Friday, May 6, 2011

GRAPH: Income Inequality In U.S. Worse Than Ivory Coast, Pakistan, Ethiopia

GRAPH: Income Inequality In U.S. Worse Than Ivory Coast, Pakistan, Ethiopia

GRAPH: Income Inequality In U.S. Worse Than Ivory Coast, Pakistan, Ethiopia

by SOURCE on MAY 6, 2011

in: AMERICAN EMPIRE, ECONOMY

From ThinkProgress.org

As ThinkProgress has repeatedly noted, crucial services and public investments for Main Street America are being gutted as taxes on the richest Americans are the lowest they’ve been in a generation. Yet many Americans may not know exactly how unfair this is, as the country has grown increasingly unequal at the same time. Using data from the CIA Factbook based on the Gini coefficient — a measure of income inequality within a society — ThinkProgress has assembled the following graph, which demonstrates that the United States is now about as economically unequal as Uganda and more unequal than countries like Pakistan or the Ivory Coast:

Income inequality in the United States is actually higher than at any other time in modern history since the Great Depression. There is also a tremendous amount of inequality even in life