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What is Race as a concept?
The sorting of people into groups based on PERCEIVED physical characteristics.
-Race is SOCIALLY constructed
What is Ethnicity as a concept?
The sorting of people based on national origin, language, religion, and or culture.
What where the top effective tax rates under Carter and Bush II?
Carter - 1979 - 37%
Bush II - 2006 - 31.2
US vertical social mobility compared to the other top 20 advanced industrial economies?
Unemployment gap by race & ethnicity
-Latinos are 50% more likely to be unemployed
-Blacks are twice as likely
How would you describe the income growth between 1947-1979 compared to 1979-2009
1947-1979 - Strong & Wide
1979-2009 - Weak & Narrow
Productivity growth vs median income over the past 35 years
-Productivity growth - Gown up dramatically
-Real median income -Stagnated
Distribution of wealth between the top 5% and the bottom 80%
-Top 5% holds 63%
-Bottom 880% holds 12%
American perceptions on the distribution of wealth?
Underestimate the actual distribution
But would like things to be more even
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