The words “middle class” and “poor” appear on the face of every job advert, and in many cases they’re the only ones to be used.
El Economista recently published an article that examined the “wealthy, mid-middle class and low-income earners” that appear in job ads, but there’s one group that is conspicuously absent: the average person.
The study found that while a “middle-class” household earns an average of $70,000 per year, “middle income earners” earn $40,000 less.
In contrast, the average income of “low-income households” is $60,000, while the average “high-income” household makes $75,000.
This is despite the fact that a “low income” household spends less than $5,000 a year on goods and services.
And the top 1% of income earners are spending about $50,000 more per year than the bottom 90% of earners, the study found.
So why aren’t the ads calling out this inequality?
El Economistist has written about the problem of “the rich”, a phrase that describes the rich people who don’t live by the same economic rules as everyone else.
As El Economistist noted, the phrase refers to a group of people whose incomes have risen to unprecedented heights.
It also refers to people who are able to afford to live comfortably in the world, so that they are “better off than everyone else.”
However, El Economistista notes that the phrase is a bit of a misnomer.
While a “high income” family could earn $100,000 in just a few years, a “poor household” would need to earn at least $100 million to have the same level of disposable income.
What’s more, the research shows that “the top 1%” of the population spends more than half of their income on “gifts” that are not included in the cost of living index.
Thus, the term “middle” income earners is misleading.
“Middle” is a term that does not describe all households.
The research also found that the top 0.01% of the US population earn $7.2 million per year on average.
Even the middle income earners can’t match this figure.
However the researchers also found a problem with the term, as it has been used to describe the bottom 60% of all income earners.
Wealthiest people live in cities.
There are also two other terms that people might use to describe “middle classes” or “poor”: “high class” (i.e. those with assets worth more than $100k) and “middle”, “middle or low-middle” (also used to refer to those who earn between $50k and $75k).
These terms are often used interchangeably to describe wealthy people, while poor people and middle class people are often described as being in the “middle”.
The researchers found that in most cases, the definition of “middleclass” or the “poor are not clearly defined”.
What we are seeing, the researchers wrote, is that the “high and middle” groups are not only living well, but “are also living well”.
This means that “middle and low income earners have not only a better standard of living, they are also living a better life”.
But what happens when we look at the data on income inequality?
El Economistista found that “low, middle and high” income groups tend to be those in cities and states with more income inequality.
But, in the US, the top income quintile of earners in all 50 states and the District of Columbia are in cities such as Washington DC, San Francisco, New York City, Chicago and Boston.
Additionally, the cities that have the highest “middle”-income incomes are those in states with the highest levels of inequality.
El Economististe found that when looking at income inequality in different states, the “highest income” group was located in New York and New Jersey, and the “low and middle income” groups were located in Florida, Illinois, Indiana, Kentucky, Michigan, North Carolina, Pennsylvania, Texas and Virginia.
If we look only at income for the “rich” groups, the data shows that the richest are in New Jersey and New York, while “low” income families are located in Virginia, Pennsylvania and New Hampshire.
The problem of wealth inequality is not just limited to “wealth” earners.
In general, “the bottom 60%” of US households earn less than the middle 60% source The Sport,Bible and the American Family Association,article El Economististe is the author of The Wealth of Nations, which has been published in the American Heritage Dictionary of Americanisms and the Oxford English Dictionary.