Anyway, what's going on here? Material wealth has increased dramatically over recent history, so why are more people living in such seemingly deprived states?
Yes, it's true. Material wealth has increased significantly over the years, but the distribution of that wealth is not equal. This leads to disparities in living conditions among different populations.
Income inequality has widened in many countries, despite the overall economic growth. The wealthiest individuals and corporations often accumulate a disproportionate share of the wealth, leaving a significant portion of the population with relatively low incomes.
In many urban areas, the cost of living has risen dramatically, particularly in terms of housing, healthcare, and education. This can make it difficult for individuals with lower incomes to afford necessities and maintain a decent standard of living.
Many people, particularly those in marginalized communities, face barriers to accessing education, healthcare, and employment opportunities. This can perpetuate cycles of poverty and deprivation, limiting individuals' ability to improve their circumstances.
These can be, in my opinion, some of the reasons.
this territory is moderated
So, some sort of poverty trap that's been getting stronger as our society bifurcates?
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123 sats \ 2 replies \ @Taft 22 Feb
What do you think about this @Undisciplined?
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It fits into the point @elvismercury was making about how it's becoming more difficult to even qualify for jobs.
People growing up in poverty might not have the social networks to connect them to opportunities and they're stuck in abysmal government schools that give them no preparation for the workforce.
I'm generally skeptical of poverty trap explanations, but it's a reasonable hypothesis.
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123 sats \ 0 replies \ @Taft 22 Feb
Oh, yes. That's a good point! I agree!
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123 sats \ 0 replies \ @Taft 22 Feb
I think, yes. But there are other factors, too.
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