Are the rich getting richer while your standard of living is decreasing?
The following Census Bureau report addresses this issue. You are required to read
this report for your final exam. You are also responsible for knowing the information in the table
below.
|
Shares of the World Income 1965-1990 |
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|
Population |
Percent of Total World Income |
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|
1965 |
1970 |
1980 |
1990 |
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|
Poorest 20% |
2.3 |
2.2 |
1.7 |
1.4 |
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|
Second 20% |
2.9 |
2.8 |
2.2 |
1.8 |
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|
Third 20% |
4.2 |
3.9 |
3.5 |
2.1 |
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|
Fourth 20% |
21.2 |
21.3 |
18.3 |
11.3 |
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|
Richest 20% |
69.5 |
70.0 |
75.4 |
83.4 |
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|
Source: Roberto Patricio Korzeniewicz and Timothy Patrick Moran, "World-Economic Trends in the Distribution of Income, 1965-1992," American Journal of Sociology, Vol. 102, No. 4, January 1997. |
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I will give you 10 extra credit points to describe your visit to the following web page devoted to one of the founding fathers of sociology.
