Society and Baseball Face Rising Income Inequality
This article was published in the Spring 2013 Baseball Research Journal.
Data clearly show that the United States has been experiencing rising income inequality for over two decades. The most comprehensive source of income inequality data is published by the US Bureau of Labor Statistics (BLS) and the Census Bureau. Their annual Current Population Survey publication reports income separated into quintiles (fifths) as well as income earned by the top 5 percent. The roughly 6 million households in the top 5 percent command just over 22 percent of total US income, numbers that have been generally rising since the mid-1970s. . . .
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