econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 18 March 2016

Trend On Income Inequality Not Showing Any Signs Abating In U.S.

by Felix Richter, Statista.com

-- this post authored by Dyfed Loesche

Many people actually still work to earn a living. It then comes as a bit of a downer that it is becoming harder for those with medium to low incomes to actually earn a proper living by working.

While in the three decades following the Second World War, the rational by which workers could increase their salary by increasing productivity held true, this trend broke off at the end of the 1970s.

Today higher productivity, and an ever better qualified workforce, doesn't result in higher salaries. Rather, rising profits are reserved for the top 1 percent of earners, according to a report by the Economic Policy Institute (EPI). This then explains why "over the last three-and-a-half decades, rising inequality has been a defining feature of the American economy." Indeed other western economies worldwide experience this trend.

The evidence pointing towards growing levels of income disparity in advanced economies seems overbearing and the underlying data straight forward enough for critics not to argue the observation might be a socialist figment. However, the underlying reasons why the gap is widening are contested. The EPI concludes that rising inequality isn't an inevitable historically predetermined plight but "largely the result of big corporations and the wealthy rewriting the rules of the economy."

Whatever the cause, the bottom line seems to be that contrary to widespread belief, there are things that defy gravity. One of these things is called wealth generated by income. While many observers still tend to compare this particular compound to a runny liquid, it rather looks and behaves like sticky goo, almost glue-like, at least not naturally inclined to dribble downhill.

Wealth still not trickling down - after 35 years

Infographic: Trend on Income Inequality not Showing any Signs Abating in U.S. | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
The Surprising Pevalence of Surprises in Export Specialisation
The Destruction of the Existing Workforce
News Blog
The Worst Countries For Drinking During Pregnancy
What We Read Today 24 January 2017
Best Ways To Protect Yourself Online
Richmond Fed Manufacturing Survey Improves In January 2017.
December 2016 Headline Existing Home Sales Hampered By Historically Low Inventory Levels
A New Order Of The Ages
How Bond Investors Were Fooled Twice
Infographic Of The Day: Crowdfunding
Early Headlines: Asia Stocks Mixed, Dollar Down, Oil Up, China May Replace US In TPP, Trump Freezes Feds' Hiring, Trump Files 'Secret' Transfer Papers, May To Visit China And More
January 23, 2017 Weather and Climate Report - NOAA Continues ENSO Neutral Denial
Documentary Of The Week: China's Wealth, Collapse, And Environmental Nightmare
Where Trump Stands On Twitter
Is This Really The Final Word On Whether Calorie-restricted Diets Make You Live Longer?
Investing Blog
Investing,com Weekly Wrap-up 24 January 2017
Netflix And Co. Surpass DVD And Blu-ray Sales
Opinion Blog
Bill Maher 2017 Season Premier
Trumping World Trade
Precious Metals Blog
A Slow Start For The Week Would Be Constructive For Gold
Live Markets
24Jan2017 Market Close: Wall Street Exuberant Closing With New Historic Highs, Trump Effect Still Working, Analysts Claim Another 5 Percent Higher Possible
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved