Income Inequality - Blog Posts

Hard to rise, and harder to fall: Poor college grads stay poor about as much as rich high school dropouts stay rich.

Poor kids who do everything right don’t do better than rich kids who do everything wrong

Look at the difference: In 1977 I bought a small house in Portland Oregon for $24,000. At the time I was earning $5 per hour working at a large auto parts store. I owned a 4 year old Chevy Nova that cost $1,500. Now, 36 years later that same job pays $8 an hour, that same house costs $185,000 and a 4 year old Chevy costs $10,000. Wages haven’t kept up with expenses at all. And, I should point out that that $5 an hour job in 1977 was union and included heath benefits.

an anonymous online commenter on the current economy. (via han-nara)