20 Facts About US Inequality Everyone Should Know +An Update On The Uber-Wealthy & Global Inequality

[stockholmer]

http://www.zerohedge.com/article/20-facts-about-us-inequality-everyone-should-know

"Courtesy of the Stanford Center for the Study of Poverty and Inequality http://www.stanford.edu/group/scspi/cgi-bin/facts.php , we bring you the "20 facts about US Inequality that Everyone Should Know". For everything one has always wanted to know about wage inequality, CEO pay, homelessness, education wage premium, gender pay gaps, occupational sex segregation, racial gaps in education, racial discrimination, child poverty, residential segregation, health insurance, inter and intragenerational income mobility, bad jobs, discouraged workers, wealth inequality, labor market deregulation, job losses, immigrants and inequality and productivity and real income, this is the definitive resource.


1. Wage Inequality

Over the last 30 years, wage inequality in the United States has increased substantially, with the overall level of inequality now approaching the extreme level that prevailed prior to the Great Depression. This general characterization of the inequality trend oversimplifies, though, the actual pattern of change: The chart below shows that the trend at the top of the income distribution (the “upper tail”) is not exactly the same as the trend at the bottom of the distribution (the “lower tail”). “Lower-tail” inequality is measured here by taking the ratio of wages at the middle of the income distribution (i.e., the 50th percentile) to those near the bottom of the distribution (i.e., the 10th percentile); “upper-tail” inequality is measured by taking the ratio of wages near the top of the distribution (i.e., the 90th percentile) to those at the middle of the distribution (i.e., the 50th percentile of workers). We find that lower-tail inequality rose sharply in the 1980s and contracted somewhat thereafter, while upper-tail inequality has increased steadily since 1980.

Men's wage inequality




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9. Child Poverty

In the United States, 21.9 percent of all children are in poverty, a poverty rate second only to that of Mexico’s (among rich nations).

Relative Poverty Rates in Twenty-One Rich Nations at the Turn of the Century for Children




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[Wilms]

1. ^

[Beaverhausen]

2. kicking this

[JPZenger]

3. Much more deserving of attention than every other post today

[ItNerd4life]

4. How True!