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40 Years Of Income Inequality In America, In Graphs : Planet Money : NPR - 27 views

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    "Here's the story of income inequality in America over the past 40 years." Shows in numbers how income inequality is an actual thing, and is out there. Very good solid background information and has numbers that can be used to reference.
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    "Globalization and technological change have made middle-skill, middle-income jobs harder to find. Low-skill, low-paying jobs have stuck around. And there are high-paying jobs for those at the top with the skills to put technology to profitable use." In this article, income inequality is discussed, specifically the differences in income of people of different ages and educational backgrounds. A compelling point is made in the article about how the middle class is struggling to support enough jobs to keep people employed. Interestingly enough, low-paying jobs and high-paying jobs continue to thrive.
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    "Income grew 9 percent for households at the 60th percentile, 22 percent for those at the 80th percentile and 36 percent for those at the 95th percentile." This article explain what exactly the "opportunity gap in America" is, and in addition to that, shows backed up graphs and evidence as to how the gap has increased/decreased in the past 40 years. It clearly shows that the rich get richer, and the poor stay at the same level or get poorer.
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    "Among households headed by high school dropouts, incomes grew roughly in lockstep - and were basically stagnant at all levels. Among households headed by high school graduates, and in those headed by college graduates, those in the middle actually saw their wages fall. The only group that saw significant gains was households headed by high-earning college grads. Labor economists call this "the hollowing out of the middle." Globalization and technological change have made middle-skill, middle-income jobs harder to find. Low-skill, low-paying jobs have stuck around. And there are high-paying jobs for those at the top with the skills to put technology to profitable use. One thing to note: That bump in 2000 for incomes among bachelor's degree holders does not reflect reality - it's the result of a temporary change in the way the census reported income for those at the top. Does age make much of a difference in income inequality? Yes, especially for households headed by people between 45 and 65. In those groups, income for the middle class and the poor actually fell in the past 20 years."
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    "Among households headed by high school dropouts, incomes grew roughly in lockstep - and were basically stagnant at all levels. Among households headed by high school graduates, and in those headed by college graduates, those in the middle actually saw their wages fall. The only group that saw significant gains was households headed by high-earning college grads. Labor economists call this "the hollowing out of the middle." Globalization and technological change have made middle-skill, middle-income jobs harder to find. Low-skill, low-paying jobs have stuck around. And there are high-paying jobs for those at the top with the skills to put technology to profitable use. One thing to note: That bump in 2000 for incomes among bachelor's degree holders does not reflect reality - it's the result of a temporary change in the way the census reported income for those at the top. Does age make much of a difference in income inequality? Yes, especially for households headed by people between 45 and 65. In those groups, income for the middle class and the poor actually fell in the past 20 years."
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    "Among households headed by high school dropouts, incomes grew roughly in lockstep - and were basically stagnant at all levels. Among households headed by high school graduates, and in those headed by college graduates, those in the middle actually saw their wages fall. The only group that saw significant gains was households headed by high-earning college grads. Labor economists call this "the hollowing out of the middle." Globalization and technological change have made middle-skill, middle-income jobs harder to find. Low-skill, low-paying jobs have stuck around. And there are high-paying jobs for those at the top with the skills to put technology to profitable use." This article talks about how higher-income families gradually get more, and middle- and lower-income families gradually get less. It also discusses how, in the past 40 years, the problem is getting worse and worse.
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    "Among households headed by high school dropouts, incomes grew roughly in lockstep - and were basically stagnant at all levels. Among households headed by high school graduates, and in those headed by college graduates, those in the middle actually saw their wages fall. The only group that saw significant gains was households headed by high-earning college grads. Labor economists call this "the hollowing out of the middle." Globalization and technological change have made middle-skill, middle-income jobs harder to find. Low-skill, low-paying jobs have stuck around. And there are high-paying jobs for those at the top with the skills to put technology to profitable use." This article talks about how higher-income families gradually get more, and middle- and lower-income families gradually get less. It also discusses how, in the past 40 years, the problem is getting worse and worse.
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