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BainsBane

(57,760 posts)

1. Inequality is not the same as median income

Reply to portlander23 (Original post)

Thu Dec 29, 2016, 10:36 PM

Dec 2016

The country has become more unequal because the wealthy have become even richer, but the median income has not declined since the 1980s.

The above graph goes through 2014. 2015 saw a 5,2% rise in median income, the greatest in a generation.
http://www.nytimes.com/2016/09/14/business/economy/us-census-household-income-poverty-wealth-2015.html?_r=0
It is now $56,516--$1400 less than in 1999.

Will post similar data on African Americans if I can find it.

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Inequality Is Only Getting Worse [View all] portlander23 Dec 2016 OP

Inequality is not the same as median income BainsBane Dec 2016 #1

In my area, Wal Mart is now the high priced department store Warpy Dec 2016 #2

We're also moving toward a jobless society and I see few politicians even remotely discussing RKP5637 Dec 2016 #3

It's bothered me to see... Buckeye_Democrat Dec 2016 #5

I completely agree!!! These areas have been woefully neglected by politicians and industries across RKP5637 Dec 2016 #7

The whole system will collapse if they ignore it too long. Buckeye_Democrat Dec 2016 #9

Yes, this is the main cause IMO: "We have laws in place that encourage them to put profits RKP5637 Dec 2016 #11

I also worry that some trade laws are an example of... Buckeye_Democrat Dec 2016 #10

It's a prime setup for escalation into some damn war affair! Eventually, it's going to happen! And RKP5637 Dec 2016 #12

Oil company was BP I think. John Foster Dulles was the mastermind for that Iran fuck-up. (nm) Elwood P Dowd Dec 2016 #13

You're right! I knew BP (AIOC) was affected, but I thought Exxon was too. Buckeye_Democrat Dec 2016 #14

After looking at your avatar, I'll also express my gratitude to JFK... Buckeye_Democrat Dec 2016 #15

Race remains the principle axis of inequality BainsBane Dec 2016 #4

It's going to get 100 million times worse with Trump's cabinet of CEOs. Initech Dec 2016 #6

K&R SMC22307 Dec 2016 #8