Kaitlyn Johnson English, 008 September 29, 2015 Inequality Inequality has been a major problem all over the world. Not just with race or gender, but now ones' income puts them aside from others. and they are catorgarized. Gary S. Becker, a Noble laurete in economics, and Kevin M. Murphy, a professor at the University of Chicago and a recipient of a 2005 MacCrthur "genius" fellowship, believe that a higher education equals higher income. Paul Krugmam, a teacher of economics at Princeton and the city University of New York, uses people who have had an impact on America.
Introduction The social issue is a problem within a society. It might influence the society or the society might disagree with it. In 2016, the New York Times published inequality as one of the social issues Americans were facing, According to Pew Research Center, more than 61 percent of Americans said the U.S. economic system favors the wealthy. Sharmila Mukherjee wrote this widening disparity between the rich and the poor, has led to shrinking of the middle class which might tear the democratic fabric of America. American 's concern with what is going on in their society is sociological imagination.
We focus on how people are doing financially based on their income, wages and average salary. What we really need to focus on is wealth inequality. According to the study, “wealth refers to the value of your assets, such as money held in checking or savings accounts….minus the value of your liabilities or debts” (Study, Democracy Now!). Wealth is very important, and with financial hardships in the United States it is even more important for people to have wealth. Systematic racism is related to the median wealth for people.
In the story “The Upside of Income Inequality”, Gary S. Becker and Kevin M. Murphy effectively express’s the importance and need for income inequality in our society. Furthermore, Holly Ellyatt’s newspaper article Income Inequality: Is It Good For Everyone? serves to also point out that economic success and greater productivity is linked to “income inequality”. Although it may seem extremely unfair for someone to make up to two hundred and fifty times as much money as someone else, this notion of “income inequality” actually benefits the society as a whole by encouraging others to work much harder in life and better themselves and their education. For example, the increase of income inequality in the 1980’s greatly increased the education for both women and men and other races such as African Americans.
He promised that the government would intervene in the economy to provide relief for the great depression, he proposed a ‘new deal’ that would give millions of Americans jobs and create a more stable US economy. “Roosevelt faced the greatest crisis in America since the Civil War.” (Franklin D. Roosevelt Biography). In the beginning of his presidency, he began to make good on his promises, he created many agencies and associations to help get the economy under control and to help lower the unemployment rate. As the economy was stabilizing and the unemployment rates and GDP were beginning to rise back up to normal levels, he fell under criticism for putting too much power in the government’s hands for controlling the economy. He was also accused of putting the nation into debt and not managing the national budget very well.
This information she adds is from two researchers who studied nation’s economy she uses these two to give her points more meaning to show the research of others to strengthen her claims and to show it isn’t just her opinion or her view alone. Therefore, the authors and researchers she uses help strengthen her claims in her
How does having money lead to material gain? In the Roaring Twenties, people from all social classes suddenly became aware of the class differences. This awareness is a result of the jump on the Stock Market and the World War1. There were clear distinctions among social classes according to location, amount of material possessions and the way one acted. Fitzgerald explains these differences by giving the characters in his novel the Great Gatsby different social classes and he also shows these social divisions in the way the characters behave.
Through examples such as the increase in college graduates, and fewer high school dropouts helped Americans move from the status quo of middle class to a higher income brackets, and overall better quality of life. This source is creditable. Rosenfeld, S. (2015, March 25). 14 ways Republicans have declared war on the middle class. Retrieved June 21, 2015, from Salon: http://www.salon.com/2015/03/25/14_ways_republicans_have_declared_war_on_the_middle_class_partner/ In “14 ways Republicans have declared war on the middle class; Poll after poll shows Americans strongly oppose almost every facet of the new GOP budget proposal” by Steven Rosenfeld, the author explains his perception of how the Republican Party has declared war on Middle Class America.
In Austria, where the voting age has been lowered to 16, two thirds of the 16-18 year old age group voted. This proves that if we were to reduce the voting age, it could encourage younger citizens to become even more politically aware and even inspire some to pursue a career in politics. Personally, I think it is an unfair assumption that all millennials are considered to be narcissistic when certain studies have shown that they are intensely passionate about global warming, the corrupt government of North Korea and other pressing issues affecting the whole world. Granted, you do not often see two teenagers arguing over whether this year’s budget aided global warming research or not, but these young Australian citizens have their own way of expressing their political views. They start petitions online, call out politicians on social media and even go out to protests, standing up for what they believe in.
For this section, I chose to talk about social exchange theory. The textbook says that social exchange theory “tries to answer the question of why some relationships develop and last and others don’t, and is based on an economic model of profits and losses” (DeVito, 2017, p. 232). The scene that I am using for this theory is from minute 35 to minute 39. During this scene, Bertie returns to work with Lionel after he stormed out during their first session. The social exchange theory operates on the model of profits = rewards – costs.