Income Inequality in the United States

Paper Summary:

This paper provides a synopsis of the article "The Poor Get Richer" by Geoffrey Colvin. The paper describes the definition of the business research and its purpose, the business problems under investigation and identifies the parties involved in conducting the research. The paper also details the methods used to conduct the research project.

Table of Contents:
Abstract
Research and Evaluation of Income Inequality in the United States
Business Research and Purpose
Business Problems Under Investigation
Parties Involved in the Research
Methods Used to Conduct Research
Conclusion

From the Paper:

"Bernstein and Mishel researched data from the federal government's study on family finances. Additional supporting evidence was obtained from the new Economic Report of the President and cited information from the Census Bureau showing earnings from college graduates declined 5.2% while those of high school graduates rose 1.6% from 2001 to 2004. Using this data along with studies from the Kauffman Foundation and Duke University, Bernstein and Mishel concluded the reason for the trend reversal. Bernstein and Mishel attribute the shift in the economic trend to the outsourcing of higher-skilled jobs such as research, corporate finance and engineering to low-cost countries such as China and India."

Sample of Sources Used:

• Colvin, G. (2006). The Poor Get Richer. Fortune, Vol. 153 (5), p. 26-26. Retrieved April 28, 2006 from the Business Source Complete database.
• Cooper, D. R., Schindler, P. (2003). Business Research Methods. 8e ed.: The McGraw-Hill Companies. Chapter 1, 3, p.1-43.

More papers on Income Inequality in the United States:

• Research Paper # 12335 : "Rich & Poor: Income Inequality in the United States"
• Persuasive Essay # 94614 : "Income Distribution in the United States"
• Essay # 55141 : "Income Disparity in the United States"

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