“There is something profoundly wrong wrong when one family own more wealth the bottom 130 million Americans.” The United States of America has always had economic growth problems. Income Inequality is a big factor for this situation. We are currently in the 21st century and yet we have no improvement on income inequality. In 1984 by George Orwell the low income are the proles who are the incredulous of the story.
The ones responsible creating these policies are the ones who want the lower class to suffer to gain money. Peace is granted to the upper class because of the power they have ignoring the poor. The state needs wealthy allies to become powerful and richer which the laws that are created limit the poor having no access to
The trend of deflation intensified. The reason that nobody warned America of deflation was due to false prosperity. The 1920’s were called “the Roaring Twenties”, while mainstream culture at this time supported that it was a time better than anytime before then there were many misconceptions with masses of people at this time (Facts). America was very dependent on production and 42% of people were impoverished. Poverty in 1920’s
“As long as poverty, injustice and gross inequality persist in our world, none of us can truly rest.” (Nelson Mandela). With all these categories of inequality many of the American population see themselves being superior over others. Many people, specifically conservatives believe that inequality is the main purpose of growth and without it there’d be no competition for greater productivity. As much as i’d like to disagree with that statement, it is highly true because if everywhere was equal then there wouldn’t be any strive to be the best or to be the “top dog” in any sort of competition for the reason that every individual would be proportionate.
In addition, many people think that wealthy consume more food so they are easy to get obesity, diabetes or heart disease. In fact, in America, the low-income groups have the highest rates in NDCs. According to the worldwide study, there are a connection between NCDs and the socio-economic levels link to the energy in America’s meals and the cost of meals. The American has average income spend less than $8 per person per day for their meals and beverages. Meanwhile, poor people just spend only $25 per person per week.
Actually, unemployment remained high in the twenties. Although the government had policies to take income tax in order to balance the income between the rich and the poor, the actual income of the big companies were much more than what they pay for tax. The effort made by government did not help workers effectively. After the Great Depression, the New Deal programs benefited people who suffered from inequality a lot. As Franklin D. Roosevelt declared in his inaugural address, “through this program of action, we address ourselves to putting our own national house in order and making income balance outgo” and the main purpose was to “put people to work” (SR 226).
After the Civil War, the United States as a nation was ready to leave the conflicts of the past behind. The country moved forward quickly into a new age of invention, consumerism, and ingenuity. After years of slavery and fighting, Americans began to shape modern life as it is known today. New inventions - the telephone, the lightbulb, the assembly line - revolutionized the American way of life. However, the Gilded Age is called so for a reason - underneath the shiny gold exterior was a dull, hard existence for those who were not at the top.
A different issue that affected inequality in the economy was that people with power often would pay themselves large salaries over their employees. The new tax reform was also in favor of the rich because it helped reduced their taxes which did little good for the average American. In 1993 the tax code changed several inequities that were in the government tax structure in the 1980s. The rise in minimum wage improved the quality of living for the people who received a very low wage for working. This caused a decrease in inequality pay but not for income.
The Bamboo Ceiling In 1985, historian David A. Bell claimed that the triumph of Asian Americans was “America’s greatest success story” (Bell). While one might argue Bell is giving the success story of Asian Americans too much credit, no one can deny the advancement of Asian Americans in American society. Despite being exploited and subject to discrimination in the mid-1850s to mid-1950s, Asian Americans have become one of the richest ethnic group in America and have a higher percentage of individuals who have received a college education relative to other races. However, many Asian Americans suffer from the “bamboo ceiling” phenomenon, where Asians are unable to advance to highest level managerial, executive, or social positions.
KA: Why thank you, the soup was made from the finest waters, and the best vegetables of my kingdom. If only I could keep my beautiful crops going. KB: What do you mean? Your country is rich and powerful.
This is another myth because the number of households with children living on less than $2.00 a day per person has grown 160% since 1996, to a total of 1.65 million families in 2011 (Eichelberger, 2014). These are myths that society needs to see the truth in and gain a better sense of reality on the situation and understand how poverty affects
Economic inequality is a severe and growing problem that needs to be addressed and fixed. The United States is currently the richest country in history; however, that title seems only nominal when in reality, much of that wealth is controlled by a small 1% of the country’s population. Even with the major technological advancements and the rising productivity in the country, most Americans are left to work longer hours for lower wages. The United States has the most unequal distribution of wealth and income out of all the developed nations today and continues to head toward greater inequality. Things have gotten so bad that even those at the top are speaking out; the richest man on Earth, Bill Gates, acknowledges the problem, "Yes, some level
The middle class is working harder than ever, but yet they are not getting anywhere. The top 1 percent should stop saving and they are not generating enough for the economy, we need spending in order for the economy to run smoothly. A stable economy is a strong middle class and I totally agree with Robert Reich because the middle class actually spends their money! 70% consumer spending is from the middle class according to Reich. They are actually benefiting the economy and unlike the top 1 all they do is save.
Conflict sociologists see this skewness as a problem in society. The people who become of wealth stay in wealth because they control the power due to the mass amount of money they have compared to the rest of the population. When we say wealthy, we are discussing the top two percent of wealthy people in America. The top two percent of people own over half the total wealth in the United States. Many cities and even states do not contain a single person that qualifies as being a part of the top two percent of wealthiest people in this country.