The Upside Of Income Inequality Summary

We should raise minimum wage read below to find out why. In america their are 564,708 homeless people in we were to raise minimum wage to try and get rid of this amount of homeless people in america. Some people argue that raising minimum wage would make worker benefits be the first to go in america. This however is not true because these companies would be able to make more money because people would have more money and they can spend some on things they want. People would have a higher work morale because they would be able to make a lot more money than before so they would be more happy to work longer hours.

Therefore, this increase in wages will result in higher fees for students. In addition, Li (2013) claims that even though university prices have increased, demand has been increasing rapidly as well. Thus, this increasing demand for higher education has resulted in a rapid increase in fees as well. In addition, technological advancement favor highly educated workers more than anyone else as these people are capable of dealing with the innovative machines and advanced technology and are able to make most out of them. Furthermore, as Li (2013) mentioned that being a skilled labor such as a university professor implies being highly educated, in this case, the cost of hiring professors has increased which eventually lead to an increase in the overall cost of higher

If there are people that are willing to work for money like these immigrants than American government won’t have to ask other country for stuff to be made, it can be all made in America that way we will save money and it would impact the economy in a positive direction. The immigrants can be worked at minimum wage at any low skilled work that American’s would not want to work. “Immigration will

Minimum wage is a dishonest approach that hides the true cost of the

Consumerism is the economic theory that an increasingly greater amount of consumption is a positive aspect for buyers. It's so significant to our modern day society because it's a cycle of transferring money from the consumer to the seller/employee. This idea of consumerism has been a growing concept ever since the early 1900's when American's began to see more and more advertisements. These advertisements, however; can heavily affect the ideas and opinions of the consumer. The notion of advertisements and how it affects the minds of buyers from the mid-twentieth to today can be explained in Thomas Frank's “Commodify Your Dissent” and

This study also showed that the immigrants started investing more into the economy which helped the economy grow. This just shows how the immigration reform benefits the whole nation. Also the money they would have to pay to become citizens, which according to ABC news in some cases can cost up to $15,000, would help fund the rest of the programs mentioned in the reform. The immigration reform would also improve the natural current naturalization process. It would revised the current naturalization test, and make new one that would focus on the American democracy, U.S. History and what is expected of a U.S. citizen.

Which sociological perspective do you think best explains the problem of immigration in our society? In my opinion, the conflict perspective best explains the problem of immigration in our society. Page 83 explains that “Most immigrants are motivated by the global economics of immigration-men and women will move from low-wage to high-wage countries in search of better incomes and standards of living.” Most immigrants are coming to the United States to pursue the “American dream”.

James Truslow Adams stated in the epilog of The Epic of America that the dream is about a, “better and richer and fuller [life] for every man.” Money is essential to the comforts of American living, so it only seems necessary to dream of having an abundance of it. The irony is, that in the pursuit of wealth and economic stability, the risk of economic uncertainty is high. Mark Robert Rank’s Chasing the American Dream, states that “Mounting evidence indicates this economic insecurity has been on the rise, with growing number of middle and working-class Americans struggling to get by” (Source C). While this is true for some, many have also experienced significant economic gains in the past decades.

Most Chinese people view inequality as the sacrifice they need to pay for China to experience rapid for economic development and are eager for the country to develop at whatever social cost. Other causes of income inequality in China include the effects of economic reforms that was signified by the shift from egalitarianism to a more market-based income determination that ended up creating a pool of winners and losers within China’s demographic levels. In addition, the hukou system has been attributed as the major cause of income inequality in rural China and has even been referred to as a caste system that has widened the urban-rural divide in modern-day China. Considering the aforementioned, I will focus on the effects of the economic reforms, the role of danwei and the hukou system and how they continue to maintain income inequality in China

In most cultures, education is highly valued as one of the ways to enhance one’s socioeconomic status within the society. “Higher education one receives, higher socioeconomic status one will get” is the common stereotype of the education. Yet, it is no longer true; gradual increase in education fees enlarge the gap between rich and poor while higher education is no longer guaranteeing the access to enhanced job opportunities. Higher education, although it remains as the crucial element for one’s job opportunity, is financially pressuring the students and promotes social inequality. Achieving higher education such as getting a degree in the college is considered in most countries as the step one must take after graduating from the high school.

From the first glance, the rise of the federal minimum wage is beneficial to everyone. It will improve living standards and the country’s overall economy, create more job opportunities, and reduce the poverty rate. However, after analyzing some economic theories and reading presumption made by qualified economists the idea of increasing the federal minimum wage will not look as good as before. Oppositely to benefits the raise may adversely affect standard of living, cause layoffs and fewer hirings, or has negative effect on poverty rate. Both points of view show the significant impact that the raise of the federal minimum wage may cause and both of them are partly correct.

In “The upside of income inequality” – Becker and Murphy, they mention the demand for education and skilled people is growing. The proportion of people going to a higher education is found among all racial and ethnic group (pg.585). As of figure 4 graph, the proportion of men and women ages 20 to 25 who are attending college has risen about half in a 40 year of tracking. They stress the important of education for all types of people that with higher level of education there is more opportunity. Therefore, in article “American remains the world’s beacon of Success” – Tim Roemer.

II. Body A. The baby boom group born between 1988 and 1995 contributed to increase in college expenses. 1. Contributed to increase in population 2.

By offering those currently here an opportunity to work for legal status, Americans benefit from the additional taxes paid by them, lessening the burden on taxpayers. They will have the same opportunity as American-born natives, while contributing to the community and government as all other citizens do. American people can be employed in higher paying positions as the lower paying positions are taken care of by the illegal immigrants, raising their average incomes. By implementing this plan, it gives illegal immigrants great opportunities they came to America looking for, while easing the American people’s complaints of them not paying their fair share of taxes and taking their jobs. The government gets more tax income, more jobs are created by having a larger population, which creates a need for more teachers, more road workers, more fire fighters, and police.

Raising the minimum wage will allow society to keep up with inflation, extract people out of poverty, and stimulate the economy. Even though there are some negatives to increasing the wage, many of the opposing arguments have been found to be false or even have had the opposite effect. Increasing the wage will be beneficial to the workers as well as the businesses, making the wage increase a positive change in the United States economy.