Wednesday, August 2, 2017

The broken ladder

The broken ladder: how income inequality affects the way we thing, live and die / Keith Payne, 246 pgs.

This book covers the effects of inequality on individual and society.  There are a lot of ways to examine this phenomenon.  Payne looks at psychological effects, physical effects, and moral effects of inequality.  This is not just a study on poverty.  People who are fairly rich feel the effects of inequality if they are around people who are even more rich.  What happens when you get a raise but continue to compare yourself to people with higher incomes?  You spend that raise trying to keep up.  Lots of other interesting information here.

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