Wealth inequality and immobility

In economics the Great Gatsby Curve illustrates the connection between concentration of wealth in one generation and the ability of those in the next generation to move up the economic ladder compared to their parents.

Amongst the super-rich in America inequality has been rising as well as immobility. One argument to explain this is that the process of amassing wealth is undertaken by taking or limiting of power from others, limiting other’s ability to move higher in the social hierarchy. 

 

Image: The Great Gatsby Curve, Investopedia 

 

Source: Blair Fix, The Great Gatsby curve among America’s über rich

Back to posts

What you need to know, without the noise.