Robert Reich starts off his article by stating the idea that income inequality is necessary for an economy to function at is fullest because people need incentive to work hard and make it to the top. Once he gets into the section about what we need to do to fix this growing problem of the wealth gap he states that there is not any one thing that we can do to fix it rather there need to be multiple things to happen to fix it. The first way Reich says we can fix the economy for a smaller wealth gap is to raise the minimum wage to about 15 dollars an hours in industries that are growing very fast like fast-food and hospitals. These industries are making large amounts of money but they are paying their workers very little. His next step is to get
The root of the inequality issue lies in the government policies, as they hold the power to determine where the money lies on the spectrum of the rich, middle class and the poor. Normally, when an economy is suffering, employment as well as wages adjust accordingly and sales as well as profits suffer as well. However, because of this inequality employment rates and wages actually suffer while the sales profit. Political forces, as much as economic ones are what leads to inequality. As the government controls the distribution of sources as well the distribution of income that comes from a market.
Title Economic inequality was created. Lots of factors lead to the long-standing social inequality, such as gender, ethnicity, age, level of education and so on. How would people split up income between the top ten percent and the rest if it were up to them? It depends on which group they belong to. They strive for more benefit for themselves.
Two groups that experienced inequalities in social standing in the post-Civil War era were Native Americans and women. Western settlers, for many, many years, showed complete ignorance and lack of appreciation for Native American culture, to say the least. Not only did the settlers automatically assume all the land they discovered was theirs to claim and/or sell, they also committed innumerable crimes against the indigenous peoples. Considering them as “primitives”, without bothering to try learning their language or understanding their culture, the settlers forced the Natives into reservations and took over their homes. Past years of peace and prosperity were brutally ended by these foreign immigrants.
The wealthy continue to grow as they get more of everything and the lower class continue to get less. The average wealth has increased over the last 50 years, but it has not grown equally for all. “ Families near the bottom of the wealth distribution (those at the 10th percentile) went from having no wealth on average to being
Many solutions, such as social investment, early childhood education, job training for young adults are avenues for addressing the shrinking middle class. Many of these ideas have been around since the 1990s, and most know that they will work, however, no one wants to pay the cost of such social investments. Thus, this is a fine example of how one topic, income inequality, can be addressed from two different angles, that of economist and that of sociologists, and what contributes to the inequality can be supported based on what is actually measured. In this specific comparison, due to the differences in disciplines addressing the same issue, the variables measured are completely different and as a result, yield very different results.
The comparison between the 1980s poverty rate and the 2000s poverty rate, study shows roughly 40 percent greater of residents were in poverty by the 2000s. Numbers skyrocketed as near 5 million residents were in high poverty in the 2000s. Urban locals found that living sustainable became a problem due to the lack of income, higher crime rates, issues with health problems, fewer job opportunities, and failing schools. Some of these challenges fall into groups of people with different ethnicity and of different ages. African Americans, Hispanics, and American Indians are likely to live in poverty than other races.
A common explanation for the rise in income inequality refers to the contribution of institutional and organizational factors (Fortin & Lemieux, 1997; Morris & Western, 1999; Neckerman & Torche, 2007). For example, Fortin and Lemieux (1997) examined the linkage between institutional changes and the rise in inequality in the United States during the 1980s, with reference to three institutional changes – de-unionization, minimum wage, and deregulation. Their first finding was that de-unionization had a significant effect on the rise in inequality for men but not for women. The second tenet was that the change in minimum wage affected the rise in income inequality, but mostly for women. This change in minimum wage during the 1980s contributed
Upon reading Bell’s article I found that I agree with most of the author’s assertions. In my own experience as a child I too would categorize my family as being poor. Although my father was employed, his job was categorized as janitorial and as such paid minimum wage. As a child of the late and sixties and seventies I did realize that my family did not have some of the luxuries that other children enjoyed but I nor anyone in my family was ever treated as lazy, untrustworthy or lacking integrity.
By 1940, a child raised in an average American household had a 92% of making more money than their parents. As time progressed the averages began to decline. In the 1950s, the average still maintained to be elevated but receded to 79%. Rates dropped to 50% in the 1980s and the numbers presently continue to deteriorate (Leonhardt).
Income Inequality Income Inequality or “wage gap” is a big topic for freedom fighters and liberals for the simple fact that it isn’t equal for everyone. Because the wage gap is so prominent it's one of the biggest “facts” that discrimination is still apart of everyday American society. The wage gap from these radical interest groups think the economy is get a dollar take a dollar instead of a free flow economy. This misguided idea of the economy is absolutely not true and isn’t at the fault of the Government, but the people.
Therefore, America’s inequality will continue to grow. The main reason for this report is to outline
1. Introduction Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap.
The interactions between growth and inequality in Angola vary greatly from what we would expect to see in other countries. The main reasons are due to the large oil industry as well as corruption in the country. The resource curse in Angola explains these abnormal interactions. An ideal position for a country to be in is high growth and low inequality.
Arab societies are experiencing major changes as new patterns of marriage and family formation emerge across the region. The majority of the Arab communities believe that marriage is the essential of interest because they are a lawful and acceptable way for man and woman to live together, have relations and kids in a legal and religious way which is accepted by their society. Gender differences in the Arab societies tend to remain strong, and the social structure is mostly male dominant. In many Arab societies, women's social position is strongly dependent on being married and raising their children. The role of women in the society has always been reduced with the help of numerous factors and historically as a value of the idea that men are physically stronger and therefore can perform more work.
