PS 106 Lecture Notes - Lecture 6: Poverty Threshold, Census Tract, Work Ethic
9 Nov 2017
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Document Summary
Top 1% income gains have exponentially grown. Household net worth dropped 45% after the recession. Highways and rivers to divide and sequester areas of wealth. Things we cannot always see at first glance. Some people can escape inequality better than others. Middle class wages are stagnant since 1979. Very high wages are going way up. Structural: different opportunities to get material goods. Poverty threshold for a family of 4 (46m americans) were officially in poverty in 2010. 45. 8% of young black children (under 6) live in poverty. 14. 5% of white children live in poverty. 28% of workers earned poverty level wages (2011) Top 20% has a chance of staying at or near the top. Bottom 20% 1/20 chance at making it to the top. By 3, low-income child hears 30m less words than well off child. Test score gap between rich and poor students is twice what it is between b and w students.
