America’s wealth gap is at historic levels, nearing the inequality that marked the exuberant years of the Jazz Age, when the country’s riches were concentrated in the hands of the very top echelon.
America’s wealth gap is at historic levels, nearing the inequality that marked the exuberant years of the Jazz Age, when the country’s riches were concentrated in the hands of the very top echelon.
The concentration of fortune among the most prosperous has been on the rise since the 1980s, with some economists worrying that a stock market bubble will again burst with severe economic consequences.
A slew of factors contribute to the country’s income inequality.
Among those cited, and often disputed, are tax cuts for the wealthy, assistance to the poor, a decline in the influence of unions, globalization, technological advances, and the minimum wage’s shrinking value.
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