Wage Distribution Spring Theory

The fear mongering story of wage distribution and the horrors of the ultra rich destroying the world and abusing the rest of society to ingratiate themselves is a spoiled grapes theory. The creation of business and the opportunities that come with extreme wage earnings raises the wealth of the entire society by Wage Distribution Spring Theory.

What is Wage Distribution Spring Theory? It is the theory that the lowest wages are connected to the highest wages like a spring; as the top of the spring is pulled up wages stretch along the distribution and eventually pull up the bottom wages. In other words, the economic of wages follows Hooke’s Law suffering elongation until the upper wages lift the lower wages.

I invite all economists to test this theory against large data sets.

https://flowingdata.com/2016/06/28/distributions-of-annual-income/