Economic Inequality In Business

Reading the article, “The Racial Discrimination System” by Barbara Reskin, helped me see that diversity is more than just race; it varies between skin color, wealth, education level, religious beliefs, and gender identity. But even though multiple laws since the 1960s have been passed to ban racial discrimination, the effects are still around today. One of the concepts from the article that really intrigued me was when it talked about some of the racial disparities I wasn’t even aware of. For example, prior to reading the article, I didn’t know that black businesses on average would pay higher interest rates than white businesses. And while I was aware about the employment gap between blacks and whites, I didn’t realize that blacks were twice as likely to be unemployed as whites. And while I always believed

With inequality based on class status disregarded, racial discrimination seems to the root cause of workplace inequality. Subtle Yet Significant: The Existence and Impact of Everyday Racial Discrimination contains information that suggests that racism has not lessened, it has only been disguised. Blatant discrimination, like racial slurs and exclusion, has taken background to smaller, less obvious discrimination (Deitch, Barsky, Butz, Chan, Brief & Bradley, 2003).

Disparity in business ownership is a salient example of racial inequality. Black Americans are the most affected by this disparity, as African-American run businesses have statistically lower sales, fewer employees, smaller payrolls, and a greater probability for closure. The amount of self-employed Black Americans is below every other racial group. Historical oppression and exploitation of black and brown people in the United States gives a lack of access to both human and financial capital.

African American’s have been on the bottom end of inequalities since their arrival United States, although advances have been made African American men still fare badly. For Hispanics high immigration numbers accounts for the inequality gap among them. The presence of women in the work place has add little to the issue and the decline of trade unions has negative implications for all workers. Advances in technology is part of the natural cycle of industry and while some jobs will initially fall victim to it new skills and training will provide for new careers. Thomas Piketty and Joseph Stiglitz shows that the overwhelming causes of the current cycle of economic inequalities to be income and capital inequality that exist because of politics and government policies that benefit the rich at a cost to the poor and

In Income Inequality: Too Big to Ignore, Robert H. Frank paints a picture to the reader about the struggles of pier pressure. For example: an upper-classmen chooses to buy a big house and fancy clothing. This acts as a “frame of reference” to the changes and norms of the society. If he spends money on something nice, a middle-classmen will then go and decide to do the same thing, and then a lower-classmen…all the way down the social hierarchy. This is what he calls an “expenditure cascade.” Robert relates this with a person’s downfalls, which can be traced due to lower income inequality. Income inequality basically means that in a given quantity, the dispersion of income is underlined by the gap between individuals and or households with

Racial discrimination is the main and ongoing problem in the social life of Americans. When we look at the gap of incomes between White and African Americans, we can see the inequality between these two groups. In general, whites have more annual earnings than their black counterparts in America. Lori Ann Campbell and Robert L. Kaufman emphasized that the wealth determinants, which are the indicators of socio-economic status, have effected more on Whites than Blacks. And even when society is organized, there is still some disparities on account of race and ethnicity. (Campbell and Kaufman, 2006). And income disparities between African and White Americans have definitely effected the peace of the social life. According to Campell and

Homelessness is one of the main problems plaguing the United States today, with low income earners at a higher risk of becoming homeless than previous years. There have been countless laws and ordinances put in place throughout the country in hopes of solving this growing problem but many of them have failed to address one of the main things causing this issue, economic inequality and the unequal distribution of wealth in the United States. Although there are many non-profit organizations working not only to get people off the streets, but to prevent them from becoming homeless in the first place, they are facing an uphill battle until the United States government addresses its country’s current unequal distribution of wealth. Throughout this essay I will be discussing the strategies multiple non-profit organizations, including the one I worked with last semester, are using in their battle to combat homelessness, the relationship between economic inequality and homelessness in the United States, and my experiences working with LifeMoves, formerly known as InnVision Shelter Network.

In any given population, there is a difference between what people within the population earn. The uneven distribution of income in any given population is income inequality. In order for there to be income, there has to be several sources of income. These sources of income may be combinational or independent per person receiving the income. Income may result from wages, rent, bank account interests, salaries or even profits made in business transactions ( Stiglitz, 2012).

“Some employers used tests for hiring or promotion that screened out African American at a higher rate than white applicants, making it nearly impossible for them to be hired in any substantial numbers” (Vertreace, 2010). In many cases white supervisors or managers would make sure they interview just enough minorities so they want to appear not to be bias toward other races. They even pretend to follow company’s rules, but instead they make their own rules and dare someone to cross them. Nevertheless, there are not enough opportunities for black people to advance. If the only available jobs are low-income jobs, then the chance of living in poverty will continue for minorities.

The author touches on an important issue that affects the United States, which is income inequality between different sexes and occupations. The researcher asks an interesting research question that affects a high population in the United States. There have been several debates on income inequality, and it is essential to know the contribution of government and state policies to this problem. The increase in the disparity started in the mid-1970s. It is also important to know the reason for the inequalities between different states. This makes it easier to identify and change policies that contribute to income inequality. The research question is situated properly in the literature. The literature first explains the problem of income inequality,

According to the OECD, the term inequality in the opposite of equity can be defined as evenness

Income inequality has been a major issue in American history. There are many different factors that contribute to inequality. These include education, wealth, discrimination, ability, and monopoly power.

It becomes clear that race, class and gender have a strong impact on inequality in the US today. John Acker assumes that one of the areas affected by the mutual reproduction of class, gender, and racial relations of inequality is employment. Due to identification of barriers to creating equality in work organizations, it is possible to determine how the so-called “inequality regimes” can be eliminated. According to researcher, “inequality regimes are the interlocked practices and processes that result in continuing inequalities in all work organizations” (Acker,

In conclusion it has been proven that inequality still exists within companies. If women want to be paid based off their skills and not their gender, they need to become aware of the fact that this problem is still around and fight to get rid of it. Carol Hymowitz’s article reflects on the need to make a change in businesses around the world to offer diversity and equality. The change has to start with women coming together and taking a stand against discrimination. With constant change and growth within our country, there is no reason

An egalitarian organization is where people are treated fairly and where people from disadvantaged social groups have the same chances as those from more advantaged groups. In order to become a more egalitarian organization, an understanding of causes and solutions of inequality are needed. Inequality is the existence of unequal opportunities and rewards for different social positions or statuses within a group or society. (Crossman, 2014) There are many forms of inequality, e.g. ethnicity and gender. In this essay, I will focus on gender inequality. Gender inequality can be defined as allowing people different opportunities due to perceived differences based solely on issues of gender. (Sage reference) I will first state reasons and