“ Instead of opposing redistribution because people expect to make it to the top of the economic ladder, the authors of the new paper argue that people don’t like to be at the bottom. One paradoxical consequence of this “last-place aversion” is that some poor people may be vociferously opposed to the kinds of policies that would actually raise their own income a bit but that might also push those who are poorer than them into comparable or higher positions.”
Economics focus: Don’t look down | The Economist
This makes so much sense it’s sad.
Source: economist.com
4 notesShowHide
-
bildungsroman posted this
