1. What measures would you employ to illustrate just how unequal America is?
The measure I would employ in the illustration of how unequal America is would be the wealth distribution observed among different states. The inequality is especially demonstrated by comparing income generation of different families from different states. According to Pew Research Center (2015), wealth gap between upper income earning people and the rest of the Americans was the widest on record. For example the center in a report of 2013, found that the net worth of the country’s upper-income households and nearly 70 times that of lower income earning families.
2. How relevant is Marx today--after all he died in the l880 's?
Marx is still relevant today since we
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Through research Pew Research Center found out that the gap of inequality in income earning is very wide. This means that even labor is paid on the basis of who and where one is working from. However, if all of the working people received a standardized compensation for their labor, I think things would have been different. Hence, the initiated efforts to standardize labor compensation should be materialized.
5. Do you agree with Professor Stiglitz that "inequality matters."?
I absolutely agree with Professor Stieglitz on the notion that inequality matters. It is mainly so because competition which can only be established by inequality is crucial and significant in the development attained at individual level as well as in the national level
6. Have you investigated the differences in the social safety net in the U.S. versus those in Western Europe to diminish the effects of economic inequality? (any personal experience?)
Yes I have an experience and found out that European countries redistribute income amongst their citizens at a much larger scale than is the case in the U.S. European does this through social programs that reach to a big number of citizens. Also, European policies are very much concerned with protecting the
Based on freedom and equality, America is today the country the most unequal amongst developed countries. Today there is a very big difference between the ideal, what Americans think and the reality of the income distribution. There is only a very small share in the middle class. This is a major crisis in the United States indeed, 1 per cent of the rich have 40 per cent of the country’s wealth.
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.
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.
The election time is the most crucial time every four years in which citizens decide who will represent them and their country. The candidates spend an abundance amount of money to impress the general public about their character and their future goals for the citizens. While every single person has a political stand on which candidate or party they support and which they do not, not all of these people end up making it to the voting ballot. In fact, in regards to the voter turnout, the United States of America experiences a drastically lower number of participation in comparison to other countries. Plenty of reasons interfere with this unfortunately low percentage number and the essential one being the government allowing its citizens to exercise
There is less equality of opportunity in the United States today than there is in Europe or any other developed country. For this reason America’s level of inequality is higher than any of the other advanced countries, and its gap with the rest has been growing larger in size. In
While Wealth disparity otherwise called the wealth gap is the unequal distribution of benefits among residents of the United States. Riches incorporates the estimations of homes, vehicles, individual assets, organizations, reserve funds, and speculations. Income inequality only matters insofar as it affects wealth inequality “and if we’re not careful, focusing on income inequality can lead us astray from the larger goal of creating a fairer and more economically equal society” (Nolan). There has been a colossal exchange of riches from the working class and the poor to the wealthiest individuals in this nation. That is the Robin Hood standard in
This article is a great explanation of some of today’s economic issues. It gives insight into the economic issues that we still face today and how economic inequality is still of relevance in modern America. Economic inequality refers to how economic metrics are distributed among individuals or groups. In this particular article the economic inequality is applied to America’s economic status.
Everyone is and should be treated equally. Having an egalitarian society is important. I believe America is an egalitarian society defined as, “Believing in the principle that all people are equal and deserve equal rights and opportunities.” (xx) “There is no denying that our system allows some Americans to become much richer than others.”(xx
Income inequality has affected Americans in many different ways. Americans are faced with making decisions that will determine how they will earn enough money to take care of their families as well as send their children to college and invest for retirement. In fact, many Americans have even lost their homes due to the change in their incomes. Regrettably, the American people cannot achieve what they once thought would be achievable. Income equality occurs when there is an uneven distribution of income and wealth between the social classes of American citizens.
America, the land of opportunity, but is it really? America is the wealthiest country in the world, but the middle class is contracting due to increasing cost of living and stagnant wages. Inequality for All, narrated by Robert Reich, is a documentary about the skewed distribution of income between the top one percent and the average worker in the United States. This documentary explains what is causing this issue, why this is occurring, and how to fix this issue. Inequality for All, shares many issues that cause the wage gap to increase so drastically.
As much as people hate to admit it, society and the world revolves around money. Whether someone wants to go to college, own a house, support a family, live luxurious etc all these things are dependent on wealth. So, knowing that the top one percent wealthiest people in the U.S owns more than the other ninety-nine percent combined is a little terrifying, and it’s partly due to the income inequality in the U.S. When there are people supporting their families on minimum wage and no one has taken action it’s time for a change. So, when it comes to the subject of wealth everyone will agree that is necessary to live. Where this consensus ends, however, is whether income inequality actually exists.
Education inequality in America Currently in today’s era we are living in a time where education inequality is at a high more than ever, where depending on where you live, how much money you have, what race you are, and even sometimes what sex you are, is how much you would learn, many people in the Ghettos of NewYork, don’t get the same as someone who would live the the nice, more wealthier parts. In the Ghettos, any type of teachers who does not know what they are doing are thrown in there, while teachers are carefully hand selected to teach in the much more wealthier places. This is a issue, because in the Declaration Of Independence, where it states; that all men are created equal, is not being fulfilled, like it needs
Therefore, America’s inequality will continue to grow. The main reason for this report is to outline
3.1 How income inequality affect on people live in America. The income gap in America affects people, who live in this country. The issue has a strong impact in America’s society; in particular, the nutritional disparity between rich and poor people. In USA, the food gap becomes the top signal for the class distinction, but it used to be clothing or fashion. The food inequality in America is not only influencing the poverty, it is also cost hundreds of billions of dollar per year because of Non Communicable Diseases (NDCs) (Ferdman, 2014).
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.