Income Inequality In The U.s.a

1751 words, 8 pages

Intro Sample...

From 1946 to 1960, the difference in inequality did not change much, but from 1960 to 1968 there was a slight decline. On the contrary, between 1968 and 1970 the opposite had happen. To further explain the little difference in Income Inequality from the mid 1940’s to the present, a series of numbers and percentages will be used, but only the salaries made throughout the years are the only difference, it’s obvious that the gap between the rich and the poor keeps increasing. The salaries of course are going to be different due to the minimum wages increasing as time goes by, due to the higher cost of living. That does not mean that the Poor Class is living better, in fact, if anything, the Poor Class is having a harder time surviving due to the increased cost of living, yes the salaries rise, but not to the extent to keep up with the cost of living. It’s almost as if a poor person would have to work at more than one job in order to be able to survive, and in most cases that’s not even enough, depending on the situation that a person is in, family size, debt, etc. Due to those circumstances, if a person is working more than one job, then that will limit that person’s time to actually educate themselves at a higher education institution, and that will lead to yet another highly uneducated American with not enough credentials to be able to compete for the higher paying jobs that Middle Class Americans or Upper Middle Class Americans hold. It’s a domino effect, and it’s almost as if it’s blueprinted to be this way. For example, in 1946, the bottom class (the Poor Class) averaged about $1,650 and the top class (the Upper Class) averaged about $15,300, the gap between the two was $13,650. In the next 22 years, real income had increased about 33% per family. This trend of inequality is still in ef View More »

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