The United Sates is considered to have the most unstable inequality in the world. In 1978 the upper class generated $48,302 dollars and in 2010 generated more than three times as much, $393,682 dollars. While the middle class generated as little change in their money from 1978 to 2010. After the crash in 2008 People became interested in the inequality in America realizing that majority of the people, the middle class and lower are in the 99% while the top class is 1%. There is a graph that was invented in 1913 that explains what is happening to our economy and the day that it is happening on. In the graph you can that the years 1928 and 2007 are the peaks of these growing graph which you can compare it to a model of a suspended bridge. With both time periods, 1928 and 2007 being the peaks of the graph showing the 1% of upper class leaving the rest of the graph showing the middle class going deeper into debt. In reality the middle class are the job creators, and they are the heart of spending. When it comes to the upper class you would notice that if spending money was depended on them they would be the first to be ruled out. This is because the upper class makes a large sum of money, but they do not spend all that they make. So the middle class is the most important aspect of this economy. As of 2010 the middle class is struggling to stay afloat. Middle class would be considered to be with the medium being $50,000 dollars, somewhere close to $25,000 to $75,000. For
In the United States, high standard of living is not equally shared with in the Americans. The 1970s and 1990s was period where economic inequality began to grow. Emmanuel Saez, an economics professor at UC Berkeley has been doing a research for the U.S. income inequality. He states that there has been an increase since the 1970s, and has reached levels that have not been seen since 1928. “In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution, by 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades. But starting in the mid- to late 1970s, the uppermost percent income share began rising dramatically, while that of the bottom 90% started to fall.”(DeSilver) Ever since then, economic inequality continues to increase, especially in the last three decades.
Living in a society that does not help its people to live comfortably and provide facilities for them to achieve their demands, is harmful. One of these harmful affections is “social inequality” in each diverse society. Social inequality occurs when resources in each society are distributed unevenly, typically through norms of allocation, that engender specific patterns along lines of socially defined categories of persons. The United States contains one of the most common social inequalities for its population and that is “social stratification and mobility” and the government should strictly investigate this social inequality for people who are living in the United States.
Vermont Senator and presidential candidate, Bernie Sanders, said it best when he said “A nation will not serve morally or economically when so few have so much, and so many have so little.” This quote perfectly describes the issue that The United States is currently dealing with: income inequality. Income inequality is the gap between how much money is made by the rich and everyone else in the nation. It also refers to the unequal distribution of wealth among people in a population. According to the Bureau of Economic Analysis, the gross domestic product (GDP) in the United States has steadily been rising, making it seem as though economic growth is stable (Inequality for All). However, it does not take into account the increasingly widening gap between the 1% and the 99% of the nation’s population. Government officials should pay closer attention to income inequality in The United States because ignoring the issue ultimately hurts American citizens.
Wealth inequality is a controversial topic because money distribution in America doesn’t ‘seem right. The upper class possess most of the wealth in America and the bottom don’t nearly get as much.
society, the idea of income inequality is a frequent topic of argument. Many believe that a large income inequality distribution has a negative effect on a society, while others feel that it has very minor, nonexistent, or even positive effect. Some of the factors that affect the income inequality in the United States are low minimum wages, education, and discrimination of race and gender. The swelling income inequality gap in the United States has created numerous social, health, and human capital problems. There is a ton of information to digest regarding who the majority of money is split between and who is actually benefitting from it. There are numerous factors that affect the income inequality and the data associated with the results of it are rather
Wealth and Income Inequality in America The United States of America was founded upon the ideals of freedom and equal opportunity for all individuals. Many people strive to achieve the American Dream by enhancing their socioeconomic status. Today, many people argue that these rightful values are no longer relevant due to the growing income and wealth disparity between different social classes. Income and wealth are two social issues that are commonly misinterpreted; although the two concepts are related, the overall concepts are a little bit different.
Living in a peaceful world would mean that no one (and I mean NO ONE) would go hungry or be without basic medical care; denying individuals access to food, clean water and basic medical care is both in-humane as well as ignorant. The inhumanity of denying food to individuals who cannot by no fault of their own feed themselves when we have supermarkets, refrigerators, and pantries over flowing a bounty of food. Turning away from a person who is hungry, while the US as a nations spends more on its household pets than it does in donations to local food bangs demonstrates ignorance of our understanding that perhaps the stem of violence both here and overseas could be stymied if we’d only offered not only bags of rice but a safe place to grow
Inequality is a problem that has had an effect on the United States for many years. Although throughout the years the severity of inequality has fluctuated, it has increased greatly within the past two decades. There are many factors that could have influenced this increase. Some of the factors include technology and deindustrialization.
As an American, we revel in our freedoms. Not everything is free, however, we have laws that were created for safety. They help keep everyone happy, alive and well. The foundation for these laws came from the founding fathers; they wished for Americans alive then, alive now, and alive years from now feeling safe and free. However, there are fatal flaws in the documents created by the founding fathers. These documents are not effective in establishing and preserving freedoms of Americans because they confined the definition of a valued American to white males as well as allowed the means of corruption to enter our laws through lack of rigidity.
(1) The question of economic and social mobility is important to the question of inequality because less economic and social mobility is an indicator of inequality. Unequal access to resources for children in their formative years, affordable higher education, private business ownership, and inheritances all perpetuate weak economic and social mobility.
Social inequality exists in the United States through the Elite’s power to maintain their dominance in the United States capitalist system. The Elite Ruling class is made of the upper class and this class of individuals share similar ideology and are the members of the United State’s Superstructure. The Elite Ruling Class members of society are the decision and policy makers in the United States. Research and history has proven that many policies and decisions made by the Elite Ruling Class serve their own interest and promote their ideas. These decisions are the source of the inequality in the United States and it contributes to their ability to maintain their dominant status. The inequality is trickled down to the other classes through social policy and social institutions that affect our lives everyday citizens. A major example of this social inequality can be seen in the United States housing market or home ownership. A significant amount of studies, statics and data supports the evidence of social inequality within the US housing market or home ownership. The following passages will discuss social inequality in the United States as it is connected to Karl Marx’s theory of capitalism’s power and influence of the Elite Dominant i.e. the Ruling Class view as it relates to homeownership within the United States. Karl Marx’s theory however focuses mostly on economic s and the difference between upper and lower class not race. It is also important to point out that the Elite
The United States is the richest country on Earth. Free-market advocates promise this prosperity to span over all socio-economic classes, but it simply has not. The American middle class prosperity is a fantasy. Like my family, many middle-class Americans are facing massive inequality, jobs losses, and a continuous increase in the amount of debt accrued. While the United States is home to the most billionaires and millionaires in the world, the wealth of our middle class is ranked 27th globally. For decades their have been a series of economic and societal transformations leading up to the development of the middle class and the turmoil it has left families in, such as my own.
USA is a very big country with a lot of people and the social classes are very important. We can see that social class plays big part of people’s life. Everyday people are working, studying, trying to be better. Even though right now it’s time when everyone has many opportunities in his life, anyway there is a gap between classes and groups of people with same features. And your background probably will build your future. And we need to find what kind of class we have right now and look into these classes. The main idea is that Social Classes still exist and it’s most general part of U.S.A society. There are three reasons why gap between groups still exist.
People can not put on the news without seeing at least one story about social inequality or injustice, if everyone knows about these inequities why are they not being solved? Inequities are not limited to America, social inequity is a global problem making it extremely important to raise awareness of the topic. Inequities such as racism and sexism impact teenagers in America, but to counteract this persecution authors can use various genres of literature to promote tolerance and reduce the effects of inequities. Racism and sexism violates people’s rights in schools, the workplace, and almost every place in the world. Through the words of authors, society can learn the harmful effects of these inequities, and learn how
The film Inequality for All really opened my eyes to a huge and growing problem in the United States, and that is inequality. Our country functions best when it has a healthy and growing middle class. That hasn't been the case for the middle class in over 20 years. The problem that we have is that the rich keep getting richer and the middle class wages stay the same, and sometimes even get lower, causing the inequality percentage to rise. The movie stated that in 1978 the average male worker made $48,302 and the average top 1% made $393,682, and in 2010 that same male worker makes $33,751 and top 1% now makes more than 1 million dollars on average. The richest 400 people in the united states have more money than over half the population combined.