+1. Seems to me wealth accumulation has accelerated at the time the economy went global with other countries wanting to appear to participate in free market growth. Problem is the world is not a free market environment and laws do not protect average, foreign-country citizens that want to participate in commerce without having to pay off those in positions to govern. Ultimately leaders here who establish businesses abroad benefit from that reduced labor expense. Originally Posted by Luv2MunchYes, I do agree with Luv2Munch and CuteOldGuy's views. We definitely don't have a free labor market environment due to capitalist chronies at the top. This needs to change. It's harder and harder for small businesses to prosper also. Look at this information I found:
Beginning in the 1980s, relative poverty rates in the United States have consistently exceeded those of other high-income countries (Smeeding, 2006) (see Figure 6-1). This difference has increased over time. By the late 2000s, the relative poverty rate in the United States exceeded that of all 16 peer countries. It also exceeded rates in 31 OECD countries, including Australia, Chile, the Czech Republic, Estonia, Hungary, Japan, Korea, Mexico, New Zealand, Poland, the Slovak Republic, Slovenia, and Turkey (OECD, 2011e).
Measured in terms of relative poverty, the United States also has the highest rate of child poverty of the 17 peer countries (Gornick and Jäntti, 2010; OECD, 2012e). As of 2008, more than one in five (21.6 percent) U.S. children lived in poverty, the fifth highest rate among 34 OECD countries (OECD, 2012e). Similarly, a UNICEF study found the United States to have the highest child poverty rate of the 24 rich countries it examined (UNICEF, 2007). As with poverty overall, the trend first became noticeable in the 1980s, a time of economic transformation in the United States, and the effect on child poverty rates was dramatic: within the short span of the mid-1980s, child poverty increased by almost one-third in the United States (Jäntti and Danziger, 1994). Since then, the country has consistently had the highest relative child poverty rates among all rich nations (OECD, 2012e; Whiteford and Adema, 2007) (see Figure 6-2).
According to the OECD, income inequality in the United States in the late 2000s was higher than the average of all OECD countries. One common measure of income inequality is the Gini coefficient, which ranges from 0 to 1 with larger values indicating greater inequality: the OECD average was 0.31, and it was 0.38 in the United States. The U.S. Gini coefficient exceeded that of all 16 peer countries, as well as all other OECD countries except Chile, Mexico, and Turkey (OECD, 2011e).13
Excerpt from "Shorter Lives, Poorer Health"
http://www.nap.edu13497/chapter/1