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Contents contributed and discussions participated by hcps-caguicljt

hcps-caguicljt

American Income Inequality: Hard to Get Rich, Harder to Get Un-Poor - Businessweek - 8 views

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    "It is no secret that the past few decades of widening inequality can be summed up as significant income and wealth gains for those at the very top and stagnant living standards for the majority. I think it is appropriate to ask whether this trend is compatible with values rooted in our nation's history, among them the high value Americans have traditionally placed on equality of opportunity." "America, on the other hand, is lousy at moving many people out of poverty but great at making a very few very rich." Within the last year America has had created the most millionaires in the world. Economist argue that the recent rise in economic inequality stems from the massive salaries of high income earners. Basically as the upper class grows, those who are in the middle and lower class, will most likely stay there, with very few becoming millionaires
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