New York City rich and poor

January 2021 Even before COVID-19, New York was already defined by a gap between the rich and poor. Yet during the pandemic, wealth has become a determinant of survival. The pandemic hit New York in the spring, with almost 800 people dying from COVID-19 each day in April.

The city has been uneasy since then. People’s lives have been shaken by months of stay-at-home orders, changing public health measures, “Black Lives Matter” protests, the presidential election, and above all the economic consequences of the pandemic, including ever-widening inequality between New Yorkers.

Poorest states in America

Poverty in America. It’s a concept that shouldn’t be a thing here. I mean we are the richest nation in the world, right? Well, look around today and you’ll see a lot of us are struggling. For many it’s their own fault – lots of us are broke because of decisions we made.

But plenty of Americans live in poverty because of things outside of their control. Perhaps it was a loss of jobs. Or in many cases, it’s the cost of living. Yes, poverty is a complicated issue here in the US. And no matter who is in office, it’s a problem without an end in sight.

2022 Engineering Salary Statistics

What is an engineering degree worth? Year after year, engineering jobs are paid the highest average starting salary. According to the U.S. Bureau of Labor Statistics (BLS) engineers have a median annual wage of $100,640and the engineering field projects to have employment growth of 6 percent from 2020 to 2030—nearly 146,000 new jobs over the next decade.

Bet your bottom dollar

Is salary important to workers? Bet your bottom dollar it is.

“Employees will go where the money is. And where they’re treated respectfully and valued. But, mostly, it’s the money.”

When we asked those respondents to choose from a list of top reasons why they’re open to new opportunities, nearly two-thirds (63.4%) selected “I need to make more money”.

That’s more than double the next-most popular reason, which is “I need a fresh challenge” (24.6%).

Work flexibility (20.8%), meaningfulness in work (19.3%) and career advancement (also 19.3%) are other leading factors prompting the drive to explore new job opportunities. Still, those numbers pale in comparison to compensation.

Why the inequality gap is growing

For forty years, the U.S.-led global economy has produced an enormous improvement in human welfare. The percentage of the world’s population living on less than $1.90 per day fallings from 42% to 10%.

At the same time, income inequality has surged in countries with advanced economics. Nowhere has it surged more than the United States, where reliance on free-market forces magnifies rewards for those at the top while leaving others behind.

USA – Rich vs Poor

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.

YouTube comments:

“Campaign finance reform is the solution. Until we elect people who arnt brought and paid for nothing will change.”

Compensation

Although compensation is important to Germans, it is only one of several factors which motivate them. Nor is it the most important. Germans simply want to be compensated fairly for their work.

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