There is no dispute that income inequality has been on the rise in the united states for the past four decades the share of total income earned by the top 1 percent of families was less than 10 percent in the late 1970s but now exceeds 20 percent as of the end of 2012. Income inequality has increased in the united states over the past 30 years, as income has flowed unequally to those at the very top of the income spectrum current economic literature largely points to three explanatory causes of falling wages and rising income inequality: technology, trade, and i nstitutions.
In all, the top 1 percent in the united states captured 851 percent of total income growth from 2009 to 2013 in 2013, the 16 million families in the top 1 percent made 253 times as much on average as the 161 million families in the bottom 99 percent.
Why has income inequality been rising since the 1970’s order description below are two competing views (proposition #1 and proposition #2) on why income inequality has been rising (even among the lower 99%) in the united states since the 1970’s proposition #1: “more people are falling behind today because they’re lazy.
Income inequality in the united states has grown significantly since the early 1970s, after several decades of stability, and has been the subject of study of many scholars and institutions the us consistently exhibits higher rates of income inequality than most developed nations, arguably due to the nation's relatively enhanced support of free market capitalism.
Chapter 9 sociology study play social stratification refers to the change in the way the economy, firms, and employment relations are organized that have taken place since the 1970s what time period of marks a historical low in the level of inequality in united states. Chapter 9 sociology study play social stratification almost all of the gains of economic growth since the early 1970s have gone to what time period of marks a historical low in the level of inequality in united states the postwar period from the 1940s to the 1970s.
Income inequality in the united states has increased significantly since the 1970s after several decades of stability, meaning the share of the nation's income received by higher income households has increased.
A widening ____ gap between skilled and unskilled workers is a cause of growing income inequality in the united states since 1970.