In the United States, the gap between those at the top of the economic ladder and those at the bottom is wide and growing. Since the Great Recession, public discourse has focused primarily on the earnings of top executives—the top 1 percent—in comparison with low-wage workers. But broader measures of income inequality also show a growing gap between the haves and the have-nots. The Gini Index, which measures inequality across households, recently registered its first significant year-to-year increase since 1993 and has risen by 20 percent since 1967.
The U.S. poverty rate has also increased in recent years, but at 14.5 percent the poverty rate is well below levels recorded 50 years ago when President Lyndon Johnson declared a War on Poverty. Poverty rates have fluctuated over time, increasing during recessions and decreasing during periods of economic growth. However, for many regions poverty and inequality have increased in tandem in recent years.Check out the maps!
John - thanks for sharing. This is possibly one of the best - and most important - articles you have shared here. I agree that the data are very interesting. Indeed, if I were a young person in the USA who was starting off with a home and a family - I would give a lot of attention to that map. However, the essential "social message" is the general trend in the world towards gorwing inequality in income levels. And the vital question - what does this tell us about future social structures? Or to put this in laymans terms that everyone can understand. If the current trends in inequality continue - can democracy survive in the world? Not just in the USA ... but really anywhere? Can it survive? I could put together a fairly logical argument that the answer is a resounding NO.
ReplyDeleteAnd if I'm right - that should give us food for thought.
And please note - i am not making a simplistic argument about our political system. I am making a broad argument that applies across ALL current political systems. Can democracy survive this trend??
Pete, Redondo Beach
I agree that this is a HUGE question and, like you, I worry that the answer is no. Teddy Roosevelt had the same worry more than 100 years ago, and did something about it, but I don't see anyone like that on the political horizon. Nor, seemingly, does Francis Fukuyama, whose latest book appears to be equally somber about the future.
DeleteJohn - I'm behind in my blog-reading, but truly appreciate the nod. We're working on the manuscript for the larger report, due out mid-November. In the report we address what will happen to poverty levels in the United States if racial inequalities are not addressed. Hopefully the report will generate important discussions about what that means for broader social issues - health, democracy, etc... as noted above.
ReplyDelete