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During the 1950's, a large middle class developed in the United States. But since the 1980's there has been a significant increase in economic inequality in the country and there is wide disparity between levels of income for various occupations. The mininum wage in real dollars is at a very low level and is less than the poverty level.
The level of economic inequality in the United States now compares unfavorably with virtually every other industrialized country.
The trend toward income inequality has coincided with a significant reduction in labor union membership and influence.
The trend toward income inequality has coincided with an overall major growth in the U.S. economy.
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