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The effects of raising minimum wage in the united states
The effects of raising minimum wage in the united states
Robert reich inequality for all essay
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Ruth Gomberg-Munoz's Labor and Legaility: An Ethnography of a Mexican Immigrant Network, describes the lives of undocumented immigrants from Mexico who work as busboys In a Chicago restaurant. Gomberg-Munoz gives insight into the new lives of the boys, through her compilation of their experiences both before crossing the border and after moving away from home into an unknown world. As an ethnography, the book gives information and details of the workers without arguing or taking a stance on immigration itself; it is instead presented in a manner that attempts to give readers a full understanding of the undocumented life through the revelation of the ones living it. She provides readers with a perspective on the daily struggles faced when living
According to Robert Reich, inequality is a major problem in the United States because of both economic and political issues. Taking a look at the economic standpoint, one can see the major discrepancies between the top 1% and the other 99%, showing that the United States has the most inequality for a developed nation. But why is this? A point Reich introduced is the vicious cycle; wages stagnate, workers buy less, companies downsize, tax revenues decrease, government cuts programs, workers are less educated, unemployment rises, and then the cycle begins again. The stagnation of wages, when productivity goes up but wages remain the same, causes workers to buy less which is a problem because 70% of the US economy is made up by consumer spending.
In theory, raising the minimum wage would lessen America’s dependence on such benefits. If workers are making more money, Hanauer says that workers are spending more, and increasing the demand for more workers as opposed to cutting jobs. Hanauer closes his essay by telling the reader to see the economy as Henry Ford did; an effective economy is one that works for all not just part of the country. ANALYSIS: After reading Nicolas Hanauer’s essay on raising the minimum wage to $15 an hour, I take an affirmative stance on this issue. The main reason for siding with Hanauer is that he is thinking about how many people can get an upper hand with a wage increase.
In Robert Reich’s documentary “Inequality for All” he demonstrated a great balance of emotional and logical appeal, which resulted in getting his point across to the audience. Reich argued that America is a consumer-driven economy and for it to achieve the middleclass should have more purchasing power to keep the economy as strong as it once was. From the beginning of the documentary I began to trust him by examining that he has an honest and comedic personality. The part of the documentary that interest me the most was the comment that CEOs worry more how fat their pockets are rather than worry if they have enough employees and if those employees are paid correctly. Overall, I view Reich as someone who does not point fingers towards the
The American Dream is a set of ideas which includes each person’s opportunity to follow their dream of achieving a future and own happiness. The meaning of success in one or other way is to be rich. Everyone wants to improve their future, America is where everyone can equally get opportunities to improve ones’ future. America gives people an opportunity to dream of bettering their lives. Many people move to America dreaming of a better future, because no matter the race, everyone is given equal opportunities.
The solution to this problem is to slightly raise the minimum wage so the lower class will be able to gain wealth. In America the difference of wealth between the top tenth of the one-percent and the other 99% is astounding. People in the lower classes can work for wealth their entire life and barely make a
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.
Robert Reich’s ‘Saving Capitalism’ Robert Reich’s concern with capitalism is that we may be coming too top heavy that capitalism cannot be sustained. This meaning these large corporations and wealthy individuals are controlling the market too much. It is only a matter of time before it all collapses. Robert Reich points out the reason why capitalism is declining in this country is because, the upper class is controlling the market, the middle class is shrinking, and wages have been stagnated for a couple decades.
Robert Reich a professor at Berkeley University and former secretary of labor under Bill Clinton, makes a fluent and impassioned argument in his documentary “Inequality for All” that America’s widening income inequality between the top one percent and the middle class, not only threatens the middle class, but also the very foundation of democracy itself.
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).
America prides itself on being one of the most effective democratically governed counties. The idea of the American dream is that all people have equivalent political freedoms and a responsive government. However the effectiveness of social equality is being threatened by increasing inequality in the United States. Economic inequality in the US has expanded drastically. The wealth gap has had drastic changes over the past 35 years.
The article says, “While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall.” (Stiglitz 2011) While the rich are getting higher incomes prices the poor are getting higher income by taking it from the one in the middle which therefore, makes them get a lower income percentage. America has fallen behind because of not being an equal country to the population by the income equality there is a huge gap between the income being earned by the poor and the rich. The rich are wealthy and the poor depend on the government for everything. As stated in the article, “America lags behind any country in the old, ossified Europe that President George W. Bush used to deride.
In the article, Reviving the American Dream, Warren and Blasio state, “In a growing body of research – including work done by Nobel Prize-winning economist Joseph Stiglitz and the Roosevelt Institutes – shows clearly that an increasing disparity between rich and poor, cronyism and an economic system that works only for those at the top are bad for the middle class and bad for the economy” (1). The ways to level the playing field are, giving equal pay to workers so that everyone gets the pay they deserve, and strengthening social security so no matter what
Does income inequality harm economic growth? We live in a world where social class impacts both our economy and social life. Some people believe having unequal incomes lead to inequality, thus hurting the economy growth. While others claim that having different incomes pushes the ones making a low one to be better off, eventually making a high revenue, and wakens the rich to maintain their status and income.
The influence of inequality on the economic growth has been debatable topic over the years. Different economists argue about linkage between the low economic growth and inequality level, while others claim that the latter directly prompts the economic improvement. Chris Tilly, who is working as a professor of Urban Planning department at the University of California, has written book overview for undergraduate students in 2004. The main goal of the author is to show the benefit of income equality on the economic growth with the help of refuting counterarguments and analyzing different cases. Also, he briefly presents the essential economic theories of how inequality constrains the efficiency and asserts that the economic growth can boost in
