Income Gap Among American Workers

2155 Words Apr 11th, 2016 9 Pages
There is an income gap among American workers that prevents the economy from growing and divides the country based on how much money they make. In 2012, a person or household earning over $392,000 a year was considered to be in the nation’s top 1 percent of earners (Stewart). Equal opportunity motivates people to work hard to earn a lot of money. As a result, a gap between the rich and the average worker formed. This gap has continued to grow over the past three decades. Right now the income gap is the largest it has been in the past 100 years. The country’s richest 400 people, determined by Forbes Magazine, have a larger combined income than the bottom 60 percent of America (Kertscher). The income gap only allows those with a high income such as CEO’s, politicians, or lawyers to have power and influence in the country (Rugaber and Boak). The difference in incomes is a problem since the economy can’t progress and the middle class is harmed.
The income gap is so wide that if nothing is done to equalize incomes, the issue could become irreversible. Middle and lower class Americans are negatively affected by income inequality since a small portion of workers hold the majority of wealth. The economy cannot grow properly. It is destructive to society that the top 1 percent earns hundreds of thousands more than the average American worker. In 2012, a study found that CEO’s make 380 times the salary of a middle class worker (Liberto). The gap separates the economic classes even…

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