Economic Growth Between 1980 And 2005

c growth. Although there was a substantial increase in economic growth between the years of 1980 and 2005 that benefited virtually all citizens, the ones at the top benefited much more. Recessions throughout the last thirty years have harmed everyone, but those at the top have the ability to rebound after a negative shock to the economy. Yet those at the bottom of the income ladder see themselves applying for unemployment compensation because their job has been cut due to recessionary effects. Not only is income inequality harmful to the individual, but governments see tremendous burdens from those at the bottom. Safety net options come into the equation when low income earners have dismal job security or low wages. In order to fix this trend,