Ray From Cleveland
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- Aug 16, 2015
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- #721
What do you think explains this:Four decades....... well let's look at that.
What did we have four decades ago? Not much in comparison. I know because I was a child of the 70's. Back then, we had a landline telephone, a stereo with a cassette player, a 25" color television, and if you were lucky, a roof antenna instead of rabbit ears. Going out to eat was a treat instead of a weekly staple. Most families had one car. Want to see a new movie? Get in the car and drive to the cinema. That too was a treat.
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"Income inequality in the United States has increased significantly since the 1970s after several decades of stability, meaning the share of the nation's income received by higher income households has increased. This trend is evident with income measured both before taxes (market income) as well as after taxes and transfer payments. Income inequality has fluctuated considerably since measurements began around 1915, moving in an arc between peaks in the 1920s and 2000s, with a 30-year period of relatively lower inequality between 1950–1980.[1][2]"
Income inequality in the United States - Wikipedia
I never disagreed with that. All I am saying is that the reason for it are changes that took place in our society since then.