When someone makes more money than you. That’s a very simple definition of income inequality. But is that a bad thing?
We’ve been hearing a lot about income inequality this election cycle, from politicians on both sides of the aisle. They talk about how unfair it is that the CEO of the company makes 100 times more than the front line employees or that the minimum wage is not a living wage. They tell you you’re a victim and that it isn’t your fault. They go on to say that if you vote for them they’ll make things better for you.