Income Inequality and its Associated Negative Outcomes in the USA
BY: Andrew Rupp PEJOURNAL - Since the 1970’s, most member countries of the Organisation for Economic Co-operation and Development (OECD) have shown rising levels of income inequality (d’Agostino et al., 2020). In the USA the existence of income inequality is widely known, yet many remain unaware of the current, colossal levels of inequality (Norton and Ariely, 2011). Indeed, as recent as 2016, the combined global wealth of 99% of the world’s population was still less than that owned by the richest 1% (Oxfam International, 2017). In America in 2016, the wealthiest 10% owned nearly 80% of the nation’s wealth while…
