Is inequality increasing? #techonomynyc

Here’s a great point from Arun Sundararajan of NYU:

Economic measures seem to be missing productivity gains from tech, since they measure only dollars but not quality of experience (iPhone vs Blackberry).

Here is the interesting point:

Increasing income inequality may be exaggerated by its over-focus on dollars not quality. People have smartphones…

The rich don’t live as much better as they are *richer*.