The Prosperity Gap: A Chartbook of American Living Standards

With many families facing difficult economic times, wealth is becoming increasingly concentrated among the rich. The tables in this "chartbook" illustrate the growing gap between rich and poor. There has been a general decline in economic growth as well as a change in the distribution of i...

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Bibliographic Details
Main Authors Rasell, Edith, Bluestone, Barry, Mishel, Lawrence
Format Report
LanguageEnglish
Published Economic Policy Institute 1997
Subjects
Economically Disadvantaged
Government Role
Income
Living Standards
Low Income Groups
Quality of Life
Social Indicators
Urban Youth
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Summary:With many families facing difficult economic times, wealth is becoming increasingly concentrated among the rich. The tables in this "chartbook" illustrate the growing gap between rich and poor. There has been a general decline in economic growth as well as a change in the distribution of income. In addition, corporations have been taking a larger share of the national income as profits, compared to the size of their investments. Jobs are moving out of manufacturing and into the lowest-paid service-sector jobs. Other factors have played a role in the decline in living standards, but taxes, inflation, government size, high U.S. wages, the education and skills of the U.S. work force, and government regulations are considered to play little, if any, role. Figures illustrate the decline in living standards and some causes. An appendix discusses the methodology responsible for the findings presented. (Contains 43 figures and 31 references.) (SLD)
Bibliography:Charts by David Webster.
ISBN:9780944826652
0944826652