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. One of the arguments used is that we could regulate and tax the 1% income because that would be “fair” but these numbers show how harmful that way of thinking is.
While the American university is both an accessible public good, it is also an exclusive private good (98). As Labaree shows throughout the book, there is tension between accessibility and advantage. Not only do students have contradicting opinions on the role of the university, those governing the system do as well. Governmental policy, such as in the Cold War, drove massive enrollment jumps in the public university (113). Today, however, market components could be attributed as the leading influencer of university priorities, as the success of the university is measured in job attainment.
Credentialism refers to increasing the minimum educational requirements for employment at a particular job, profession, or field. This means that, before, you could be employed for a particular job with an Associates degree that now requires at minimum a Bachelors degree. Credentialism relates to inequality as increased costs for investing in a higher education may be out of reach for those who cannot afford it. This can maintain the status quo, allowing the upper class to maintain their privileges and keeps those in lower classes from achieving vertical mobility. The concept of White privileges is one thing I learned in this class that makes me think different than before.
Loans allow receiving a college education seem like a smoother process considering that such a hefty amount to pay is divided so that it can be paid for in moderation. Despite the fact that it’s split into many payments, it’s still a large quantity all in all so unless indebted students aim for high income jobs, there would many years of difficulty to come after college. For this reason, undergraduates make it their goal to go after jobs which would prevent them from being constantly pressured to pay off debt. Thus, student debt is both a crisis and a reason to encourage persistence towards greater ambitions (Hillman, 41). It is a tremendous thing when a student seeks to be financially comfortable or even rich in the future but not when it is for the wrong reasons.
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. Ultimately,
The American public school system is arguably weak when compared to other countries, but it still functions to educate the public. The issue of inequality arises when it comes to higher education and who has access to it. Due to higher education costing anywhere from tens to hundreds of thousands of dollars in the United States, it is easy to see why there is an unequal level of access to higher education. Some might argue that higher education is not necessary and that the poor can find a living without it. This is not only restricting the poor to the lower class, but is simply not true.
Through the use of statistics and contrasting features, Keith Ellison argues that college tuition should be free and accessible to all. Logically, Ellison utilizes statistics to convince the audience by eliminating the student loan debt would significantly help many low-income graduates. Along with statistics, Ellison presents contrasting features to persuade the audience that building a truly affordable higher education system is an investment that would pay off economically. In contrast to education, the nation spends billions of dollars on the gas and oil industry. Ellison argues the money should be going towards education, so we can afford to pay for higher public education.
Money is the basis of living , even people with lower income degrees could support themselves before the cost of tuition went up drastically. However, when you add student loans in the mix , debt over takes the standard of living. Ellison has heavy focus on this because he wants to highlight a big reason why free tuition can be beneficial for people in the long run. He believes if free tuition was put in place , every college graduate, lower income or higher income, will be able to live within their
With this in consideration the student debt level that is accumulating in the United States is unmatched by foreign contemporaries however with the free tuition comes a higher tax rate which allows for the money to be put into education at the state and federal level. In Germany a tax wedge of 49.3% is required to allow for a “debt free” higher education where as in the United States the tax wage is a mere 31.5% in relation. This higher tax that is taken from the population of Germany while for some people might make sense however, for the large amount of Americans who make more than the average American this would be unrealistic. In America where there is a large separation between the working class and upper class in population size as the percentage of households who make over $100,000 is less than ten percent of the population of the U.S. Furthermore, as the federal poverty line is considered to be roughly $23,050 for a family of four the population that falls below that level take up nearly twenty percent meaning that these families without aid will not have the ability to attend college.
This seems like much but considering the amount an individual pays for one year of community college it is inevitably saving money in the pocket of that individual. Now some Americans believe that they will pay more in taxes than they will for actually paying the tuition of that school. This could be the case for higher-income families due to the fact that the more money one makes the more taxes the IRS retrieves from one 's paycheck. However, It is the responsibility of those families to help their fellow Americans. Every families economic background is the product of laws and decisions made by the government and the American public.