Analysis Of The Film Inequality For All

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In the film, Inequality for All, we see how today’s economy is experiencing a difference in wage between the social classes. There is an enormous opening of income and wealth inequality in the U.S. as the wealthy people get more money and the poor people struggle for basic living standards. For example, in the year 2010, the usual 1% of people earn up to about 33 times more than the typical male employee. The film also explains how even in today’s economy, “the top 400 richest people have more wealth than the bottom 150 million Americans put together” (Inequality for All). The significant wealth of the U.S. is stable with the minority of people, contrasting with the period of the 1950s through 1980s. However in today’s economy, 70% of the U.S…show more content…
This allowed the middle class to pay for family income with flat wages since the men’s wages were not increasing. As we move towards the 90s, wages were still not improving and both men and woman worked even longer hours while possibly adding second or third jobs into their work life. Moving onwards from the late 90s, the middle class would make loans and use their houses as money. This is a problem into in today’s society because the wages of the middle class are not enough to pay off household…show more content…
Inequality can still happen in this state when there are situations where the law of one price is not held. When prices are not equal for everyone, people drive towards the low-wage companies in order to buy their needed goods, and preserve their wealth. Companies try to prevent the high cost of production in order to become successful, which is why many of them turn to other countries to produce their goods, affecting the inequality for all. Policy that I believe deals with the situation of inequality would be to improve taxes, the price of goods, and job opportunities. This may later on lead in a direction to that will make taxes fair for all people, consumer spending to be reasonable, and the majority of people having jobs, which result in equality for all. An equal distribution of income would not be wanted because a complete equality of income would not be wanted because a complete equality in revenue would not tolerate the economic growth. Inequality will always be present, but the space between the rich and poor would not rise. I would be willing to pay more for goods and services so I can raise more income for the middle

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