Home > Uncategorized > Distribution and redistribution of wealth in USA

Distribution and redistribution of wealth in USA

Wealth distribution by percentile

Source:
https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#/media/File:Wealth_distribution_by_percentile_in_the_United_States.png 

Source: https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#/media/File:If-us-land-mass-were-distributed-like-us-wealth.png

 

Source:  https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#/media/File:U.S._economic_variables_related_to_the_distribution_of_wealth_and_income.png

 

Source: https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#/media/File:US_Wealth_Inequality_-_v2.png

 

,https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States#/media/File:Wealth_inequality_panel_-_v1.png

 

 

  1. Grayce
    January 24, 2019 at 3:46 pm

    Here’s a question. Is the unit of productivity weighted to capital or labor? The reason it matters is that the formula output/input is generally expressed in monetary units. But, what if a closer inspection revealed that real wages have not remained parallel with the effort of labor? If so, then changes in output over an artificially deflated input would be confounded.
    Has anyone done any work in this area showing a hidden redistribution of wealth? It is somewhat like surplus and profit, but not articulated in the framework of that productivity divisor or denominator.

  2. Mike Ryan
    January 24, 2019 at 5:19 pm

    Productivity is a distraction from the more important matter for most people. Productivity can go up with the implementation of robotics or AI – but why should the worker on the line be paid anymore than he was before the robot came along. In the 50’s workers used to claim any productivity gains should be matched with higher pay to the worker. This is the typical labor union position on productivity. The Union’s focus on productivity gains was some sort of counterweight to capital investment on robotics.

    Corporations loved the distraction as it avoided the discussion on profits.

    Suppose productivity stayed the same but profits went up 30% – should the workers receive profit sharing bonuses or simply the same paycheck as the year before. I would argue that Total Real Median Income should track GDP. As the economy grows – all boats should float. Productivity is too easy to manipulate – to your question productivity per dollar paid or productivity per hour of work? Output in units or output in dollars sold? I would also argue that all labor contracts should have a profit incentive bonus that parallels executive bonus payouts. If the CEO gets x% – same for the working crew.

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