Income Inequality In The United States Has Increased Over The Past 10 Years

The united states could improve income inequality with employment training and investing in education.

Income inequality in the united states has increased over the past 10 years. In 2014 15 however rural inequality increased cutting the urban rural inequality gap in half. Real median household income rose by 0 8 to 61 937 in 2018 a slightly smaller increase than in the three previous years the census bureau said. Inequality has grown thanks to outsourcing and companies replacing workers with technology. Income more than the lower four fifths combined according to census bureau data.

At the same time the share of income from self employment has declined particularly in rural america and because self employment income is very unequally distributed its diminution has retarded the growth of rural inequality. Is at its highest level in more than 50 years according to new census data. In the united states the top 10 receive more than 50 of total income. In 2018 households in the top fifth of earners with incomes of 130 001 or more that year brought in 52 of all u s.

This could best be represented with a time series graph all the workers in the manufacturing sector in a particular country fit into one and only one of the following three categories. The gap between rich and poor is the widest in five states. Income inequality in the u s. Households have steadily brought in a larger share of the country s total income.