Social Class: Income Inequality

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Shrinking Shares
How much of the total U.S. national income have the top 1% highest earners captured?
CHASE Bank (almost) explains economic insecurity
How long a typical worker will have to work to earn what her company's CEO makes in a single hour
a line graph shows the number of us states and canadian provincials
Homicide rates are higher in more unequal US states and Canadian provinces
Source: Daly M, Wilson M, Vasdev S. Income inequality and homicide rates in Canada and the United States. Can J. Crim 2001: 43:219-36
the line graph shows that there are two different types of people in the united states
Union membership and share of income going to the top 10 percent, 1917-2015
Source: Economic Policy Institute
a line graph shows the number of individuals in each country
Status anxiety is higher at all levels of income in more unequal countries.
Source: Redrawn from Layte and Whelan (2014), data kindly provided by Richard Layte
the tweet was posted on twitter about china's economic growth and its impact
It's wild how so many Americans view the outsourcing of domestic manufacturing to China over the past 25 years as some devious Chinese plan for domination rather than a strategy by which the American ruling class exploded its profit margin by exploiting global inequality. ~ @tsengputterman
NYC medic helped “make ends meet” with racy OnlyFans side gig ~ @nypost Leave her alone. The actual scandalous headline here is “Medics in the United States need two jobs to survive” ~ @AOC
NYC medic helped “make ends meet” with racy OnlyFans side gig ~ @nypost Leave her alone. The actual scandalous headline here is “Medics in the United States need two jobs to survive” ~ @AOC
a line graph shows that there are many different types of labor in the united states
Societies with wider income differences need nore "guard labor"
Source: Bowles & Jayadev, NYT 2014
a line graph showing the number of people in different countries
Median Income during Donald Trump's Presidency
Trump loves to talk about how middle class incomes have increased during his presidency—and that was true in his first three years. In September, the Census Bureau released data showing that the median American household earned $68,703 in 2019—up $5,800 or 9% from 2016, after adjusting for inflation. A strong job market helped lift incomes, as more people worked full-time, year-round. And more than 20 states also raised their minimum wage, boosting earnings for low-income workers. Source: CNN
a line graph shows the number of companies that have invested in their company's shares
Corporate Profits after Tax (blue) and Real Median Household Income (red) in the United States
Corporate Profits after Tax (blue) and Real Median Household Income (red) in the United States, 2000-2016 Source: Federal Reserve Economic Database
the text on the phone says, median worker income $ 2, 000 if pay rose with gd since then $ 3, 000
Median worker income 1975: $42,000 If pay rose with GDP since then: $92,000 Actual pay now: $50,000 Top !% pay 1975: $289,000 If pay rose with GDP since then: $630,000 Actual pay now: $1,384,000 "Where'd my money go?" To the rich, $42k a year of it ~ @DanPriceSeattle
NEW: Donald Trump reported making more than $1.6 billion in outside revenue and income during his four years as president, according to a review of his financial disclosures by CREW ~ @CREWcrew bUt hE dOnatED HiS sAlaRY By not accepting the $1.2 million he would have earned from four years of his presidential salary, President Trump brought in $1.6 BILLION from businnesses that foreign governments and special interests used to curry favor with him and his administration. ~ @RobertMaguire_ Income Inequality, Special Interest, Government, Politics, Bring It On
NEW: Donald Trump reported making more than $1.6 billion in outside revenue and income during his four years as president, according to a review of his financial disclosures by CREW ~ @CREWcrew bUt hE dOnatED HiS sAlaRY By not accepting the $1.2 million he would have earned from four years of his presidential salary, President Trump brought in $1.6 BILLION from businnesses that foreign governments and special interests used to curry favor with him and his administration. ~ @RobertMaguire_
a bar chart that shows the number of people who have paid for their homeown
Fewer than half of U.S. adults have emergency funds that would last three months, 2020
Source: Pew Research Center