Exact(5)
Technological change and financial liberalisation result in a disproportionately fast increase in the number of households at the extreme rich end, without shrinking the distribution at the poor end.
"The conclusion that I would draw from this," Tucker writes, "is that her 100m freestyle leg is disproportionately fast not only by comparison to Lochte, but also to her peers, and to the best 100m freestyle swimmers".
Behind these factors he conjectures that there are deeper causes, and one above all: "technological change and financial liberalisation result in a disproportionately fast increase in the number of households at the extreme rich end, without shrinking the distribution at the poor end".But is it not something of a leap from those proximate causes to that primary underlying cause?
At the same time, wages at the lower end of the scale tended to rise disproportionately fast, making unskilled labour increasingly unattractive to employ.The effect on labour costs was magnified by the way the country finances its welfare state: through a payroll tax with matching contributions from individuals and employers.
Once the returns on capital – invested in anything from buy-to-let property to a new furniture factory – exceed the real growth of wages and output, as historically they always have done (excepting a few periods such as 1910 to 1950), then inevitably the stock of capital will rise disproportionately fast within the overall pattern of output.
Similar(55)
Once its returns – investing in anything from buy-to-let property to a new car factory – exceed the real growth of wages and output, as historically they always have done (excepting a few periods such as 1910 to 1950), then inevitably the stock of capital will rise disproportionately faster within the overall pattern of output.
"The Supreme Court's workload has increased disproportionately faster than the High Courts and lower courts, perhaps indicating an increasing breakdown within the judicial system of precedent-as-authority," according to the report, published by the Center for Policy Research, a think tank in New Delhi.
That's why Silicon Beach and Silicon Alley have had disproportionately faster growth than other newer tech regions in the world.
Data showing that the proportion of older people with depression and other mental illnesses will grow disproportionately faster than the overall older population are less well known.
These findings imply that, compared with age-matched controls, the longitudinal growth of the vertebral bodies in patients with IS is disproportionately faster.
This is presumably beneficial for the total cerebral energetic expenditure, as white matter increases disproportionately faster than gray matter [ 9, 40, 51].
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com