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.
Paul Krugmam, a teacher of economics at Princeton and the city University of New York, uses people who have had an impact on America. They all make decent points towards income inequality, and inequality as a whole. Becker and Murphy believe that if a higher education will give you a higher income, although education after high school is expensive, the returns are worth it. Even though statistics prove that Becker and Murphy's theory is correct, Krugman believes that the living standards are important and shouldne be jepordized, because of an education. Paul Krugman in “Confronting Inequality” attempts to explain how bad inequality is and the things that can bring inequality to high or low levels.
Furthermore, Chomsky informs the public about how these illusory changes, implemented by the government, are negatively impacting the unaware lower class. The effectiveness of Chomsky’s argument is based upon his reasoning, explanation, use of historical documents and footage, and the tone development of the film. The film “Requiem for the American Dream,” is divided into 10 sub categories called principles, each supporting the claim that the concentration of wealth increases the concentration of power. Consequently, this results in an increase in the concentration of wealth, causing the process to start over again in a system
In the movie, Inequality for All, there are a lot of important facts and research about our American economy that has not been helpful for the middle class. It has been beneficial for the upper class on many different levels but it hurts the heart and soul of the American workforce which is again the middle class. Without the middle class there would be no upper class, the middle class is very essential to the American economy flowing smoothly. In this film, former United States secretary of labor Robert Reich travels across America looking for answers to what happened to our economy. Reich explains what America has been and become over the last one hundred years.
“Most employers consider their employees an important investment both to accomplish the organization’s current goals and to have the right people in place for the future” (Fenton, 2004, pg. 49). One such employee investment is tuition reimbursement, which provides financial assistance for all or some of the tuition and related expenses for coursework taken by employees (Manchester, 2010). Employers that offer tuition reimbursement programs tend to recruit a better quality employee who will remain longer with the company to take advantage of the tuition reimbursement offered. Furthermore, employers have the, additional, advantage of reaping the benefits of the improved performance and productivity of their employee from their newly acquired knowledge and skills (Cappelli, 2002).
Poor people have trouble getting jobs and putting food on the table. But if they raise the taxes for the upper class, it can motivate some rich people to move to another country. It also divides America. It can turn the lower class and middle class against the rich and have the rich against the poor and middle class. Two thirds of the US support higher taxes on the wealthy and a higher minimum wage as ways to narrow the wealth gap.
It gave the working class much needed support by giving them more rights than they had before (Doc C). A lot was done to keep the working class from falling into poverty and now was the time when the working men had more rights than ever before. The country’s CPI went up, meaning that Americans were able to buy more. CPI can be used as an economic indicator, it can measure inflation and can be used as an indicator of how good the government policy is. Furthermore, since the CPI went up that meant that the implementation of the New Deal and FDR’s government policy was much improved from their predecessors (Visual 1.3).
Which means if the trade rate increased, the economy increased too. This can lead to a better job that can make people more comfortable. Third, Qin's army was well-trained, and people there had general skills. This means there was an education system in the Qin dynasty. He offered rewards to generals who fought well.
The performance of the education system is an issue that causes controversy in our society. Education is often mirrored by the society in which it is used, by either benefiting from a wealthy society or being compromised in a less fortunate society. Educational levels are vital to the ability of countries to have future growth. Countries that invest in education, particularly primary education, show greater rates of return on that investment and are likely to grow in the future. An example of this would be the ability of each generation to pass down the torch of education to their children and then have them attain better jobs and more culture than their elders.