I have selected this problem because many previous governments have ignored this problem and due to this ignorance this problem is getting worse day by day. I also have selected this issue base on a fact that 15.79% is the poverty rate of America which is the highest among all the developed countries. It means that poverty rate is highest in United States than all other developed countries. This problem has both social and economical concerns. This problem is also creating some other problems in American such as increase crime rate is also because of poverty.
People may ask what do these facts mean? They mean that the wealth gaps in America are getting further apart. The rich are getting richer and the poor are getting poorer. The wealth gaps in the social classes in the United States are getting worse because the haves and have nots are widening, the American dream is getting harder to do, the rich are taking more of the pie and, income inequality is on a record high. In the United States, people are categorized into three main social classes.
When seen in perspective of only Natives “Immigration reduces the wages of natives in competition with immigrants by an estimate of $402 billion a year, while increasing profits or the incomes of users of immigrants by an estimate $437 billion” (Camarota). Since immigrants come to this country with no previous knowledge or education because their sole purpose to come is to find more opportunities in the United States resulting in them not having a decent economic income. In the United States, immigrants or nonimmigrants, who are uneducated pay less taxes and since their economic status is of low income they receive government aid. The government helps them to be able to have a stable living to survive by giving them food, clothing, schooling, etc. But comparing illegal and legal immigrants, those who are legalized receive more welfare for the fact that they are more eligible to more programs.
The bottom 80% of Americans own only 7% of the country’s wealth today, while the top 1% has 40% of its wealth. The United States might have been more equitable in the past, particularly in the decades following World War II, but in today’s economy, the rich are becoming richer while everyone else suffers. The rich can afford to send
But recent immigrants accounted for a higher share of the population (4.6 percent) in counties with the lowest unemployment rates”. Furthermore, this counters the argument that Immigration lowers American job opportunities. Those who are coming into America are raised in different job markets, so the jobs they are going for aren’t even jobs that Americans are working in. If Immigration creates jobs, lowers unemployment, and apply for jobs natives aren’t currently working, then what is such the Controversy about the subject? All claims critics are saying are automatically disproved by simple statistics.
It’s the simple societies, that will have very few social roles and statuses occupied by the members, social inequality may be very low. Socioeconomic will be increasing because we have such a high rate of poverty in America. Socio-economic inequalities have been rising so much in the European Union and in most of our countries including America are way higher today than in 1980. Which is leading to increasing. These trends are way similar to the ones found in the United States of America and other industrialized economies and reflect whole lot of the combined effects of changes taking place in our labor market, which is linked to globalization and technological change, in social variables, such as household and so much
Even with much more prosperity than before Obama went to speak out about how racial discrimination is still a problem we are unable to face in our society today. Women’s rights are still discriminated against and minorities are still faced with struggles that hinder them from fully participating in the economy. Obama went into reasoning how the past was filled with inequality that is affecting many people as the top ten percent rich takes more than a third of the country's riches and housing while the poor are not advancing at all. And comparing now to today how the gap between
It is proven that gender does contribute to a difference in wages in society and there for another cause of wealth inequality. The U.N. has found that gender discrimination is still a significant factor in holding many women and children around the world in poverty. In many countries, there is a gender income gap in the labor market. For example, in America, statistics show that “The median full-time salary for women is 78 percent of that of men”; despite the fact women make up half the workforce. One of the reasons women earn less income/money in their lifetime is usually because they are single mums and/or have more people/family to support on their
To scale this number, the wage earned by dropouts is $10386 less than the ordinary high school graduate and $36,424 less than an individual holding a bachelor’s degree. Data from the bureau in 2016 shows that immigrants lacking a high school diploma have lead to a sizable increase in the low skilled workforce by approximately 25 percent. Consistent with the relationship between workers and wages, earnings of this group have decreased by $800 to $1,500 every year. Regardless of the industry or degree, the redistribution of wealth occurs between native born workers competing with immigrants to those using immigrants in their business for low wages. On a year to year basis, the effect of immigration on the economy is negative.
Big businesses boomed during this era, however, in business owners efforts to produce more money the working class suffered from unfair wages and working conditions. In Nash’s findings, he reported, “In 1890, the top 1 percent of American families possessed over a quarter of the wealth, and the top 10 percent of American families possessed over a quarter of the wealth, … But wages for the unskilled increased by only 31 percent- a substantial differential that widened as the century drew to a close” (407). Through the economic disparities between classes, it caused unworkable working conditions and unsanitary living conditions. Unskilled workers were often responsible for hard labor jobs, many men worked in coal mines, factories, farms and more. Despite these harsh working conditions workers received minimal wages, resorting themselves and their families to live in tenement houses, crowded, unclean, and disease-ridden housing units.
In the article, “Do Remote Bosses Cause Inequality?” (Sept. 19, 2015), Froma Harrop claims that “Bosses and their investors are grabbing most of the profits.” The piece details what Harrop says to be a reason for the widening pay gap that’s not exactly economic. The unemployment has fell to a low percentage of 5.1 and productivity gains are present which are supposed to lead to higher wages; lowest wages are essentially falling, although workers are producing and making the needful in the same amount of time. Harrop argues one of the many reasons for the lack of a raise in paychecks: the apparent remoteness of the boss and the employee. Harrop mainly supports her argument through the use of anecdotes and statistics of past and present events
A new land where anyone would have the opportunity to become successful; that was the American dream. But it didn’t turn out that way, yes few people did but most of us didn’t. We live in a country where super rich people are leaving the rest of us behind. This is called income inequality; it has been uneven since 1970 and the gap between rich and poor has increased, making it unfair for people who didn’t have the same opportunity, and morally, economically and politically wrong. Income inequality is economically wrong when you compare the richest man of the country, Bill Gates, who gains over $50 billion, to a homeless person, who doesn’t make anything.
During the mid-1970 's the Red Scare began to slowly move past us and home life settled; there was a new problem dawning, economic inequality. During the 70 's the income gap widened as lower/middle-class American 's income growth slowed down, while the high-class continued to see marginal gain. According to the Congressional Budget Office, the top 1% of earners have experienced a 200% annual income increase from 1980—2010. During his January 28 'th 2014 State of the Union address, President Obama claimed "America does not stand still - and neither will I, so wherever and whenever I can take steps without legislation to expand opportunity for more American families, that 's what I 'm going to do." Despite the promises, hope, and trust that is created when a President addresses the people, it’s always brought to an end by the realization of perpetuating
In the reading "The Rich Are Different from You and Me," Chrystia Freeland explains the increase of income inequality in wealthy people vs. People under the wealthy in of our society, which wealthy people are about 10 percent of the population and the people under the wealthy is about 90 percent of the population (Pg.52). In the reading it talks about how the wealthy people are overweening ahead of everyone else in our society. The reading shows statistics of growth presented between the wealthiest and the general society and how the wealthiest people in our society are separating their selves from more and more from the general society and are getting ahead of everyone else. Freeland believed that wealthiest people of today started out in
For this week 's current events I an article read on the Huffington post that talks about the vast wealth gap between Black and White America. According to the post the gap got a bit smaller in the years leading upto the Great Recession but in the past 30 years has exploded as the black and Latino communities have been hit by foreclosures and job cuts.There 's a lot of reasons why there are enormous wealth gaps between minorities and whites in America. The most simple answer is, it takes money to make money. Part of the reason that there 's this enormous gap is because whites have long had higher wages and wealth to pass on from generation to generation. And it 's like a snowball - it gets bigger and bigger as it gets passed on, and the