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Upcoming Hearing: Subcommittee Hearing on the Growing Middle Class Income GapBy Betsy Miller Kittredge on 07-30-2008, 05:45 PM in
On Thursday, July 31, the Workforce Protections Subcommittee will hold a hearing on the growing income equality and its effects on the middle class. Stagnant wages have contributed to income inequality. The rapidly rising costs of food and energy have put additional pressures on families already struggling to make ends meet. Income inequality has been rising since the late 1970’s when the top 1 percent of wage earners earned less than 10 percent of all income. But since then, these top earners have increasingly accounted for a larger portion of the income pie: By 2006, the top 1 percent earned more than 20 percent of our nation’s wealth. Comments: No Comments. Submit a Comment Comments are open for 24 hours after the post is made. |
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