Photo by Michel Thomas.
Big data allows researchers to analyze income inequality gap
In the first quarter of 2024, 10% of workers in the United States owned 67% of its total wealth. In contrast, the lowest 50% of workers owned 2.5% of the wealth. Income inequality contributes significantly to the rapidly growing wealth inequality in the U.S. and, by some measures, is the largest since before the Great Depression.
Now, University of Florida researchers, led by Assistant Professor of Sociology and Criminal Law Edo Navot, Ph.D., will conduct a first of its kind study to search for the root causes behind income inequality, supported by a grant from the National Science Foundation.
