Research Paper On Income Inequality

Decent Essays
Final Essay- Income Inequality One of the main inequality issues in America is income distribution. Income is not distributed equally among social classes resulting in unequal amount of pay and earned income. US income rose from 1970s to 2007. People in the 70th percentile noticed their income declined while anyone above 70th percentile has an increasing income. People who were placed at the 10th percentile discovered their income start to plateau from 2001-2007. They did however, notice they had a bump in income resulting from a raise in minimum wage, but most states had a decrease in income from 2005-2007. Anyone at the 90th percentile or above noticed a raise in income. There was about a five times difference from workers at the 10th percentile to the 90th percentile. There was also an increase in…show more content…
Alabama, Delaware, New Jersey and Wyoming showed an increase in wages from 2001-2007. In 2001, Delaware had an inequality ratio of 4.29 but then increased to over 5 by 2007. New Jersey had a higher inequality ratio than Delaware but continued to increase from 5.36 to 5.78. California, Mississippi, New York, and Illinois had worse ratios for females and better ratios for males. Tennessee was the only state to decrease their inequality ratio from 4.65 to 4.25 by 2007. Montana only showed a difference with men’s income ratio from 4.13 down to 3.62. California not only showed increase in inequality, but showed more of an increase for women’s income inequality. Women in the 90th percentile had a ratio of 4.26 more times than the women in the 10th percentile, but then grew to a 4.59 ratio. California already had a high-income ratio of 4.72 and raised to 5.51 by 2007. Indiana is the only state to stay at a low-income ratio of 3.64. Men in the 90th percentile in 2001 had a ratio of 5.3 and continued to stay at this rate for six years, but at the same time, Alabama had a rising rate from over 4
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