Issues With Income Inequality

Income difference among unequal societies is one of the major issues in today’s world and presently, this difference widens in fast rate. Indeed, money plays a key role in life of every individual, however it could negatively influence to aspects of human right. Inequalities in the distribution of wealth and income have increased gradually in United States over the last 40 years (Oishi et al. 2011, 1096). The general way of measuring income inequality is the Gini coefficient, which concludes the level of inequality in one number. According to Zagorski et al.

The standard of living in the United States fluctuates noticeably from neighborhood to neighborhood. In general, these disparities have steepened as economic and social inequality has increased over the past 30 years. Although several decades have passed since the eradication of accepted laws and blatant practices of discrimination on the basis of race and ethnicity, the promises of greater racial equality and integration are often hard to notice in todays American. The widespread discrepancies between inner cities and their neighboring suburbs are some of the most dramatic examples of unrealized promises of the “rights revolution.” An extensive comparison of two neighborhoods in the Hartford, Connecticut area helps to unveil the causes for, extent of, and possible solutions to the numerous inequalities that linger in and around many of America’s cities.

Inequality issue is one of popular debates at last decades. When we look at the statistical data about share of income per years, we can say that inequality has started to increase between 1980-1990. For example; in 1980 top %1 share of income was %8 in USA, %6 in Ireland, %4 in Sweden, %6 in Italy, but in 2008 these rates increased to %18 in USA, %10 in Ireland, %7 in Sweden, %10 in Italy. Jump in inequality is obvious according to our data. Always there are fluctuations in our graphs, but all fluctuations have own reasons such as world wars, depreciations and crises.

Internationally, the epidemiology of asthma shows that the disease varies greatly in different regions around the world. Such variation results from distinct genetic, environmental and occupational risk factors (Smith, 2017). However, the prevalence appears to be reaching a plateau in high-income countries, whereas prevalence continues to rise in low and middle-income countries (Smith, 2017). Worldwide, it is estimated that there are about 334 million people who have asthma, and there are about 250, 000 deaths attributed to such disease each year (Smith, 2017). The prevalence of asthma is continuing to grow, and as a matter of fact, it is estimated that by 2015, the overall prevalence of asthma shall increase by 100 million (Smith,

Over the years, immigrants have influenced many aspects of American society and has had a vital role in shaping the United States to what it is today. According to the US Census Bureau, an agency of the U.S. Federal Statistical System responsible for producing data about the American people and economy, “non-Hispanic white population in the U.S. declined from 85 percent in 1965 to 62.2 percent in 2014, and the forecast is for the percentage of non-Hispanic whites to fall to 43.6 percent in 2060” (qtd. in Walsh). Despite the rise of immigrants and the profound impact they have had on society, many immigrants face perpetual discrimination; this idea has appeared many times throughout Barbara Kingsolver’s novel The Bean Trees. Taking place during the 1970s, the main character, Taylor, moves from Kentucky to Arizona; along the way, she meets Esperanza and Estevan, illegal immigrants from Guatemala. As she gets to know them better, she notices they are forced to live a monotonous, arduous life which implies that immigrants face prejudice from Americans who claim to be accepting.

English 203 10/6/17 Professor: Elisavet Tsakirouglou Student: Tamara Stojkovic Student ID: 20160023 Unemployment is one of the most serious problems facing developed nations today. Based on the film “ The Full Monty”, use specific examples and critically evaluate the effects of unemployment of men Unemployment is a serious economic issue that affects a considerable number of people and countries, either directly or indirectly. Due to the global economic crisis, the number of unemployed people has increased significantly in the last few years.

Now that Ginsberg has visited the issue on how people treat each other, in the “Velocity of Money” he discusses how money changes and corrupts people. Money has a significant hold on people that directly affects what we do and why we do it. He writes, “Everyone running after the rising dollar…” (Ginsberg “Velocity” 10). Inflation is becoming more and more prominent the older America becomes, so the “rising dollar” is still evident

While examining the recent migration, it is important to take into consideration the changing scale and nature of the migration in past decades instead of focusing on current migration patterns. The scale and patterns of migration flows have varied deeply over time and between different European countries that both have short and long-term impacts on the existing population. In 2008, 3,8 million people migrated to and between the EU – 27 member states. (Eurostat, 2011) With the growth of the labor movement after the First World War, economic crises and unemployment began to lead to political tensions that threatened the existence of the capitalist system. In order to survive, the capitalist system had to aim for continuous expansion and full employment at any price.

According to the UN’s calculations there are more than 7 billion people on the earth today when 200 years ago there were less than 1 billion. Populations have grown 3 times faster between the 1900’s and 2000’s (Ortiz-Ospina, E, & Roser, M, 2016) Rapid population growth is a cause for alarm because of many factors. The drastic increase in population could cause detrimental factors for societies and the world as a whole. Factors including environmental strain, governmental strain in producing services, cramped and unhealthy living conditions.

Immigration has been a major issue since the last few decades. With rising immigrants in an economy, their impact on the economy is manifold. Lack of jobs in home country, Civil war/ Political Instability, Higher standards of living is some of the factors that are responsible for migration of labour and leads to immigration. Negative impacts of immigration lead to overcrowding and unemployment, depressing wage rates, trafficking, racial injustice and intolerance and certain other hardships of the society. But immigration has its positive impact also.

For many decades the economic growth of American has shifted to different standards. Each generation of growing up in America can and will face different economic situations than the generation before them. It is a part of circular flow of economics. One factor that is brought up, especially in recent years is income inequality. During a debate hosted by intelligence squared, two sides argued the notion the rich in America are taxed too much.

First, every government department or program should have a transparent budget to keep the government accountable for their actions (Lynch & Smith, 2004). Next, a chart in one of the articles I read illustrated entitlement spending numbers in percent of total spending from1900 to 2020 (Tax Policy Center, n.d.). The numbers on the chart are increasing each year. Naturally, the numbers will increase because of changes in demographics and growing amount of people in need. Though, one could see how the spending is on autopilot because of high increase in numbers compared to discretionary totals (Tax Policy Center, n.d.).

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.

The level of wealth inequality from the years 1967-1970 was higher than the level of income inequality from that same time. It would seem that a higher level of wealth inequality is a standard of the American economy since it was higher than the level of income inequality in all three eras. As for the specific amount of the yearly average wealth controlled by each fractile, using the information from Fig 6, we can see that the top one-hundredth percent fractile was in possession of 72.37% of the yearly average wealth from the years 1967-1970. The next nine-hundredth percent fractile controlled 16.06% of the yearly average wealth from the years 1967-1970. The four-tenth percent fractile after them had 5.95% of the yearly average wealth from

While there is no strict definition of the American Dream, it is a notion based on the belief that everyone in this country is able to achieve his or her goals through talent and hard work. The American Dream is typically thought of in terms of wealth and standard of living. Common tenets of the American Dream include owning a home, paying expenses without incurring debt and saving for retirement. Unfortunately, the ability to achieve the American Dream has been diminishing for many Americans since the 1970's due in large part to the erosion of the middle class. Income inequality is the highest it's been since the mid 1980s for a variety of reasons.