Pulling Apart

Discussion in 'Politics' started by KenH, Apr 12, 2008.

  1. KenH

    KenH
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    A state-by-state examination of trends in income inequality over the past two business cycles finds that inequality has grown in most parts of the country since the late 1980s. The incomes of the country’s highest-income families have climbed substantially, while middle- and lower-income families have seen only modest increases.


    In fact, the long-standing trend of growing income inequality accelerated between the late 1990s and the mid-2000s (the latest period for which state data are available).


    • On average, incomes have declined by 2.5 percent among the bottom fifth of families since the late 1990s, while increasing by 9.1 percent among the top fifth.


    • In 19 states, average incomes have grown more quickly among the top fifth of families than among the bottom fifth since the late 1990s. In no state has the bottom fifth grown significantly faster than the top fifth.

    • For very high-income families — the richest 5 percent — income growth since the late 1990s has been especially dramatic, and much faster than among the poorest fifth of families.

    Similarly, families in the middle of the income distribution have fallen farther behind upper-income families in many states since the late 1990s:

    • On average, incomes have grown by just 1.3 percent among the middle fifth of families since the late 1990s, well below the 9.1 percent gain among the top fifth. Income disparities between the top and middle fifths have increased significantly in Alabama, California, Florida, Illinois, Mississippi, Missouri, New Mexico, and Texas. Income disparities did not decline significantly in any state.

     
    #1 KenH, Apr 12, 2008
    Last edited: Apr 12, 2008
  2. Revmitchell

    Revmitchell
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    Oh no ! Lets all just usher in communism! That will make it all better!




    http://www.cpusa.org/article/static/758/
     
  3. Pastor Larry

    Pastor Larry
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    So did this study take into account things like education, work ethic, longevity at a job, creativity and initiative on the job, attitude towards life, etc? All of these things tend to have a great effect on income.
     
  4. KenH

    KenH
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    Call a government policies geared toward the middle- and working-classes communistic all you want. It is well past time that we had a government policies that benefit someone other than the elite and those who are their sycophants.
     
  5. Revmitchell

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    Thanks for proving my point?
     

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