Income inequality in a game?
Income inequality is hot in the news these days. Other than more studies and what it is doing to us, what else is being said about it?
Ask any experienced BUX player about why some players have higher $IQ than others. They'll say it's because those with higher $IQs are better players. This means that some players are better at managing money and resources than others. And that's true- and natural. But players can improve– once they see and experience how things really work.
Economics is a set of rules. Rules in economics, like games, tell you what you can and cannot do to get ahead. Rules give a framework, a structure in which you can make moves to achieve your objectives. Once you experience performing within those rules, you not only understand them much better, but you quickly figure out ways to get ahead using those rules.
We suspect that once players begin to develop strategies to advance themselves in the game, they will subliminally start applying similar concepts to their own personal lives. If this happens, players will begin to seek improvements in the ways they manage money, resources (including time) and themselves. If this happens, their increased value production should result ultimately in them becoming more economically valuable which, under normal circumstances, should interpret to higher incomes.
If this is obvious, that's great because we're adults and living the experience. But how does one relate this to a ten year-old from their point of view? And how do we convey this productive structure to teens? And those of us wanting to do better, what exactly should we do to sharpen our game?
The hope is that as more and more people, starting at earlier ages, use their time, resources and talents to increase their personal economic values, they will position themselves to earn higher incomes. Individually this should be more fulfilling and collectively it should reduce income inequity,
If this is all obvious to you, you should be a good BUX player. Try it and discover your $IQ.