Share of Total Income | Share of All Nobel Prizes | |||
Top 10% | 44.4% | 65.4% | ||
Top 25% | 66% | 83.5% | ||
Top 50% | 86.5% | 94.4% |
For example, the top three countries for Nobel Prizes are the US (265 awards), UK (82) and Germany (37), and these three countries together represent about 10% of all countries, and have earned 384 Nobels, or 65.4% of all prizes.
A previous analysis I did of Olympic medals shows the same outcome as well. Maybe we can learn a lesson from the Nobel awards: unequal results should be expected as the natural outcome of any competitive process, whether it is sports, science, education, or national income.
The Nobel prize winners are respected and admired, despite the gross inequality of outcome. Perhaps we should pay the same respect to the winners of our free enterprise system - the successful workers at the top of our economic ladder. Or should we maybe redisbribute the Nobels in the interest of "fairness" and "equality?"
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