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Essay On Income Inequality

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Within society in the US, there is a separation between people based on income and how much money they hold. However, taking into consideration that since the moment a person is given life that they are set into the same class as their family, it shows that a key component to this prejudice is based around an uncontrollable factor. Still, as these people grow and begin to take control over their own lives, they should be able to surpass their previous limitations and gain equal opportunities with those who grew up in a wealthier community, right? While in a rare occurrence this may be true, a typical answer is that depending on the environment and education a person began with often affects the opportunities that have as they start off on their …show more content…

But when they are unable to afford college because of their financial situation and have to get a career with just their high school diploma, an uneven distribution of money is given out. It is reasonable that people who go to college are granted a higher salary because they put more time into their studies. However, according to Crash Course Economics, over the years, the general income for college graduates has been increasing, while the general income for high school graduates is decreasing. This puts people of automatic lower income with another disadvantage. The video also brings up the fact that “The debate over income equality isn’t about whether it exists. It obviously does. The fight is over whether it’s a problem and what should be done about it.” Some could argue that there are many financial aid programs that allow students to get scholarships to help pay for their college education. And while this is true, it still does not beat out the stigma that people with ‘lower class jobs’ or that live in povertized areas are less than those who were lucky enough to come from a financially stable family. Also, even with financial aid, tuition costs are rising exceedingly fast, and has even grown 260% in cost over the past 30

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Throughout his article, he speaks about education. “The Upside of Income Inequality” makes two basic points to support the conclusion noted in the title of the article. First, the correlations between educationa and income; that the value of a college education has risen as income inequality has risen. And second, that therefore the rate of Americans who attend college has increased. The article provides multiple graphs that correlate different principles with education and income.

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What makes people unequal to others in their mind? Many think others are unequal because they are simply different from them. The possibilities on being different from another person are almost infinite, but most often, and not limited to, are race, religion, gender, sexuality, or just being an outcast. Looking at just the United States, it is a huge melting pot based on immigration throughout history. Being an immense melting pot is a blessing and a curse; while it creates cultural diversity, it also creates discrimination, which America is notoriously known for.

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“Poverty must not be a bar to learning and learning must be an escape from poverty” this was said by Lyndon B Johnson in 1964 and the problem he was addressing back then, has grown and become far larger and more destructive. The average Canadian student acquires 27,000$ of debt trying to earn what in our society today is necessary, to live a safe, happy and fulfilling life. Without higher education you are not likely to be able to do what you want with your life. Within the last two decades university prices have doubled and along with it so have interest rates. This enforces and maintains the trend of the rich staying rich and the poor staying poor; because of the high price less wealthy people are unlikely to be able to afford university and get a good job.

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College graduates are more likely to rise from the income ladder than those who haven’t finished or chosen to go to college. But, “economic mobility in the United States is now below that of most developed countries, suggesting the American Dream is becoming a myth” (Matthews 2017). Jobs that are demanding skills needed are slowly disappearing, which cuts down the opportunities given to those without an education after high school. However, Mobility Report Cards: The Role of Colleges in Intergenerational Mobility proves otherwise. Students who are less fortunate financially and are accepted into elite schools benefit the same as rich students.

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There are people who work 40 hours a week and are still in poverty; this is a highly prominent issue. The uneven distribution of wealth, known as wealth inequality, is a problem that plagues not only America but also the world. With wealth inequality, there are two main issues and one solution to those issues. The problems are that the wealth in America is unevenly distributed and there people in America who work 40 hours a week and still have very little money. Wealth inequality is the root of all problems faced in America.

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One of the founding ideals of America was that anyone could become someone in the new nation. Someone born poor could work their way to the type and become wealthy and have an effect on the country. People all over the world immigrated to chase this so called American Dream hoping for a better life. Today that dream is dead. At the end of World War II, prosperity in America was evenly divided up and down the entire income ladder.

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Studying at university is an expensive investment. Tuition fees have a disincentive effect on the students who from the lower and middle-income families. As Bruenig states the statistice of the college students from the poor and rich families “ At age nineteen, only around 20 percent of children from the poorest 2 percent of families in the country attend college. For the richest 2 percent of families, the same number is around 90 percent. ” Also, most of those students want to achieve better lives so they attend the higher education.

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3.1 How income inequality affect on people live in America. The income gap in America affects people, who live in this country. The issue has a strong impact in America’s society; in particular, the nutritional disparity between rich and poor people. In USA, the food gap becomes the top signal for the class distinction, but it used to be clothing or fashion. The food inequality in America is not only influencing the poverty, it is also cost hundreds of billions of dollar per year because of Non Communicable Diseases (NDCs) (Ferdman, 2014).

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There is many people that go to college, but because of the cost they don't get through college. The elevated costs of college cause not only students to struggle paying for college, but also to struggle financially paying for college when they are done. In many cases, after graduating, young adults who don’t find a job will become poorer, increasing the gap between the rich and the

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In the discussion of social inequality, one cannot leave out the sociological theories and models proposed by Karl Marx and Adam Smith. Generally, social inequality refers to the presence of unequal treatment, opportunities and rewards tied to people of various social standings within the hierarchy of a community group or society. Some common types of social inequality include wealth and income disparity as well as social class stratification. For Marx and Smith, both had explored the various types of social inequality in society.

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Introduction All over the world, there is an obvious contrast between the living standards and lifestyle of the rich and the poor. Moreover, there is a large gap between the populations of poor and wealthy. This is known as the Wealth Gap, and it is caused by Wealth Inequality. Wealth Income/Inequality is defined as “The unequal distribution of assets within a population.” Wealth is defined as more than just the amount of income a person has, but instead the value of a person’s assets.

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