Income Inequality In The United States: Article Analysis

Income Inequality is a major problem that has been going on in America for decades. Many people feel that it barely exists today, but those people are very uneducated and don’t really care about the huge problem in front of them the many people that feel that way are highly uneducated, and seem to not really care about which has been gradually increasing instead of decreasing. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education. One says poor class, simply because that’s how they’re classified. There are five types of levels that Americans are classified as, and they are: Upper Class, Upper Middle Class, Middle Class, Working Class, Poor. The highest percentage of Americans fall in the Poor department, and it has been that way for decades, and will continue to be that way for decades to come.

This article titled "How income inequality hurts America” written by Steve Hargreaves explains the thesis statement itself. On the other hand, he states it’s not just income equality but it’s also lifespan inequality, education inequality, and declining economic growth, which refers to the graphs shown above the starting paragraph. Mr. Hargreaves then points out a fact that the rich are getting richer, while the poor and the middle class are falling behind. Another fact concerning this issue is the 400 richest people outnumber the wealth of the bottom 150 million put together.

“The 0.1 percent in the U.S. today account for more than eight percent of the national income” (Freeland). Economic inequality is also known as income inequality, and it has always been a problem. The gap between the rich and the poor is growing wider and wider because wealth grows faster than the economy according to Thomas Piketty, and people are not able to move up through economic classes according to Paul Krugman. Economic inequality is a problem that can be overcome with raise the minimum wage, expand welfare benefits, and provide higher education.

The concept of working hard and being able to earn a livable salary in order to support our families, maintain a household and eventually save enough to retire would be great for many but unfortunately, many people cannot achieve due to low income. Income inequality refers to the uneven distribution of income and wealth between the social classes of American citizens. The United States has often experienced a rise in inequality as the rich become richer and the poor become poorer, increasing the unstable gap between the two classes.

There are a different amount of social factors that play a role in the rising income inequality. One of the most prominent is marriage trends. The degree of “associative matching,” or marrying someone who has had higher education when you also have had a higher education has increased over the past few decades. The gap between the incomes of highly educated couples and less educated couples has been continuously widening since the 1960s. More married women with college degrees are entering the workforce and further increasing incomes of well-educated couples. Higher income inequality leads to

In the United States, income inequality is obvious and widespread. Presidential candidates realize income inequality will be a major point of any presidential campaign. The major civil rights issue of today is income inequality. Such a large misdistribution of wealth has likened modern economics to slavery. Lower-income workers are forced to work longer hours at a stagnant wage to maintain consumption. On the other hand, to say that the super-rich are beyond fairly compensated is an understatement. The top 10 percent of wage earners received 48.2 percent of total earnings in 2012. The super-rich make the rules of the game (laws) favor the rich. Those with large wealth control the decisions that affect employment, wages, and benefits through

In every country around the world you can see some form of inequality. The United States is not the only place in the world where people are living in an unfair social system. Inequality can span from racism, sexism, sexual orientation, where you live and how much income you make. You see in the U.S you are placed in a social class based on the amount of money you make a year. There are 6 different social classes in this country that everyone is placed in. Upper class, New Money, Middle class, Working Class, Working poor, and Poverty level. The two most important social classes in my opinion are the Upper Class and the Poverty level. Being in the upper class

Income inequality is the defining issue in this country today; income inequality is an economic danger in the United States, increasing and becoming permanent, reducing social mobility in the U.S. The income and gap between the wealthy is produced by the number one reason for the low and slow economy. Corporations and the top 1 % are hurting the economy and do not seem to comprehend that the flow of wealth is what gives them the chance to make more. Corporations should be hiring more to get more into the flow so that the economy can come back to

There is a key reason why no politician wants to talk about income inequality they are blamed of driving a class warfare argument. The phrase class warfare is so toxic, the President actually had to stop talking about the thing, he describes as, “ the fundamental threat to the American dream”. President Obama gathered a group of historians and told them, “...help me find a way to discuss the issue of inequality in our society without being accused of class warfare.” Just

Robert Reich explained to us, "Income inequality is inevitable and is essence of capitalism, but when the gap became too much, then it became a problem to the society. Today, the United States has the most inequality distribution of income of all the developed nation, the richest 400 Americans had more wealth than the bottom 150 million people put together"2. First of all, income inequality exist everywhere, it is not a problem for itself. Because of the income inequality, poor people know the life difference between people, then they will work harder and harder to catch up to get rid of poor, and to have a better life. The income inequality is a good thing when it is not much for is the source of power that make people to improve themselves.

If the wealth of U.S. citizens was like a pie, a very small of amount of people would own a large chunk of the pie. In 2007, 1% of U.S. citizens own 21% of that pie ¬¬1. The average income then for the 1% was $983,896 and for the top 0.01% of earners was $17,179, 318. Including their capital gains, these two groups averaged $1.2 million and $29 million, respectively (Picketty 2007). In 2014, the U.S. Census Bureau reported the average household income in 2013 for the bottom 20%-80% of earners was $11,651-$83,519, while the

Throughout the history of American society which operate under a capitalist economy there has been constant a strife between the wealthy upper class and the less fortunate lower class, causing an gap between the two. This natural income inequality has become much greater in the last decades and is starting to harm the economy and society. As Robert Reich said in the movie “Inequality for All” :“Some inequality is inevitable. Look the question is not inequality per se. The question is, when does inequality become a problem?”(Inequality for All).

Depressions, wars, and other losses have contributed to the rising of inequality across America in the recent years. The middle and lower social classes have not recovered as quickly as the wealthier classes have. The rich continue to rise above the rest of the nation, continuing to increase the social gaps from the lower classes. Today inequality is what society is used to, and it will continue to get worse if this trend spreads, and is not

There has been a debate about the income inequality. Some people stand by that the rich are richer and the poor are poorer. As the evidence of it, the rich have large part of the social resource than before, so that the poor have less and less part of community resources. On the other hand, the opponents people argue that the poor are richer. Compared to previous, the society has much more resources. Even the poor people have less part of resources then before, they actually have more. The debate has been going on for years, and both side of the argument are justified. The fight will continue, but both side of the debate believe that income inequality is exist. Most people don’t like the income inequality, and thinks it will hurts economic

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.