Unformatted text preview: determining income without account to education and class differences. Fallows brings up points that just because certain income levels were above the average it did not necessarily entail equal distribution as far as economic class and casualties. Cassidy Cassidy argues that in the last 30 years a major transformation regarding the distribution of income has been occurring. Cassidy mentions that declining wages, combined with declining value in the dollar as well as increasing real estate prices have increasingly broken down the middle class. Furthermore Cassidy also disagrees with conservative economists who try to attack the data as oppose to the causes of such trends. Cassidy further argues that education levels due correlate with income, but that differences in these trends reflect greater social patterns. Cassidy argues that differences in education and income lead to massive inequities in the distribution of wealth that can not be explained due solely to personal choices....
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This note was uploaded on 03/05/2008 for the course POL SCI 6 taught by Professor Denardo during the Winter '08 term at UCLA.
- Winter '08