Income Inequality
02/26/2014 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, WhatsApp, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, politics and economics
To understand why income and wealth are becoming increasingly unequal in America, look no further than Facebook’s purchase of WhatsApp for $19 billion! That’s 40% more than the value of the median firm in the S%P 500. If shared equally across all 55 WhatsApp employees it works out to $350 million each! While creating vast wealth, our economy is, like it or not, funneling it to very few people.