2min chapter

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S E20: Inequality - Understanding the Gap between Rich and Poor

Think Like An Economist

CHAPTER

The Importance of Fairness

I can't undo the advantages that my children have but I can advocate for other kids to have a more equal chance at having a good future. That's why I talk a lot about investing in early childhood education and it's something that I'm really passionate about. Also notice that what Betsy advocates for is a longer term solution to redistributing income. If we just give people more money today which is what you'll support if you believe in a quality of outcomes well that's great for today. But if there's a quality of opportunity then all children get a better education from a younger age. This gives them more of a chance to do well in the future and it reduces inequality tomorrow.

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