Discuss the pattern of income inequality that has emerged since the recovery from the economic crisis of 2008 began.
What will be an ideal response?
Though economic growth began to return in 2010 and 2011, the working and lower-middle classes received little or nothing from this growth. Median household income declined by 2.3% in 2010 and was 6.4% percent lower than in 2004. In 2011, income inequality in the United States was higher than at any time in the previous 30 years. The average income (adjusted for inflation) for the bottom 20% of the population has hardly increased with the average income for the top 1% increased by almost 200%.
You might also like to view...
In the case of Martin v. Hunter’s Lessee, the Court established its ruling based on ________ which allows the Supreme Court to declare state laws unconstitutional .
A) the full faith and credit clause
B) Article I of the Constitution
C) the supremacy clause
D) the doctrine of primogeniture
E) the example of judicial discretion
The First Amendment gives television stations the right to have cameras in courtrooms
Indicate whether this statement is true or false.
The spark that ignited World War I was
a. the assassination of Archduke Ferdinand in Sarajevo. b. Germany's invasion of Poland. c. the British naval blockade in the Atlantic. d. the storming of the French Bastille.
The first major European supranational authority was
a. the Council of Rome. b. the European Coal and Steel Community. c. the European Atomic Energy Community. d. Pax Romana.