Everyone says "the rich are getting richer and the poor are getting poorer.
Most of the rich are getting richer. There are many exceptions (Michael Jackson, Vanilla Ice, MC Hammer, etc).
However I think by in large the poor are getting richer. Now many of the "poor" work 40 hours (or less) per week, are over weight, own cars, cell phones, tv's, and cable subscriptions.
Now If Bill Gates' net worth doubles, the gap between the rich and the poor has just doubled, however this does not make the poor and more poor.
So, where is the evidence that the majority of the poor are getting poorer???
2007-02-26
12:37:35
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16 answers
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asked by
Ender
6
in
Economics