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October 30, 2008, 03:35 AM ET
Two Views of the Current Crisis
cross-posted from howtheuniversityworks.com
Episode #3 of John Lenin’s series Allday University Starring Adjunct Alice.
Follow the link to view the cartoons in more convenient strip versions.
The top 10 percent of American households represent over 70 percent of U.S. net worth (and 80 percent of stock ownership). The bottom 90 percent splits the rest.
By the way: ever ask yourself how the degree-inappropriate salaries of higher education shape the racial composition of the professoriate? The chart below contains all the information you need to figure it out for yourself. Which group is best positioned to subsidize not just graduate school but a lifetime of low wages?
Median net worth by race, 2004 White: $140,700 African-American: $20,600 Hispanic: $18,600 source: extremeinequality.org
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