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.
The United States of America, is known to be one of the richest and most powerful countries in the world. It has often been referred to by many as a global melting pot or as locals may say callaloo, due to the amassing of diverse ethnicities, cultures and nationalities. Within its borders, resides immigrants or descendants of immigrants from almost every region in the world, and each has in some way added to the American culture and way of life. America is known for its stance on freedom, it is a nation that values equality and justice, this can be noted in the last few words of their national anthem ‘indivisible, with liberty and justice for all.’ However, for many, high levels of economic and social inequalities are daily struggles, a battle that has been fought for decades to claim the most basic rights, in the pursuit of achieving the American Dream.
The “American Dream” has been set in stone by the founding fathers since birth of the United States. This concept has always been discussed in every history lecture that we have sat through from elementary school to college. But, why discuss about the American dream in every history class since its debut? The purpose of the lectures is to discuss about how the “American Dream” affects the American people. In result, The “American Dream” has sparked a lot of controversies and debates for decades about the topic of if the “American Dream” is an unrealistic goal or if it is possible that anyone can achieve it.
One interesting thing the author notes is the wealth inequality in the United States. Even though “1% of the population own nearly half the wealth in the country the American dream persists” (Golash-Boza, pg. 269). People still believe that if you work hard you will succeed. At first glance, it’s clear that white people have a higher percentage of home ownership than any other race. However in saying that, I would like to know what the population totals were by race for each state as well.
“The bottom 40% of Americans own almost nothing.” Said the video, Wealth Inequality In America. The lower class are scraping by and are not able to invest in stocks or other consuming items whether it deal with money or time. The video, Wealth Inequality in America also said, “The top 20% of Americans own almost everything.” The wealthy community should contribute more to the lower class, allowing more equality of wealth.
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. What’s more, specifically, the rich have gotten a lot richer. Almost everybody who talk about it says that economic inequality must be reduced.
After over two centuries of battling to understand its declared standards of general fairness, the United States still faces proceeding racial, gender orientation, and class difference. Inequality remains a source of extraordinary suffering and hostility over its causes and profound conflict over what can also, ought to be done to change it. In a general public that announces flexibility, independence, and unlimited portability, the determination of wild disparity along lines of race and gender is by all accounts an inconsistency. The period from Reconstruction through the Progressive Era, approximately 1870–1930, was one of extensive established in implications of citizenship, work, race, gender, and class relations owing to the withdrawal
The Intro to Labor course taught by Professor Brucher has taught me a lot of things pertaining to the basics of labor in the United States. As a young adult, most of the information will help me in the future as a working professional or even now as a low-skilled college worker. The material from this course relates to me a person, as a Rutgers University student, and as a worker.
The United States was considered the land of opportunity for many generations, but the situation has now changed. America is no longer the country where all people can pursue their American Dream. The main reason why the lower class cannot achieve their goal of upward mobility is the fact that the top one percent of the population holds most of the wealth of the country. These wealthy Americans also have a better chance of increasing their wealth than the lower classes do. Wealth, or net worth, is not only made up of money; it also includes everything a person owns that is of value, such as their house and property. Currently, the top one percent of the United States population privately holds thirty-eight percent of the nation’s wealth, and
Income inequality is a global issue that need to be addressed and is a threat to the individuals or household with low income. In today’s world the rich are becoming rich while the poor are deteriorating and going below the poverty line. To me, imposing high income taxes would not bring an immediate solution only that, it accelerates the burden. Because the higher the tax rate, the higher the rate of poverty subjected to the low income individuals. Due to that, the government should provide quality education to the citizens so that they become self-reliant in the future and experience high living standards. Moreover, the government should create more job opportunities so that all citizens should have weekly paychecks thus boost household income.
Throughout the history of the United States, there were always problems that seemed to be unsolvable at that point, but America fought to overcome those dilemmas and as we can see today its independent, rules by the highest and the most powerful source of law- Constitution, there is no slavery, segregation, and women gained their rights. There is no country that is ideal, each country has its flaws and America is not exception, but is willing to act on it and modify itself. One of the biggest problems that citizens are faced with is income inequality that highly increased over years. It is putting the same energy and time but receiving different amount of money for the same type of job, this unfairness teaches peoples how to survive by using
Income inequality has been said to be the main cause of the declining middle class. Many concerns exist regarding the change of pattern in the distribution of income; families that once were in the middle of the distribution have shifter upward and downwards. Economist Kuttner, Author of The Economic Illusion, argued that this shift in pattern began as well-paying jobs in the manufacturing industry and lack of unionization in growing sectors declined.
Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap. The United States exhibits a wide difference of wealth distribution between rich and poor people, which is larger than any other major developed country.