Rich & Poor: Income Inequality in the United States
Income Inequality in the United States
The rich get richer, goes the traditional saying, and the poor get poorer. This saying embodies two implicit economic assumptions. One is that the social community as a whole — the macroeconomic world — is characterized by income inequality, an inequality so sharp that society is divided into two groups, the rich and the poor. The other is that in the usual course of events, this income inequality tends to widen, with the gulf between rich and poor becoming ever more sharply stratified.
The saying that the rich get richer and the poor get poorer is of uncertain age and origin. It certainly goes far back in..