Some Reasons Behind Income Inequality

By:  Bob Adelmann
10/25/2011
       
Some Reasons Behind Income Inequality

In an effort to examine the Occupy Wall Street crowd’s complaint about income inequality, economist Mark Perry has concluded that people with higher incomes work harder and longer than those who don't.

A quick perusal of Perry’s graph based on the Census Bureau’s data illustrates the following reasonable conclusions: Households with high incomes have more people working full time, they’re in their peak earning years, they’re married and college-educated. On the other hand, households at the opposite end of the spectrum have fewer people working, more likely to be single and less-well educated, and less likely to be in their peak earning years.

Current data from the Census Bureau show the following:
 

In an effort to examine the Occupy Wall Street crowd’s complaint about income inequality, economist Mark Perry has concluded that people with higher incomes work harder and longer than those who don't.

A quick perusal of Perry’s graph based on the Census Bureau’s data illustrates the following reasonable conclusions: Households with high incomes have more people working full time, they’re in their peak earning years, they’re married and college-educated. On the other hand, households at the opposite end of the spectrum have fewer people working, more likely to be single and less-well educated, and less likely to be in their peak earning years.

Current data from the Census Bureau show the following:

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