{a} Recent U.S. income growth primarily occurs at the top 1 percent of the income distribution. {b} As a result there is growing inequality. {c} And those at the bottom and in the middle are actually worse-off today than they were at the beginning of the century. {d} Inequalities in wealth are even greater than inequalities in income. {e} Inequalities are apparent not just in income but in a variety of other variables that reflect standards of living, such as insecurity and health. {f} Life is particularly harsh at the bottom-and the recession made it much worse. {g} There has been a hollowing out of the middle class. {h} There is little income mobility-the notion of America as a land of opportunity is a myth. {i} And America has more inequality than any other advanced industrialized country, it does less to correct these inequities, and inequality is growing more than in many other countries.
( Joseph E. Stiglitz )
[ The Price of Inequality: How ]
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