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Income Distribution - Online Essay

Income Distribution

Michael Ferranti
Economics 001
Income Distribution
November 13, 2012

Over the last 30 years the participation of women in the work force has increased dramatically, unfortunately the pay gap between men and women has not decreased much at all. On top of that the pay gap between the classes of working America is increasing. While there have been some improvements there is still a lot of room for improvement.

As of 2011 women's median hourly wages were about 84 percent of males median hourly wages. Also a woman who just graduated high school earned about $9.92 an hour on average, while a man who graduated the same year earned $11.68. A man that just graduated college earns, on ...

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to support a family of four at the poverty level. The majority of poverty-level wage workers, 55.1 percent, in America in 2011 were women. Women aren't just affected by the pay gap between genders but also but the job related benefits. While it isn't a huge gap men's employer provided pension coverage was almost 2 percent higher than women's. Men who received employer provided health insurance coverage was 55.1 percent while women who received employer provided health insurance coverage was 49.9 percent.

While the gender gap in pay inequality continues to be a problem there is another problem and that is the income inequality between classes. In 2010 the highest income 1 percent of people in the country earned 17.2 percent of all income in the United States economy. The bottom 90 percent of people received only 55.5 percent of all the income and held just 23.3 percent of all the wealth while the top 1 percent held 35.4 percent of all the wealth in the country. Between 1979 ...

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PAPER DETAILS
Added: 12/9/2012 05:47:47 PM
Submitted By: mferra28
Category: Economics
Type: Premium Paper
Words: 699
Pages: 3

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