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INEQUALITY EXPRESS

The Inequality Express
"Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, those who are cold and are not clothed." – (President Dwight D. Eisenhower, 1953).
Between 1947 and 1970 all income groups in America experienced economic advancement. In fact, lower income families had higher growth in annual income than families of higher income. However, in the early 1970's this pattern changed. The higher income families, mostly within the top 20 percent income bracket, continued to increase there income, while families in the bottom 40 percent, experienced declining incomes.
The difference in income between the lower income brackets and the higher income brackets, which continued through the mid-1990's, was due to a slowdown in productivity growth. Profits and wages depend largely on how much we produce, within approximately 35 years, productivity decreased and therefore there was l...

Posted by: Kelly G Hess

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