In the Midwest, middle class families tend to outnumber rich families. This could be one of the reasons that I used to be almost blind to one of the nation’s greatest economic problems. Most of my friend’s families were middle class like mine. I was ignorant to the fact that the wage gap between the wealthy and the middle class is increasing drastically. This problem came about over time, thus it will be difficult to find a proper solution. However, if policies are not put into place now, serious
Americans, believes that change is the only way to help close the ever-growing gap between upper class Americans and those who are middle class or below poverty level. In Krugman’s essay “Confronting Inequality” he addresses the need for change, and has several concepts for how to bring about equality. I agree with several of Krugman’s key ideas in his essay such as; higher taxes on the rich, raising the minimum wage, and unions.
has continued to grow at an unsettling pace. The rich continue to get richer, while the number of people categorized as lower class grows exponentially. As Joseph Stiglitz has explained, many theories that are seen as strongly Republican, such as the trickle-down effect, has caused the rich to take money from the poor, and as a result the lower class grows and the middle class disintegrates. The top 1 percent of America’s households currently holds 30 percent of America’s economy, which is much more
to get by. The middle class is not as prominent as the upper and lower class. This should be the other way around. There should not be so many cities with very wealthy neighborhoods right next door to low class, rundown neighborhoods, with little middle class households. Digging deeper, 47.6% of the money in the United States belongs to individuals that receive $98,200 or more (“Distribution of U.S. family income”, 101). The middle class should be much more noticeable with the upper and lower
its place in modern society. It is a dilemma that examines the gap between the low wealth of the middle-class worker and the profitable earnings of the monopolizing upper-class business owner. It is a socio- economic issue that can best explored through the lens of the conflict theory; thoroughly explaining as to how the wealth gap came to exist and the consequences of such an economic state on the interaction between the middle-class worker and the wealthy businessman. The conflict perspective
population, or countries in the world. “One-fourth of American employees make less than $10 per hour, which is the income that below the Federal poverty level” (Amadeo). Those are the people like cashier, waiters, or fast food clerks. There is a huge gap between rich people and poor people. The rich people are getting richer while the poor people are getting poorer. This is a serious economic challenge that the United States has been facing for a long time period. The income inequality in the United States
same things their parents did. Unlike the poor, the middle class has a lead way to both sides. They are far enough up the spectrum to work hard to reach the top or give up and hit the bottom and the upper class will always have the upper hand. The type of education a child receives in grade school determines where in the workforce they will be able to succeed, and how their success and wealth will be limited, thus leaving the large gap between the rich and the poor. The miseducation of the poor
asking myself "is there a wage gap between men and women, or blacks and whites, or middle class and upper class?" Most say "yes, there is." But I decided to do my own research and form my own opinion – a well-educated opinion. I 've watched and read a speech by Nick Hanauer called, Beware Fellow Plutocrats: The Pitchforks Are Coming. Plutocrats are the top .01% in the U.S. economy, literally the tippy top of the upper class, and seemingly the most hated group of the middle class. According to a Business
your social class. Since ancient time the society is divided into three class level. We are all familiar with the upper, middle, and lower classes. Every individual falls within the range in one of these classes. Equality among these social classes can never come to existence. I support Ehrenreich’s analysis because the rich will continue to prosper while the poor will always have to work ten times harder to provide for their necessary things and the gap between upper and middle class increases.
Framing Class, Vicarious Living, and Conspicuous Consumption, written by Diana Kendall, and in The Missing Class, written by Katherine S. Newman and Victor Tan Chen. Both of these excerpts go on to talk about how the media portrays a specific class only, and how many people are forgetting about the poor working class. Today media focuses on the rich and upper middle class. For instance, they focus one Donald Trump, who is running for president. Instead of the issue of raising the minimum wage for fast