The Rich Get Richer and The Poor Get Poorer — Inequality Explained

We are victims of the Matthew effect

A. Hamzeh

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Inequality exists everywhere, sadly.

There’s a gap that’s exponentially expanding as we speak between social levels and other life factors.

“The Rich Get Richer and the Poor Get Poorer”

Why is that?

According to the Matthew effect, the gap between the two summits will expand. Once you flow in one direction, it becomes harder to flow in the other.

When you’re rich, and your parents have good connections, your life becomes simpler. You worry less about things like food and clothes and more about your own personal and professional life. You are more likely to get a proper education, better tools, and you’ll be equipped with the right experience that will get you to the top.

The person on top of the mountain, unlike the one on the bottom, knows how to get there.

When you have people guiding you from the top, you’ll have better chances of making it than a person guiding you from the bottom.

That’s why the rich get richer and the poor get poorer. Although it’s not 100% accurate. The true revised version should be:

“The rich are bound to get richer, and the poor are bound to get poorer”.

It is those who are successful, in other words, who are most likely to be given the kinds of special opportunities that lead to further success. It’s the rich who get the biggest tax breaks. It’s the best students who get the best teaching and most attention. And it’s the biggest nine- and ten-year-olds rwho get the most coaching and practice. Success is the result of what sociologists like to call “accumulative advantage.” The professional hockey player starts out a little bit better than his peers. And that little difference leads to an opportunity that makes that difference a big bigger, and that edge in turn leads to another opportunity, which makes the initially small difference bigger still–and on and on until the hockey player is a genius outlier. But he didn’t start out an outlier. He started out just a little bit better.

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A. Hamzeh

Copywriter | Content Creator | Health and Wellness Supporter.