Economic Inequality Of The United States

910 Words Nov 16th, 2016 4 Pages
The United States is a well-developed country and is considered to have the largest economy in the world. It is ranked high in GDP per capita, which indicates people enjoy a higher living standard in a nation (Mahoney, “Economic Inequality in the United States”). However, the aggregated data collected for GDP per capita could not be taken account for the middle and lower classes. According to the Pew Research Center, statistics show that the US income inequality has reached the biggest gap in 2013 (Desilver). Evidently, not all Americans possess the wealth and enjoy the benefit from the large portions of economy leading by the US. It is also shown through the fact that the US wealth distribution is generally the worst amongst the developed countries (Gongloff). It means that the top 1% of wealthy group is gaining more, but the middle and lower classes are hardly maintaining the same earnings or even making fewer profits than before, arguably the latter happens more often today. This controversial issue - the economic inequality that has been increasing significantly since the 1970s, seemingly attributed to the expansion of interest groups, which in turn negatively impacts the democracy in the United States.
The interest groups in the United States started to grow rapidly since the 1960s (Mahoney, “Interest Groups and Inequality”). They are private organizations that seek to influence the public policy in favor of their objectives. There are various methods of advocacy being…
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