Rich Getting Richer--NY Times

Brian Carnell briand at net-link.net
Sun Jun 23 22:05:11 MDT 1996


On Thu, 20 Jun 1996 15:14:04 -0400, Yakobochi at aol.com wrote:

>
>
>
>
>
>
>Rich Are Getting Even Richer, Data Shows

>   Looking at five different indicators to measure household income
>distribution, the Census Bureau has determined that from 1968, when the
>gap began to widen, to 1994 -- the last year for which complete data are
>available -- despite some yearly fluctuations each indicator has shown a
>pronounced increase in the gap between the incomes of the well-to-do and
>those of the poor and the working class.

Unfortunately what the report left out was that in the U.S. the poor
are also getting richer. The bottom 20% today have as much income as
those in the top 50% had in the early 1950s.

Pretty good progress.

What happened to the income levels of people in socialist and
communist nations?

-----------------------------------------------------------------
Brian Carnell                   http://www.net-link.net/~briand/
briand at net-link.net


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