Inequality and the Internet
Today, nearly every resident of a developed country can easily afford a smartphone, thereby gaining inexpensive access to a universe of human knowledge that, until a generation ago, only the richest could afford. Is it possible that conventional measures of inequality and income vastly underestimate just how good we have it?
https://prosyn.org/nFD38ol
BERKELEY – The conclusion that America has become vastly more unequal over the past 35 years is beyond doubt. Since 1979, the pattern has been clear: The richer you were, the far richer you have become. And if you were poor, you probably stayed poor.