Thursday, March 7, 2013

Wealth Inequality in America

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is not what we think it is.


  1. Still don't think there's such a thing as "Corporatocracy"? Now's your chance to find out for sure.

    WASHINGTON, March 12 – Sen. Bernie Sanders (I-Vt.) today introduced a constitutional amendment to overturn a Supreme Court ruling that allowed unrestricted, secret campaign spending by corporations and billionaires. Rep. Ted Deutch (D-Fla.) filed the “Democracy is for People” amendment in the House.

    Watch and see what happens with this bill. Make sure to watch how your Senators or Congressmembers vote.

  2. Why does inequality continue to widen? I call it marginalization.

    Excerpts from a May 16th speech given by Federal Reserve Governor Sarah Bloom Raskin -

    “About two-thirds of all job losses in the recession were in middle-wage occupations — such as manufacturing, skilled construction, and office administration jobs — but these occupations have accounted for less than one-fourth of the job growth during the recovery.

    By contrast, lower-wage occupations, such as retail sales, food service and other lower-paying service jobs, accounted for only one-fifth of job losses during the recession but more than one-half of total job gains during the recovery.

    As a result of these trends in job creation, which could well have been exacerbated by the severe nature of the crisis, the earnings potential for many households likely remains below what they had anticipated in the years before the recession,..”