fascinating study in positional economics

http://www.cato-unbound.org/2009/10/16/john-v-c-nye/why-things-will-feel-worse-as-they-get-better-the-downside-of-growing-consumption-equality/

 

why do people always feel like inequality is increasing, even when everyone's getting better off? The answer may lie in positional economics. This one's a good read.