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Many economists claim that America's growing income inequality is "deeply worrying", [125] unjust, [65] a danger to democracy/social stability, [148] [146] [147] or a sign of national decline. [163] Nobelist Robert Shiller after receiving the award stated, "The most important problem that we are facing now today, I think, is rising inequality ...
Native American women earn significantly less than other women and men in the country. On average, it would take a Native American woman an additional 9 months to receive the same annual salary as a white man. [82] In addition, the average Native American woman earns approximately $0.58 per every individual dollar a white man earns. [83]
According to Inequality.org, the median black family is only worth $1,700 when durables are deducted. [90] In contrast, the median white family holds $116,800 of wealth using the same accounting methods. [90] Today, using Wolff's analysis, the median African American family holds a mere 1.5 percent of median white American family wealth. [90]
"Wealth Inequality in America," a six-minute video produced by a YouTube user named "Politizane," casts an interesting angle on the plummeting savings rate. Set to depressing piano music and ...
Exacerbating inequality: Oxfam, in a report compiled using publicly available data, argued that the largest US firms have also reinforced gender and racial inequality in the workplace by ...
The average income of the top 20% residing in certain U.S. cities is within a comfortable six-figure range whereas the bottom 20%, for many cities, exists in the poverty threshold. Which cities ...
As of the mid- to late- decade of the 2000s, the most common explanation for income inequality in America was "skill-biased technological change" (SBTC) [54] – "a shift in the production technology that favors skilled over unskilled labor by increasing its relative productivity and, therefore, its relative demand". [55]
Straightforward data on earnings clearly shows a huge rise in inequality of pay in the US economy, write Elise Gould and Josh Bivens. Opinion: Why a new study gives a misleading view of inequality ...