The Rising Costs of US Income Inequality

New Light on Income Inequality

Increasing disparities in income and access to services

First, inequality has grown at both ends of the income scale.

Homelessness and an increase in numbers of street children is one consequence of increasing income disparities.

This contrast is associated with broad income differences between owners and renters.

We inherited a dual society with the worst income disparities seen anywhere in the world.

(a) Income inequality is regarded as one of the most robust correlates of official crime rates in many countries.

According to the 2000 census, income inequalities based on race, gender and nationality have persisted.

Without it, growth falters, job creation is insufficient, and widening income and wealth inequality undermines the social fabric.

The most important determinant of income inequality today is wealth inequality, with the increasing concentration of asset ownership in recent years principally responsible for greater income inequality in most countries.

Income inequality was rising dramatically, environmental damage was worsening rapidly, and inflation was leading to weak real income growth for poor households.

The speed of urban growth, coupled with increasing income disparities, has had a major impact on the structure and functions of social institutions, including education and the family.

Income disparities within and between countries of the region remain a pressing problem, which could become a serious destabilizing factor undermining the development process.

In 1980, average income in the US was a little more than three times that of Mexico, the gap between Singapore and Indonesia was 5.3 to one, and the difference between Spain and Morocco 3.5 to one.

When you're in the mall, you don't have a conversation about racial inequity as these teenagers are as they look at stacks of money representing income disparity between whites and blacks in the U.S.

The Inequality Trifecta

An Inequality Tax

Inequality and Discontent

The Heirs of Inequality

The Inequality Trap

Now, however, with inequality on the rise once more, arguments linking income concentration to macroeconomic problems have returned.

According to the economist Nora Lustig, between 2000 and 2010, income inequality declined in all 17 Latin American countries for which comparable data exist.

This fall in income has been magnified by rising household savings rates, driven by insufficient insurance for health care and old age, the high cost of education, growing income inequality, and demographic trends.

Inequality has been falling.

Income and wealth inequalities worsened.

It plots income, average income in China as a percentage of average income in the United States.

In most developed countries, persistent long term unemployment and rising opportunities for earning high incomes, in all probability, made income distribution more uneven than earlier. C. The AIDS epidemic

Inequality and the American Child

Inequality, Immigration, and Hypocrisy

China s War on Inequality

While it can be criticized for its failure to develop a specific agenda for action, it galvanized attention to income and wealth inequality in the US and around the world.

Income inequality casts a long shadow.

Liberals say we should end employment discrimination. I say we should end employment.

Good and Bad Inequality

When Inequality Kills

Policymakers seem convinced that the time is not right for a meaningful initiative to address inequality of income, wealth, and opportunity. But waiting will only make the problem more difficult to resolve.

Indeed, given record high public debt levels in many countries, few governments have substantial scope to address inequality through further income redistribution.

There is a difference with income.

Incomes at that time

Of course, inequalities between countries are one thing, and inequalities within countries are quite another.

How Inequality Fueled the Crisis

Inequality is Killing Capitalism

Ways to close disparities

The consequences of the phenomenon on economic development were manifold and entailed, inter alia, a concentration of workers in marginal, low productivity activities and wider disparity in income levels, as well as an increase in the demand for food and agricultural products.