{"id":6598,"date":"2018-02-05T15:38:31","date_gmt":"2018-02-05T15:38:31","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/chapter\/outcome-measuring-and-understanding-the-distribution-of-income\/"},"modified":"2024-04-25T23:08:33","modified_gmt":"2024-04-25T23:08:33","slug":"introduction-to-measuring-and-understanding-the-distribution-of-income","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-microeconomics\/chapter\/introduction-to-measuring-and-understanding-the-distribution-of-income\/","title":{"raw":"Introduction to the Distribution of Income","rendered":"Introduction to the Distribution of Income"},"content":{"raw":"

What you\u2019ll learn to do: analyze and measure economic inequality<\/h2>\r\n[caption id=\"\" align=\"aligncenter\" width=\"651\"]\"This Figure 1. Occupying Wall Street.<\/strong> On September 17, 2011, Occupy Wall Street began in New York City\u2019s Wall Street financial district. (Credit: modification of work by David Shankbone\/Flickr Creative Commons)[\/caption]\r\n\r\nIn September 2011, a group of protesters gathered in Zuccotti Park in New York City to decry what they perceived as increasing social and economic inequality in the United States. Calling their protest \u201cOccupy Wall Street,\u201d they argued that the concentration of wealth among the richest 1% in the United States was both economically unsustainable and inequitable, and needed to be changed. The protest then spread to other major cities, and the Occupy movement was born.\r\n\r\nWhy were people so upset? How much wealth is concentrated among the top 1% in our society? How did they acquire so much wealth? These are very real, very important questions in the United States now, and this section on economic inequality will help us address the causes behind this sentiment.","rendered":"

What you\u2019ll learn to do: analyze and measure economic inequality<\/h2>\n
\"This<\/p>\n

Figure 1. Occupying Wall Street.<\/strong> On September 17, 2011, Occupy Wall Street began in New York City\u2019s Wall Street financial district. (Credit: modification of work by David Shankbone\/Flickr Creative Commons)<\/p>\n<\/div>\n

In September 2011, a group of protesters gathered in Zuccotti Park in New York City to decry what they perceived as increasing social and economic inequality in the United States. Calling their protest \u201cOccupy Wall Street,\u201d they argued that the concentration of wealth among the richest 1% in the United States was both economically unsustainable and inequitable, and needed to be changed. The protest then spread to other major cities, and the Occupy movement was born.<\/p>\n

Why were people so upset? How much wealth is concentrated among the top 1% in our society? How did they acquire so much wealth? These are very real, very important questions in the United States now, and this section on economic inequality will help us address the causes behind this sentiment.<\/p>\n\n\t\t\t

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Candela Citations<\/h3>\n\t\t\t\t\t
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CC licensed content, Original<\/div>