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by yummyfajitas 5558 days ago
Economics also plays a big role. Most of us outside India just don't get this.

In India, your choices are the following:

a) Be a (relatively, not absolutely) rich doctor or engineer in the top 2.5% [1] of India (in terms of income).

b) Be poorer than the bottom 2.5% of Americans. Very likely, be poor even by the standards of Brazil or Mexico.

I'd work a job I hate to avoid that. I'd encourage my kids to do the same. Most people would.

http://economix.blogs.nytimes.com/2011/01/31/the-haves-and-t...

[1] Rough approximation: I am assuming the 2.5% mark corresponds to the average of the top/bottom ventile in the graph I linked to.

1 comments

But this won't solve the problem, does it? This will actually make it worse and lead to unhappy/tired generations. I'll actually sensibles people and push them to make a revolution.
The situation sucks, but only economic growth will solve the problem. The fundamental problem is scarcity - not enough wealth to go around.

A revolution against economic reality will not create wealth.

(Granted, a revolution against corrupt government workers demanding bribes might. If that's the revolution you want to start, I'll lend my pitchfork.)

Thank you! Some "real" problems have to be solved before one can blame amorphous entities like "learning problem solving", passion, culture, etc.
"The fundamental problem is scarcity"

Is it? I think distribution is more the issue. We shouldn't underestimate the paralyzing impact pervasive bureaucracy and corruption can have on an economy.

No matter how you distribute $3k per person per year (PPP adjusted), it's not very much.

I don't think I underestimated the impact of bureaucracy and corruption - if you notice, I sort of advocated lynching corrupt government officials.