Income Gap continues to grow!

Even though the United States is the richest country in the world, we suffer from one of the highest levels of income inequality in the world. Income inequality is now at its highest point since the Great Depression as the income gap grows between the rich and the poor. Between 2008-2012 the poorest fifth of households had an average income of $20,510 compared to the top fifth income of $164,490. Globalization, technological advancements, fewer unions, rising health insurance costs, increased competition from low-skilled immigrants, and a declining education system have caused wages to decrease for a majority of Americans.
If the federal minimum wage was raised there would be an immediate solution to the income inequality.




http://ivn.us/2012/11/24/nationwide-studies-show-the-income-gap-continues-to-grow/