Rich and Poor in America: A Reference Handbook (Contemporary - download pdf or read online

By Geoffrey Gilbert

This paintings presents a radical evaluate and research of the expanding hole among the americans on the most sensible and backside of the commercial scale.

• a variety of records and excerpts in terms of how americans understand the space that exists among the haves and the have-nots, resembling Andrew Carnegie's well-known "Gospel of Wealth" (1889)

• An up to date collection of facts, permitting the reader to get a transparent, quantitative experience of the level of source of revenue and wealth transformations in modern America

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Extra resources for Rich and Poor in America: A Reference Handbook (Contemporary World Issues)

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Since race and poverty are closely linked, since neighborhoods have become ever more stratified by housing price, and, finally, since the courts no longer impose busing for the purpose of achieving desegregation, schools tend to be populated by children of the same race and socioeconomic class. The typical black student attends a school that is only 31 percent white, while the typical white student attends a school that is 80 percent white. ) Segregation by class or income is equally widespread.

Low-income children attend public schools that are inferior in almost every way to the ones attended by more affluent children, and when (or if) they graduate from high school, they are much less likely to attend college than the sons and daughters of the middle class. Several policies have been proposed to remedy the problem of unequal educational opportunity, and we will examine them later in this chapter. S. labor market. Labor Skills, Labor Demand, and Technological Change In theory, the wage in every labor market is determined by the interplay of supply and demand.

In the later period, by contrast, the poorest quintile saw their incomes rise by only 12 percent over a 27-year period—an almost negligible change—while higher quintiles fared better. For the top quintile, there was a 67 percent rise in real income. The rising tide lifted the yachts far higher than the rowboats. To push the metaphor one step further, what about the ordinary tugboat berthed next to a yacht or a cruise ship? Let the tugboat represent the median American household income, that is, the income that is exactly in the middle of the distribution, with half the population above it and half below it.

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