The gulf between the richest 1 percent and the rest of America is the widest it’s been since the Roaring ’20s.
Who are the “one percent” in the Philadelphia region?
Income disparity provides an incentive to work hard. But at what point does income inequality begin to work against economic growth?
“You are beginning to see a lot of people in our society who have become disenfranchised,” says the director of corporate social responsibility for the Sisters of St. Francis, in Aston, Pa.
Numerous polls show that Americans, with the steepest income gap of any developed country, are concerned about the growing trend but are divided over what to do about it.