The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
Yes, I misrembered the year. And while Scientific American is not a journal, at least the article explained the work in some depth and provided evidence. Here, you’ve given your opinion which boils down to, “No, it doesn’t.” Totally valid, as opinions go, but not very edifying to us readers.
It is not an opinion that people don’t earn money by randomly trading with others, wtf are talking about??
I’m actually triggered about this
Labor has value. You have access to some amount of labor each week that you value at [your salary]. Your employer values your labor at [some higher value] and thus “wins” at the trade.
This is true and I’ve said so in my original comment. Notice how the boss isn’t winning because they happened to win first in a series of dice rolls