What is the middle class myth? This “event” or “classification” has a lot to do with geography,the past and how it was formed it has many components to make it a organization that is well known. “A land of opportunity”, “ a middle class society”,quotes from American Ideology assertion from Alan Nasser,the Author of The Middle Class Myth: Have Most Americans Always Been Poor?(August 28,2015). In 8 Surprising Facts About The Shrinking Middle Class From “Third World America” (PHOTOS)by Hallie Seegal 08/09/2010 01:19 PM ET states that in 2005, the bottom 20 percent of household earners had an average income of $10,655 while households in the top 20 percent made nearly 160,000 – a disparity of 1,500 percent, the highest gap ever recorded. Even some might refer to the U.S. as “ a land of opportunity ”,the reality is
In Peter Van Buren article, Goodnight American Dream: The middle Class is Now a Minority, Van Buren details this division. Once representing 62% of Americans the middle class went from the backbone of our country to a minority. Due to the growing social inequality gap since 1970, the middle class is disappearing at a steady rate, now representing 43% of all Americans. This division of social classes divide the nation unequally as more people are falling to the lower class America. In 1970, 29% of the nation income went to the upper class of America, now it is staggering 49% of the national income will go towards the already wealthy (Van Buren).
This factor has not only economic drawbacks but social problems are increasing at the same time (Kennickel, 2003). It leads to crimes and unsafety. Wealth inequality in America is increasing specially after the Great Recession of 2008 (Kenworthy & Smeeding, 2013; Allegretto, 2011). “The wealthiest 1% of U.S. households had net worth that was 225 times greater than the median or typical household’s net worth in 2009” (Allegretto, 2011). John Slater (2015) suggests that top 1% will gain more wealth than bottom 99% in 2016 if the government doesn’t take any measures to prevent it.
How is this kind of imbalance possible? Tax shelters for the wealthy and tax burdens on the poor promote Cox and Alm’s theory. In addition, the prejudices in attaining the American Dream go beyond the distinctions between the rich and the poor. Distinctions are made due to social class, religion, ethnicity and race, as well as education levels and gender leave hard workering, intelligent and truly qualified individuals overlooked and unconsidered. The caste system that Krugman refers to is encouraged by these kinds of class distinctions (Krugman 64).
Based on social stratification, there are several social problems affecting the economy of the United States such as social inequality, unemployment, and living place. First, the economy of the United States is affected by the social inequality produced by social stratification.
Paul Krugman author of the article “Confronting Inequality” stresses the inequality of our social classes in the United States, he uses statistics to demonstrate the staggering consequences of this inequality within our social classes. Krugman emphasizes the fact that a majority of our wealth is owned by about one percent of the population, which is leaving the middle and lower class at an extreme disadvantage. One example Krugman uses is education; children that have wealthy families, have a higher percentage of finishing college than those of lower income families, proving the statement that Krugman was accentuating, “Class-inherited class- usually trumps talent.” The parents within this middle to lower class have been exceed their financial
Furthermore, 70% of people, who come from low-income groups and middle-income groups, die because of these diseases. NCDs do not only occur in elderly, most of NDCs cases in America are from adults under 70 years old and children (Paho, n.d.). According to the national data, from 2986 to 2002, an indicator of excess body fat (MBI) in low-income groups and low education groups was higher than other groups. The BMI and obesity were inversely proportional to wages (FRAC,
The second main point discussed is how inequality plays a factor into the income gap in the United States. As Porter explains, we have accepted income inequality because we believe capitalism would not be able to work without it. I can now see how much influence capitalism has on this country in particular. A quote that I believe best explains this is “if
The United States of America is the 13th richest country in the world, yet in 2016, it was reported that more than 13.5% of Americans are living in poverty. A country so prosperous and so abundant has more suffering than possibly imaginable. Whether it be surprising or not, throughout history, the state of Alabama has always suffered with lower incomes and an overall poorer lifestyle. As the next generation comes into power and makes their mark on the world, they will prepare a way for poverty to be demolished once and for all.
Addressing Inequality The inequality is most knowing for lack of equality or things that are unfair comparisons to from each person, the three main types of economic inequality are Income inequality, pay inequality, wealth inequality, each type of economic inequality has related to money but each type of economic are represented different things such as Income inequality is extent to which income is distributed for a group of people, pay inequality are each person pay is different to their income, for example some people spend more money on supplies than someone else and the last one is wealth Inequality, which is wealth acquired from an individual. The biggest similarity is this economic inequality all has the wealth gap, which is mean differences
The term “American dream” was coined by renowned writer and historian, James Truslow Adams, who considered America as a place where life will be better and richer. Since then, the United States of America has been considered as the land of equal opportunities and growth. However, the changes in the social and economic status of the population indicates that there is existence of social disparity in our society. Social inequality can be defined as the existence of an unequal distribution of various resources and opportunities among the social groups in a population. While the United States of America trys to be a pioneer nation in promoting social equality, the leading research, based on various parameters and asset groups indicate that the
What makes people unequal to others in their mind? Many think others are unequal because they are simply different from them. The possibilities on being different from another person are almost infinite, but most often, and not limited to, are race, religion, gender, sexuality, or just being an outcast. Looking at just the United States, it is a huge melting pot based on immigration throughout history. Being an immense melting pot is a blessing and a curse; while it creates cultural diversity, it also creates discrimination, which America is notoriously known for.
The most important of the vast privileges today’s generation of America has in my opinion are freedom and choice. Of course none of these would’ve been possible without blood, sweat, and tears from our soldiers. America has more than enough gifts to offer for everyone ranging from rich to poor and good to bad. Schools are great and have many advantages that other countries lack. Our veterans have given us everything we need and more so the vast majority of us can be successful.
Throughout history Americans have experienced a decline in economic equality; the difference in earning between the rich and poor has steadily risen. This slow progression of the working class growing distant from the 1%, or those that hold the majority of wealth in America, is believed to have begun in 1973. Inegalitarians such as George Sher, a professor of philosophy at Rice University and author of “Equality for Inegalitarians”, agrees and is fighting to combat against this inequality by exploiting the truth about why he feels that the majority of Americans are not equal economically. In order to find a solution to this problem, he believes that we should be focused as a nation on opportunity, not equality.
Why is it that lack of equality for all Americans still exist? This has been a problem for many years now, and may be a problem that will never end. Everyone at some point in their life has been a victim of inequality. People need to understand that all Americans have the same rights. Therefore everyone needs to be treated equally to uphold the promises of the Constitution and Declaration of Independence, to avoid discrimination, and to restrict unnecessary police brutality.