Poor Little Rich Man
Katherine Mangu-Ward | March 13, 2007, 6:06pm
Maybe it's true that the rich are getting richer and the poor are getting poorer. But the poor are also getting a lot more time to enjoy "our friends, our hobbies, and our favorite TV shows." While people in the top 10 percent have about the same amount of leisure time now as their counterparts did in 1965, the bottom 10 percent have gained about 14 hours a week in free time.
Over at Slate, Steven E. Landsburg offers some musings on these surprising facts:
First, man does not live by bread alone. Our happiness depends partly on our incomes, but also on the time we spend with our friends, our hobbies, and our favorite TV shows. So, it's a good exercise in perspective to remember that by and large, the big winners in the income derby have been the small winners in the leisure derby, and vice versa.
Second, a certain class of pundits and politicians are quick to see any increase in income inequality as a problem that needs fixing—usually through some form of redistributive taxation. Applying the same philosophy to leisure, you could conclude that something must be done to reverse the trends of the past 40 years—say, by rounding up all those folks with extra time on their hands and putting them to (unpaid) work in the kitchens of their "less fortunate" neighbors. If you think it's OK to redistribute income but repellent to redistribute leisure, you might want to ask yourself what—if anything—is the fundamental difference.
Read the original study here.
rob | March 14, 2007, 9:48am | #
"No. Wealth is relative and if a certain group is building wealth at a slower pace than society at large then that group is getting poorer, since the only way you can be poor or rich is in comparison to everybody else." - Dan T.
Nonsense. If everyone were billionaires, you think that the people who had 5 billion would envy those with 6 billion? On the other hand, if everyone is starving, then the guy with a crust of bread has the status of a billionaire.
"I don't know about this - I would think that the desire for equality is a natural one among people and to assign the perjorative term 'envy' to those who wish to be treated like others seems a little like blaming the victim." - Dan T.
Envy is what you experience when you have enough, but want what belongs to someone else. It has very little to do with how people treat other people. Unjust treatment should and usually does bring about righteous indignation, a completely different emotion. But that brings us to your next point...
"You could say that anybody who is treated unjustly is going to be jealous of those who are not." - Dan T.
True, but there's a huge difference between being TREATED unjustly and how much money one makes/has. The two are not related. That's why "all men are created equal" is a reference to how they are treated by their government and their society, not as an edict to chop off chunks of people's legs to make them all the same height.
"You could say that anybody who is treated unjustly is going to be jealous of those who are not." - Dan T.
Unjust treatment does not breed jealousy, but righteous indignation. People who are jealous feel that way because they don't deserve what the other person has, and hate the way that makes them feel.
"But it comes across as a rationalization of the guilt that comes along with privilige." - Dan T
Project much? While I agree that wealth does bring certain privileges, the best thing about being a U.S. citizen is that the poor man is equal under the law to the rich man. In fact, the two could very well trade places, though it is more likely that the poor man will become richer than that the rich man will lose everything. (It's also unlikely that the poor man will stay poor.)
The rich man and the poor man alike, have nothing to be ashamed of. Even Eleanor Roosevelt understood this: "No one can make you feel inferior without your consent." That's one of the beautiful things about the U.S.
Of course, another of my favorite ER quotes is "The future belongs to those who believe in the beauty of their dreams." Odds are, if you believe in it, and go about it in a rational manner, you can accomplish it. That's one of the primary differences between the U.S. and most of human history...
joe | March 14, 2007, 10:32am | #
Jason L,
"When the mugger steals the wallet, he is stealing productive hours of your life."
Yes, theft is bad. Not as bad as physical assault, enslavement, and extended physical compulsion.
It's really easy - you KNOW it's better to give the guy you're wallet. You KNOW you'd give up your stuff before you gave up your freedom.
pigwiggle,
Lucky you. Anecdote is not the singular of data. Do you make a point of showing up late for jub interviews? is someone who has more resources going to have more advantages pursuing opportunities, or not?
The gymnastics required to play dumb here are astounding. LOok here at rob's comment:
""OK, gennius, the next time a mugger wants your wallet, are you going to volunteer to go off with him and be his slave instead? I didn't think so." - joe
No one can volunteer to be a slave. You can't rape the willing, joe."
In other words, if a mugger demands your wallet and you give it to him, you're being robbed. If you get him to accept something else instead, your doing so "willingly," by rob's reasoning.
Deliberate self-obfuscation. Sad, and telling.
rob | March 14, 2007, 10:46am | #
"I’m not sure what you mean here – money is not a thing, but rather a means of exchange. The value of having a billion dollars depends entirely on the amount of money everybody else has." - Dan T.
Sure, money is a means of exchange not a fixed value. But assuming everyone could like like the current equivalent of a billionaire - would there still be envy? I'd bet my last crust of bread that there would be...
Now explain how having all of the basics in life - food, clothing, shelter, leisure time to spend with your loved ones - covered makes you "unjustly poor."
Here's a corker for you: What is the difference between someone who could earn millions and decides not to in favor of a minimalist lifestyle, and one who lives exactly the same way but never had the capability to earn millions? How is either one "poor?"
"I guess whether an emotion is 'envy or 'righteous indignation' depends on whether you sympathize with the person in question." - Dan T.
It has nothing to do with sympathy. For starters, they feel very different and are motivated by completely different things. If you don't know the difference, I can't explain it to you any more than I can explain what a purple sunset looks like to a congenitally blind man.
"In this case you’re kind of begging the question – does simply having something mean that person deserves it? Especially when your station in life is largely determined by your birth?" - Dan T.
One's station in life is not determined by one's birth. Is being given something by your parents wrong? I'd say that a parent has every right to give their child anything they possess, since it belongs to the parent and should then be the parent's decision about how to handle their property.
"In theory they are, in reality the poor are the ones in prison, not the rich." - Dan T.
Tell it to Martha Stewart, Jeffrey Skilling, Kenneth Lay, George Soros, etc. Just to name a few "insider trading" convictions off the top of my head...
rob | March 14, 2007, 12:49pm | #
joe - Nice to see you haven't lost your ability to miss the point, even when I'm bending over backward to give you the benefit of the doubt. I also love the rhetorical trickery you engage in to avoid having to respond to anyone who challenges your position as someone who refuses to "actually ... consider the substance of ideas sometimes."
"Magical thinking. Oh My God, the government is involved, that means it can't work!" - joe
You mean like the magical thinking that the gov't can fix the profound problems that its individual citizens have? The amount of gov't failures is a stronger track record for skepticism regarding gov't intervention than is your faith in gov't intervention.
"Actually, poverty rated declined dramatically after the War on Poverty was instituted, and rose dramatically once Reagan undid it." - joe
Two points - you're wrong on the basic history (Nixon, not Reagan), and you can't prove it was the WoP that helped those folks.
In fact, you've already admitted to the fundamental problems of the program:
"President Johnson's 'War on Poverty' speech was delivered at a time of recovery (the poverty level had fallen from 22.4% in 1959 to 19% in 1964 when the War on Poverty was announced) and it was viewed by critics as an effort to get the United States Congress to authorize social welfare programs. Many economists such as Milton Friedman have argued that Johnson's policies actually had a negative impact on the economy due to their interventionist nature. Economists such as these recommend that the best way to fight poverty is not through government welfare but through economic growth." - wikipedia entry on "War on Poverty"
"The OEO was dismantled by President Nixon in 1973, though many of the agency's programs were transferred to other government agencies." - wikipedia "War on Poverty" entry
What would keep your program from falling prey to the same problems, joe? Magic?
Surely you've heard the old saw that "insanity is repeating the same action yet expecting a different result."