This motion graphic is on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.
COMMENTARY: If you think capitalism is working, then you have to look at the above video infographic of America's distribution of wealth. We are basically a nation of paupers with a middle class that is being squeezed as never before. If the idea was to lower wages to the point where it is difficult to make an honest living or buy luxuries or even own a home, then capitalism is definitely not working. When you have this type of wealth distribution inequality, you are really asking for problems. We used to be a nation of consumers, but if the above trend continues, you have to ask yourself, who is going to buy what we produce? No wonder employment is high, employers got used to not hiring people following the slow recovery after the Great Recession. Now they are about to find out that there are simply not enough buyers for what we produce. With the potential for even smaller consumption of goods and services, we could be at a tipping point leading to another recession.
Courtesy of an infographic designed by Visual.ly
Now they are about to discover out that there are basically not enough customers for what they generate.
Posted by: iketz | 03/22/2013 at 11:05 PM
Well, I think one factor is how the poor and middle class people think. All they know is spend what they earn. While the rich thinks how to get more from what they have. Some of them starts small and gets big. The option could be a regulation of gathering wealth which should be studied thoroughly. It is still vague if it is a good option. What I fear now is the reality that the gap between the rich and the poor is so big that it will be a reason to have a recession again.
Posted by: Jason Light | 03/19/2013 at 07:18 PM