Continuing from my earlier post today... this is why this is important to understand and be aware of inequality:
"In Joseph Stiglitz's new book, "The Price of Inequality," the Nobel economist argues that new social science research has given power elites a greater understanding of how ideas affect society and that they have used that knowledge to cover up the gross wealth inequality now plaguing the country. "Fairness, like beauty, is at least partly in the eyes of the beholder, and those at the top want to be sure that the inequality in the United States today is framed in ways that make it seem fair, or at least acceptable. If it is perceived to be unfair, not only may that hurt productivity in the workplace but it might lead to legislation that would attempt to temper it.""
More here.
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