Factors included more market income in the top percentages, a larger increase in wage rates for those at the top, increases in corporate pay, the expansion of technology disproportionately benefiting those at the top, increasing pay for those working in the financial and legal professions, the expansion of financial services, etc. As a result of that uneven income growth, the share of total after-tax income received by the 1 percent of the population in households with the highest income more than doubled between andwhereas the share received by low- and middle-income households declined….
Aug 02, Article By: Andrew Hallam When I was about 12 years old, one of my friends told me a joke. Perhaps we were jealous when we saw somebody else enjoying what we wanted.
But how do we really feel about the rich… and the poor? Psychology researchers The poor and the rich Harris and Susan Fiske wanted to find out.
They conducted brain scans at Princeton University in They showed the subjects photographs of people representing various levels of wealth. In the pictures, some were enjoying the fruits of their riches.
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When our prefrontal cortex lights up, our brains connect with the picture. This is a human being. We have a connection. It lay dormant, much as it would if the subjects saw a rock, a grasshopper or a pile of dirt. Many of us have wondered, for example, how genocide could take place.
Such widespread murder is often the brainchild of a single, evil mastermind. They convince hundreds or thousands of others to commit horrible deeds. He dreamed of returning Cambodia to its glorious past, when its Angkor temples and culture thrived on a rice-based economy.
Educated Cambodians, he figured, would be a threat to his backward plan. He also killed their children. If somebody wore glasses, they were murdered too. Glasses were seen as a sign of intellect.
People often wonder how he convinced so many others mostly teenagers to commit mass murder. But, like the Jews that were forced into concentration camps during World War II, they looked rough when they arrived.
Some of subjects might have argued with the results. But such scan results give us something to think about. Most years, poverty rates ranged between 11 to 15 percent of the U.
Consensus Bureau measures the poverty line based on the number of people in a household. Unfortunately, the percentage of extremely poor people in the United States is growing. It represented about 3.
Init represented about 5 percent of households. A couple of years ago, I wrote about a woman named Joon Madriga. She used to be homeless, and she wrote a book to help others escape poverty. I asked what she disliked most about living on the streets.
She said other people treated her as if she were invisible. This brings me back to those MRI scans. We might feel a tinge of envy when we see someone rich.
There but for the grace of God, go I. Andrew Hallam is a Digital Nomad. The opinion of the author is subject to change without notice. All materials presented are compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed.
This article is distributed for educational puposes, and it is not to be construed as an offer, solicitation, recommendation, or endorsement of any particular security, product, or service. Performance data shown represents past performance. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown.Feb 10, · The widening achievement gap between affluent and low-income students has received less attention than the divide between white and black students, which has narrowed significantly.
Despite the headlines dedicated to donations made by superrich celebrities like Mark Zuckerberg and Oprah Winfrey, data shows that the most charitable people in the U.S.
aren’t those making six. The issue of income inequality is back in the news at a time when the U.S.
public believes there is a growing gulf between rich and poor that is likely to continue, according to . Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among kaja-net.comic inequality sometimes refers to income inequality, wealth inequality, or the wealth kaja-net.comists generally focus on economic disparity in three metrics: .
Do the rich actually pay for the higher taxes when they become law? Technically, the answer is yes.
But the reality is that those costs are usually just passed on to other people or spending is restricted. Either way, the net effect is often a huge hit on the economy. Millions of small and medium. I believe that I am not alone in feeling distressed about the situation of healthcare in Nigeria.
Everywhere you look, the problems stare you in the face. In the public health care space, you face.