Poverty
Related: About this forumWhy voters don’t care more about income inequality
http://www.salon.com/2014/10/05/why_voters_dont_care_more_about_income_inequality_partner/A new study suggests Americans vastly underestimate the current gap between the country's rich and poor
Why voters dont care more about income inequality
David Sirota
Sunday, Oct 5, 2014 11:00 AM EST
If critics of income inequality are wondering why the growing gap between rich and poor hasnt been a more potent political issue in the upcoming elections, a new study offers some answers: Americans grossly underestimate this inequality. Thats one of the key findings of a survey showing the gap between CEO and average worker pay in America is more than 10 times larger than the typical American perceives.
In the report, Harvard University and Chulalongkorn University researchers analyzed survey data from 40 countries about perceptions of pay gaps between rich and poor. In every country, respondents underestimated the size of the gap between CEO and average worker pay. In the United States, for example, the researchers found the median American respondent estimated that the ratio of CEO to worker income is about 30-to-1. In reality, the gap is more than 350-to-1.
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Similarly, Standard & Poors has released reports showing the widening gap between rich and poor threatens Americas overall economic growth and is exacerbating state budget crises. And a study published by the National Bureau of Economic Research finds that Americas higher rate of infant mortality than Europe is driven almost exclusively by excess inequality in the United States.
Despite all this, though, economic inequality remains a peripheral political issue. Why? Based on the data, it is not because the problem is insignificant it is more likely because Americans misperceive just how unequal their country has become.
RadicalGeek
(344 posts)They are still conviced that the "American Dream", an idea based in a different economy, is still real and relevant.
Of course, that notion may have been a mere tool to keep Americans from developing the "Class Consciousness" that many European Nations of that time had.
roseBudd
(8,718 posts)Like and start sharing this Facebook page
https://www.facebook.com/pages/Trickle-Down-Economics-is-a-Hoax/649431898439670
NYC_SKP
(68,644 posts)We are literally conditioned to not only admire wealth but, consequently, feel shame for despising those with wealth and conspicuous consumption.
While we no longer have the show, Lifestyles of the Rich and Famous, we have other shows.
Duck Dynasty is really just a show about rich people showing off.
K/R
marym625
(17,997 posts)The graph in this post from the Washington Post might help them see it.
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=5611800
rock
(13,218 posts)that politicians would have to be crazy to want an informed electorate? Not only would most politicians be kicked out of office but many would have harsh penalties imposed and some would end up in prison for life, or longer!