So Rich, So Poor : Why It's So Hard to End Poverty in America

Walmart # 558818189

So Rich, So Poor : Why It's So Hard to End Poverty in America

Walmart # 558818189
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If the nation's gross national income--over $14 trillion--were divided evenly across the entire U.S. population, every household could call itself middle class. Yet the income-level disparity in this country is now wider than at any point since the Great Depression. In 2010 the average salary for CEOs on the S&amp;P 500 was over $1 million--climbing to over $11 million when all forms of compensation are accounted for--while the current median household income for African Americans is just over $32,000. How can some be so rich, while others are so poor? <br />In this provocative book, Peter Edelman, a former top aide to Senator Robert F. Kennedy and a lifelong antipoverty advocate, offers an informed analysis of how this country can be so wealthy yet have a steadily growing number of unemployed and working poor. According to Edelman, we have taken important positive steps without which 25 to 30 million &quot;more&quot; people would be poor, but poverty fluctuates with the business cycle. The structure of today's economy has stultified wage growth for half of America's workers--with even worse results at the bottom and for people of color--while bestowing billions on those at the top. <br />&quot;So Rich, So Poor&quot; delves into what is happening to the people behind the statistics and takes a particular look at the continuing crisis of young people of color, whose possibility of a productive life too often is lost on their way to adulthood. This is crucial reading for anyone who wants to understand the most critical American dilemma of the twenty-first century. <br />

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9781595587855
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