Ever heard of the 1%? Or the 99%? Or the difference between Wall Street and Main Street? Then you've already heard about income inequality, which has become a central topic in this year's presidential election. And for good reason – income inequality has reached record levels and shows no sign of slowing down. Now, voters are asking candidates for solutions.
Income inequality is the gap between the wealthiest and poorest Americans. Income inequality has been rising since the 1970s, and experts say that the gap between rich and poor in America is now the largest it's been since the years before the Great Depression (not the best throwback). Some statistics show that the top 3% of Americans have over half of all the money in the entire country, which a lot of people, and especially a lot of young people, think is absurd.
Since the Great Recession, median income for young adult workers has declined a whopping 70 percent faster than it has for the overall workforce.
The gap between the wealthiest Americans and, well, the rest of America has reached absurd heights. Many argue that addressing this issue is the only way to guarantee that all Americans have a fair chance at an education, a good job, and the economic security they need to raise their families.
I want to create jobs so that you don't have to worry about the minimum wage...But I think having a low minimum wage is not a bad thing...Donald Trump [R]