Saturday, June 17, 2006

inequality grows in america


jun 16th

and who will they blame? foreigners, of course! although not that many service jobs are actually moving to india, they feel many are indeed moving.

btw, india's gini coefficient is far better than america's: it has been in the .30 range for a long time. marxists should note, china's has consistently been greater than india's: that is, there is much more inequality in the worker's paradise than in india. of course, the other side of it is that it implies that there has been no incentive for indians to create wealth, either.

http://www.economist.com/world/displaystory.cfm?story_id=7055911


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