Hacker News new | ask | show | jobs
by JackRabbitSlim 2289 days ago
"Where do you have the greatest degree in equality?" The answer to that looks very different in 2020 than it did in 1970.

"Look at the wage rate between the foreman and the worker in Iussia" - I have, a foreman in the US today makes twice the hourly rate of the worker and that's before benefits packages and other compensations low level hourly workers do not get. So it can be more than double.

In fact, the OECD's own data the US is now has a wider inequality gap than Russia.

https://data.oecd.org/inequality/income-inequality.htm

Only in economics could someone be so provably wrong yet considered a luminary...

1 comments

The talk was given in 1977 when at the time Russia was socialist. This is no more the case. A better comparison can be made today with say Venezuela.