Econ 101: Wealth Distribution Simulation
"I learned that the small population of the upper class have more money than the huge population of the middle class. I do not think it is fair because a small amount people get a huge advantage over the massive amount of people in the middle/lower class." That's right, today in class we talked about the very agreeable subject of…. Money! We started our Economics unit yesterday with a simulation. In our activity we had the students do IR (independent reading) in spaces that simulated how wealth is distributed in the US. For example: 1 student has 11 chairs (wealthiest 1% has 42% of US wealth) 3 students have 9 chairs (next 9% has 36% of US wealth) 22 students have 6 chairs (bottom 90% has 22% of US wealth) This part of the simulation was all fun and games for us. We squealed and giggled and playfully whined about our legs being squished trying to cram onto those 6 chairs. But then… We