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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Seeker of Truth who wrote (51139)6/20/2004 5:37:10 PM
From: energyplay  Read Replies (1) of 74559
 
The distribution of wealth in advanced societies needs a deeper analysis than Gini coefficents. One reason for some of the spread is motivation : Not everyone who has a net worth of 500k and is making 120k in a moderate cost of living environment (not New York or LA) feels the need to work 60 hours a week to make 250k and then have 2 million in a few years.

There are large nubers of people at most income levels who don't really feel pushed to make more. The few that do want to work 60 hours + per week, want a lot more and can get it because there is less competition from the satisified workers.

This is realtively new, many people who grew up in the depression feel a need to have a large economic cushion against disaster.
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