Saturday, September 27, 2014

Americans have no idea how unequal the distribution of income is

Click here to access article by David Ruccio from Real-World Economics Review.
...American respondents estimated the ratio of estimated incomes of CEOs to unskilled workers to be 29.6, whereas the actual ratio was about 354....
Tyler Durden suggests that there is one way to survive: befriend a rich person by hanging out in places where the rich are. And, he helpfully provides us with a "The Billionaire Social Calendar". Maybe we of the poor might run into each other at these occasions. If we get bored, we can swap notes and tips on how to make friends with a rich person.