This blog collects information about income inequality and places it – available to anyone interested – with alphabetical reference, on this specifically linked, Internet-accessible-and-searchable blog database, access to which is free and unrestricted. Search by keyword, i.e., Smith, poverty, using Microsoft Command f.
Saturday, September 3, 2016
GOVERNMENT CONTRACTORS
One-percenters like Boeing, Northrup-Grumman, and Lockeed Martin have charged the government billons of dollars for post-911 safety projects. Read Steven Brill’s deeply incisive article in the September 2016 issue of The Atlantic magazine at http://www.theatlantic.com/magazine/backissues/ page 61.
Steven Brill, “Are We Any Safer?” The Atlantic, September 2016.
Saturday, July 23, 2016
PEW
SURVEY SHOWS NEAR-UNIVERSAL INCOME LOSSES
Households in all
economic tiers experienced near-universal decreases in median incomes across
U.S. metropolitan areas, according to the independent Pew Foundation’s Research
Center. Middle-income households lost
ground financially in 222 of 229 metropolitan areas from 1999 to 2014.
Meanwhile, those in the lower-income tier saw their median income slip in 221
areas and those in the upper-income households took a financial hit in 215
areas.
Pew
Research Center 2014 American Community Survey
MIDWEST HAS TOP 10 MIDDLE-CLASS AREAS
The 10 metropolitan
areas with the greatest shares of middle-income adults are located mostly in
the Midwest, according to the independent Pew Foundation’s Research Center.
Metropolitan areas with the largest upper-income shares are
mostly in the Northeast or on the California coast, while the 10 metropolitan areas with the biggest
lower-income tiers are in the southwest, several on the border with Mexico.
Pew
Research Center 2014 American Community Survey
Friday, July 15, 2016
TRUMP’S WHITE WORKING-CLASS SUPPORTERS
[Donald] Trump’s
white working class supporters — who
provide somewhere between 58 percent and 62 percent of his votes, according to data from NBC and
ABC polls — have suffered a stunning loss of
relative status over the past 40 years. Their
wages have stagnated or declined; the ascendance of minorities has threatened
their cultural dominance; and the growth of an increasingly large and affluent
upper middle class has pushed goods and services once viewed as theirs by right
beyond their reach.
Thomas B. Edsall, “How Falling Behind the Joneses Fueled the
Rise of Trump,” New York Times, July 7, 2016, Opinion Pages.
MANY ESSENTIAL EXPENDITURES
HAVE BECOME UNAFFORDABLE
For those in the bottom third of the income
distribution,
even essential expenditures have become unaffordable: the $7,000 to $10,000 average cost of a
funeral, the $33,865 average cost of a new car, the $18,000 average annual cost
of child care.
Crucially important is the fact that rising inequality constitutes a double
whammy. It raises the cost of sought-after goods and it increases the economic
gap between the working class and the affluent, spurring nostalgia for what was
(even if what was really wasn’t).
Thomas B. Edsall, “How Falling Behind the Joneses Fueled the
Rise of Trump,” New York Times, July 7, 2016, Opinion Pages.
WEALTHY PULLED THE RUG OUT
“In effect, the increase in the resources commandeered by the overclass has pulled the rug
out from under the once upwardly mobile white working class.”
Thomas B. Edsall, “How Falling Behind the Joneses Fueled the
Rise of Trump,” New York Times, July 7, 2016, Opinion Pages.
WEALTHY
CAN BID UP THE PRICES
Thomas
Edsall, writing in the New York Times, noted: “Growing income inequality in the U.S. has meant that, as
those at the top are able bid up the price of valued goods like
housing and access to good schools, those in lower groups
have struggled to maintain their positions.” [quoting an essay
titled, “Keeping Up With the Joneses,” presented at the annual meeting of the
American Sociological Association by Neil
Fligstein, a professor of sociology at Berkeley, Pat Hastings, a Ph.D.
candidate at Berkeley, and Adam Goldstein, a professor of sociology at
Princeton University.]
Thomas B. Edsall, “How Falling Behind the Joneses Fueled the
Rise of Trump,” New York Times, July 7, 2016, Opinion Pages.
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