Essay: Inequality Describe the Overall Perspective

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Inequality

Describe the overall perspective provided on income distribution inequalities including the issues of poverty, racial inequality as well as the "class ceiling" problem.

Since the end of World War II the social and economic disparities in America have become more severe. Throughout the 1950s and into 1960s, there were tremendous amounts of growth. However, from the 1970s onward, these divisions began to adversely change. As the economy was dramatically growing, but there was no real increase in wages or income equality. This was occurring from an economic, racial and gender perspective. (Kolby, n.d.) (Page, 2009)

Evidence of the can be seen in the below tables (which are highlighting these disparities during this time).

Share of Net Worth between the Upper and Lower Class from 1962 to 1989

Class

1962

1989

Upper .05%

Lower 80%

These figures are showing how the upper class is seeing an increase in their net worth. While the lower classes; are realizing a decline in these numbers during this time. This has resulted in an increase in poverty levels with more people in the household working and reduced income. (Kolby, n.d.) (Page, 2009)

Income Levels for African-American and… [END OF PREVIEW]

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