At least from one perspective. But people are peddling pretty fast to keep up. More are working, but for less pay, say advocates for poor Also, poverty among minority groups is on the rise.
Median household income rose about 1 percent between 2004 and 2005 […] the median income for individuals nationwide dropped — men’s about 1.8 percent and women’s about 1.3 percent.Based on its survey of 800,000 households across the country, the Census Bureau estimates that 37 million people were living in poverty in 2005, or 12.6 percent of Americans.
Nearly 18 percent of people in poverty in 2005 were children under 18. That’s 12.9 million children.
Among the poor in 2005, 43.9 percent were non-Hispanic white, 24.9 percent black, 11.1 Asian American, 21.8 percent Hispanic of any race.
American style laissez-faire capitalism in a nutshell. There never was a more deceitful, deviously ingenious system to gloss over ethnic and socioeconomic stratification while essentially labelling criticism not only as irrelevant but as downright treasonous.
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