Not Like Musical Chairs
Posted in Inequality on Jan 20th, 2012
Imagine a 20 person economy. In this economy, we can arrange all of the income earners from lowest-earning to highest earning in increments: Person 1 $10.00 Person 2 $10.50 Person 3 $11.03 Person 4 $11.58 Person 5 $12.16 Person 6 $12.76 Person 7 $13.40 Person 8 $14.07 Person 9 $14.77 Person 10 $15.51 Person 11 […]
