Here are some facts I'm pulling from a handout we got in class. The book's called "Dimensions of Inequality in the United States". These facts are from the second chapter.
- 3.3% of househoulds had annual incomes of less that $5,000. 17.2%had incomes of $100,000.
- The gap between the average woker's pay and that to top corporate executives has shown a staggering increase from 40 to 1 in 1990 to 419 to 1 in 1998.
- The numbers at each end have grown, dubbing the term "Social Stratification"- like the rocks- because those two portions of "rock" at the opposite ends are growing.
- The U.S. Congress has deliberately avoided allowing the minimum wage to keep pace with the cost of living, thus keeping wages of the poorest Americans lower.
- 60% of those at the bottom 25 percent of wealth holders in 1975 were still there in 1995, with 21% moving up to the next 25%, and 12% of those people moving up to the next 25% group.
True, too true. LDL
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