ERIC Number: ED431047
Record Type: RIE
Publication Date: 1997
The Prosperity Gap: A Chartbook of American Living Standards.
Rasell, Edith; Bluestone, Barry; Mishel, Lawrence
With many families facing difficult economic times, wealth is becoming increasingly concentrated among the rich. The tables in this "chartbook" illustrate the growing gap between rich and poor. There has been a general decline in economic growth as well as a change in the distribution of income. In addition, corporations have been taking a larger share of the national income as profits, compared to the size of their investments. Jobs are moving out of manufacturing and into the lowest-paid service-sector jobs. Other factors have played a role in the decline in living standards, but taxes, inflation, government size, high U.S. wages, the education and skills of the U.S. work force, and government regulations are considered to play little, if any, role. Figures illustrate the decline in living standards and some causes. An appendix discusses the methodology responsible for the findings presented. (Contains 43 figures and 31 references.) (SLD)
Descriptors: Economically Disadvantaged, Government Role, Income, Living Standards, Low Income Groups, Quality of Life, Social Indicators, Urban Youth
Economic Policy Institute, 1660 L Street NW, Suite 1200, Washington, DC 20046; Tel: 202-331-5510; e-mail: epinet.org ($15).
Publication Type: Numerical/Quantitative Data; Reports - Descriptive
Education Level: N/A
Sponsor: Carnegie Corp. of New York, NY.; John D. and Catherine T. MacArthur Foundation, Chicago, IL.
Authoring Institution: Economic Policy Inst., Washington, DC.
Note: "Charts by David Webster."