Essays On Inequality In America

Essays On Inequality In America-89
Wealth inequality is another source of great concern for the nation. Census Bureau finds that from 1979 to 2008, the real income of the poorest one-fifth of Americans decreased by 4 percent.As noted previously, the median net worth of African American families is less than 10 percent that of white families.14 Since the Reagan era of the 1980s, the nation’s wealth has been increasingly concentrating in the hands of the richest Americans. For the middle one-fifth, real family income increased by 14 percent.This dissertation consists of three chapters on labor economics.

Wealth inequality is another source of great concern for the nation. Census Bureau finds that from 1979 to 2008, the real income of the poorest one-fifth of Americans decreased by 4 percent.As noted previously, the median net worth of African American families is less than 10 percent that of white families.14 Since the Reagan era of the 1980s, the nation’s wealth has been increasingly concentrating in the hands of the richest Americans. For the middle one-fifth, real family income increased by 14 percent.This dissertation consists of three chapters on labor economics.

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For the richest 5 percent, real family income growth has increased more than 70 percent.

What this trend has meant for African Americans is that nearly one-third (30 percent) of the African American population saw its income decrease and another 25 percent saw only a small (6 percent) increase — in almost 30 years.

When the GI bill passed, segregation and white supremacy were the law of the land in many states and the de facto reality throughout the nation.

So injecting massive resources into that particular status quo had the effect of intensifying a racial economic inequality that endures even today.

Today, as we look back on the term of the first African American president, one would hope that much of the racial inequality between African Americans and white Americans had in fact been overcome.

Indeed, this is what most people in the country believed soon after the election of President Obama.

The Civil Rights movement of the 1950s and 1960s ended the legally sanctioned segregation of the South and challenged de facto segregation across the country.

But as in the Reconstruction era following the Civil War, the economic aid and investment necessary for African American communities to develop wealth was denied, leaving racial inequality to endure.

Depressed living standards for Negroes are not simply the consequences of neglect.

Nor can they be explained by the myth of the Negro’s innate incapacities, or by the more sophisticated rationalization of his acquired infirmities.

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