I’m not of the opinion that economic well being is a zero-sum game. By this, I mean that I do not believe that those working today as part of the labor force are in effect depriving another of doing the same – i.e. those out of the labor force. Surprisingly, educated people often perceive it to be this way. I choose to consider ways in which can uplift those referred to as the bottom 20%. I like Sendhil Mullainathan’s perspective in his NY Times piece “A Top-Heavy Focus on Income Inequality“:
I worry about growing income inequality. But I worry even more that the discussion is too narrowly focused. I worry that our outrage at the top 1 percent is distracting us from the problem that we should really care about: how to create opportunities and ensure a reasonable standard of living for the bottom 20 percent.