The Importance Of Income Inequality

In today’s capitalist economy, where economic transactions and business in general is centered on self-interest, there is a natural tendency for some people to make more than others. That is the basis for the “American Dream,” where people, if they worked hard, could make money proportional to their effort. However, what happens when this natural occurrence grows disproportional in its allocation of wealth within a society? The resulting issue becomes income inequality. Where a small portion of the population, own the majority of the wealth and the majority of the population own only a fraction of what the rich own. This prominent issue has always been the subject of social tension

The issue of income inequality in the United States is complicated and does not have a definite answer. Income inequality can be measured in a few different ways. The first measurement for the income inequality in a country is to look at the percentages on households and group them into income categories, called distribution by income category. The second measurement for income inequality is called distribution by quintiles or fifths. This is when you divide the total number of people, households, families into five groups called quintiles to examine the percentage of total before tax income received by each quintile. Each quintile would then be ordered by income and households in the category.

Statement of Issue: Many minority children and children from low-income families enter kindergarten without the academic skills they need to succeed. Math and reading abilities at kindergarten entry are powerful predictors of later school success. Research shows kids who start school already behind are unlikely to ever get caught up to standards. Hispanic and African American children are anywhere from 7 to 12 months behind in reading and 9 to 10 months behind on math when they enter kindergarten. Access remains extremely low to high-quality early education do to a couple of problems. First, rates of access to early education vary widely as a function of children’s socioeconomic backgrounds. Secondly, the quality of most early education programs is not high enough to substantially improve academic readiness. Considering the tremendous potential for high-quality preschool to improve children’s outcomes, this policy brief will consider how a universal publicly funded pre-kindergarten program in the United States could decrease both disparities in access to early learning and achievement gaps at kindergarten entry.

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.

Income inequality is increasingly becoming a significant concern for many countries around the world. The income difference between the highly-educated, skilled, wealthy class and the poor, low to mid-skilled workers is growing larger and larger. In fact, the incomes of the rich are increasing significantly, while the low skilled workers’ incomes have been declining (The Economist, “Wealth Without Workers”). According to The Economist, real median wages have been decreasing since 2000 in half of the member countries in the Organisation for Economic Co-operation and Development (OECD). In the United States, there was a 4% increase from 1980 to 2012 in the share of national income that was distributed to the top 0.01% (The Economist, “True Progressivism”). Canada is facing a similar problem of rising inequality.

While readers may look at the statistics and reasonings, some will immediately entrust the author to provide them with accurate and meaningful information such that they are prepared to prevent the worsening of poverty in America. Reeves recognizes that the Brookings website audience is predominantly a large group of liberal democrats. Their passion to assist those in the lower middle class makes the author 's argument compelling and lends credence to Reeves 's position of separation of the classes. Our author comments, "Efforts to increase redistribution, or loosen licensing laws, or free up housing markets, or reform school admissions can all run into the solid wall of rational, self-interested upper middle-class resistance." The idea that the upper middle class can somehow impact the wellbeing of those less affluent can be very intimidating for many. The fear of separation amongst the classes may move his readers to action, and quite possibly stop the widening between the classes.

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).

Income inequality is one of the greatest problems facing the United States today. It is important for everyone to understand what this means and why this is a problem.

In “Income Inequality: The Public and the Partisan Divide,” Blendon and Benson explain the issue of income inequality and the need to address it. The importance of explaining this problem provides insight for the people who are not educated about the topic, hopefully triggering more public awareness. Blendon and Benson support their opinion by discussing that the two major political parties in the U.S. agree that income inequality is a problem that must be recognized, but cannot come up with a synopsis on how to take care of it. Also, they describe how different perspectives cause different ideas for fixing the issue. Blendon and Benson explain how partisan views towards the role of government are one of the perspectives towards how the income

The comparison between rich and poor people is a topic with an enormous gap. The bridge between the two is longer than most see it, and is increasing steadily. Michael Sandel wrote a book discussing his opposition to the market society in the United States. The focus of Sandel’s book lies within the title, What Money Can’t Buy. He believes that everything seems to be for sale and that we are a society that revolves around the idea of every person for themselves. Sandel also states that inequality is rising faster than ever. Even though everything is for sale in this day and age, that does not mean everyone is able to purchase whatever they want. Inequality comes in many forms like race, gender and age. Income inequality affects

The debate over whether income inequality should be an important topic in comparison to other issues that our nation faces. Income inequality an be defined as “the extent to which income is distributed in an uneven manner among a population (dictionary.com).”According to the Census Bureau who reported that there has been a “rise in income inequality in America, the gap between rich and poor in New York is getting worse (CQ Researcher, pg. 991)”. Right America has one of the largest inequality gap, in comparison to India and the African nation of Burkina Faso (CQ Researcher, pg. 991)”. This debate over income inequality has been inconsistent. Some do not see an issue with the way that money is distributed, while other see this issue as a major problem that our nation faces and strategies/ policies needs to be implemented to address this issue. I

In the essay, “Richer and Poorer, Accounting for Inequality” written by Jill Lepore, published in The New Yorker, on March 16, 2015, the author addresses the inequality of income and its correlation to opportunities for citizens in the United States. Ms. Lepore expounds the essay to serve her purpose of connecting with the reader in both a reasoned and emotional way. Effectively using the rhetorical strategies, logos, pathos, and ethos, the author brings this apathetic subject to the attention of the middle and lower class American citizens.

Early childhood education has many benefits and there is the potential for many significant outcomes if universal preschools were put into place. Some feel that children who start kindergarten without previously attended preschool sometimes lack certain skills such as social and communication skills and an inability to follow routines. There were also studies done that found attending preschool could help to close the achievement gap in the grade school years. A child’s first few years of life are most important, and they absorb the most during those years. By providing universal preschool, all children would be benefiting, especially those who are in at-risk families or part of the lower class. As a society, we have a responsibility to help the children in our communities and provide them with the education they need in order to help them succeed in life.

One of the social issues concerning power, status, and class in American society today is income inequality. The income gap between the social classes has increased drastically throughout the last few decades, creating a significant gap between the wealthy and the poor. This gap has become so large that the middle class has nearly diminished, creating a social class comprised of the rich and the poor. The significant gap between the two social classes is unhealthy for the economy because it provides too much power in the hands of those with high social status.

A major social problem in America today is its inequality of the distribution of income. "Income inequality refers to the gap between the rich and the poor. The United States has the most unequal income distribution in the industrialized world, and it is growing at a faster rate than any other industrialized country" (Eitzen & Leedham, pg. 37). The main reason as to why income is distributed so unequally is because of the gap between social classes.