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Example Of Income Inequality

Jul. 05, 2012 7:05 PM ET1 Comment
Zach Tripp profile picture
Zach Tripp's Blog
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I listened to this report on Bloomberg this afternoon and it got me thinking about income inequality. Here is a link to the broadcast: bloom.bg/M7Ycf6

Here is my hypothetical example:

Let's say you pick one county in the US and find the average income of the lowest 20% is $25,000 and the average income for the top 20% (in the same county) is $250,000, a difference of $225,000. You come back 10 years later, and the average salary for the lowest 20% is $67,852 and the average income for the top 20% is $619,557, a difference of $552,705. The difference has more than doubled in 10 years.

What should be done about this?

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