Tuesday, September 13, 2011

The Land of Ineqaulity

Inequality continues to grow, and now corporate America is taking notice.

Manufacturers like Procter & Gamble, the household-goods giant responsible for everything from Charmin and Old Spice to Tide, are concentrating their efforts on luxury and bargain items, putting less emphasis on products aimed at the middle class, the Wall Street Journal reports.
What else does rising inequality bring? More poverty!

An additional 2.6 million people landed in poverty last year, bringing the total to 46.2 million -- the highest number since the government started tracking poverty in the 1950s.
For the record, our current inequality ranking is 72nd, nestled comfortably between Turkmenistan and Turkey. The last we were so unequal? Right before the Great Depression.

On a final note, I think I posted this chart last year, but it is worth looking at again. It shows inequality in America in reality and in the heads of Americans.

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