as dominated by masses of mediocre & indistinguishable individuals– a conception tha converged with other “mass society” theorists like Karl Mannheim, Erich Fromm, and Hannah Arendt.  (Lest his view be seen as too grim and judgmental, he is memorialized in what has become known as “the Ortega hypothesis,” based on a quote in The Revolt of the Masses, that states that average or mediocre scientists contribute substantially to the advancement of science.)

In exile during the Spanish Revolution, he refused to support either side or to hold academic office under Franco.

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Written by (Roughly) Daily

May 9, 2017 at 1:01 am

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