The Gap Between the Rich and the Poor grows....

inneedofhelp · #1 (**permalink**) 09-29-2009, 10:55 AM

My city is one of the cities listed in this article where the inequality is the highest. This is probably why I am a bit leery of the neauvou trendy boutiques.

US income gap widens as poor take hit in recession - Yahoo! Finance

etransue · #2 (**permalink**) 09-29-2009, 11:29 AM

Interesting read. Thanks for posting that.

tripods68 · #3 (**permalink**) 09-29-2009, 11:35 AM

This doesn't suprise me...

wincrasher · #4 (**permalink**) 09-29-2009, 01:08 PM

It's the oldest story there is. And it's only going to get worse.

Vytautas · #5 (**permalink**) 09-29-2009, 01:23 PM

Indeed there are quite a few example of the income having widened in the recent past. It always surprises me when people don't think it's true.

wincrasher · #6 (**permalink**) 09-29-2009, 01:25 PM

Recent? It's been trending that way since 1970.

Vytautas · #7 (**permalink**) 09-29-2009, 01:32 PM

Well technically the sharp increase of wage inequality started at about 1980. And in 1998 the gap increased even more sharply. I would go ahead and say that 1980 is fairly recent

. Hell the previous time we had this type of inequality was the late 1920s.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)