On Tue, Mar 25, 2014 at 8:47 PM, Doug Henwood <[email protected]> wrote:
> > On Mar 25, 2014, at 9:42 PM, Michael Smith <[email protected]> wrote: > > > On Mar 17, 2014, at 3:09 PM, raghu <[email protected]> wrote: > >> > >> > >> Well it is true isn't it, that investing in education and skills is a > good way to reduce wage inequalities? > > > > Is it? Why? Won't it just mean that we have more paupers with > > PhDs? > > Piketty has lots of fun with that idea. One point he makes: income > distribution in the U.S. is more unequal than colonial India, but education > distribution in the U.S. is less unequal. > That seems really strange. Can you provide some details on this claim of Piketty's? Income distribution as measured by what? I cannot imagine any reasonable metric by which colonial India was less unequal than the contemporary US. -raghu.
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