Why The Rich Are Getting Richer Summary

The gap between the upper class and the lower class is growing; the rich are getting richer and the poor are getting poorer. Instead of helping the lower class, the upper class is spending their money on fancy houses and material objects. For example, in the outskirts of cities, the rich business owners are building large mansions to live in. On the other hand, the lower class live in tiny tenements in the heart of the city. Many are unemployed and starving. In addition, between 1865 and 1900 only a small percent of Americans grew wealthy showing that wealth is only being passed through families not gained. However this growing gap between rich and poor has allowed the growth of the middle class. This middle class made up of doctors, lawyers and other will help the will hopefully help lessen the gap between

In 1879 Henry George wrote an article titled “Progress and Poverty”. In this article he discussed the ongoing industry and he stated that “the wealthy class is becoming more wealthy; but the poorer class is becoming more dependent.

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.

Reich starts his exordium with a distribution of where American workers found themselves in the early 1990’s in reference to where almost all American workers were just 20 years before. Reich placed most of the workers that contributed to the economy during the Nixon administration as being in one boat, analogous to the famous quote by G.K. Chesterton, “We are all in the same boat, in a stormy sea, and we owe each other a terrible loyalty.” Under Reich’s distribution you were still in a lifeboat, but the sea state and your future could be rough or smooth sailing depending upon your chosen profession. To which boat one found his or her self was directly related to how

In the novel This Changes Everything: Capitalism vs. the Climate, author Naomi Klein argues that climate change is an inevitable crisis leading toward disaster. She discusses the urgent need to shift towards renewable energy and the need to move away from a "savagely unjust economic system,” that has led our economy towards to extractivism(15).

(An Analysis of Why The Rich Are Getting Richer And the Poor, Poorer, by Robert B. Reich)

During the first stage of labor cervical effacement and dilation occur. This stage begins with the appearance of true labor contractions and end when the cervix is completely dilated at ten centimeters and the cervix is completely effaced at 100%. This stage accounts for the longest duration for both nulliparous and parous women. The first stage of labor contains three sub phases the latent, active, and transitional phase. The latent phase occurs from the onset of labor until the cervix is dilated to about three to five centimeters. This stage will vary in length among different women. The fetus changes position and cervical effacement are also occurring during this phase. The woman is usually excited and sociable during this phase. The active phase occurs when the cervix begins to dilate more rapidly and is dilated to between four and six centimeters. The slower the transition between the latent and active stage the safer the delivery, this doesn’t usually happen in spontaneous labor. This phase continues until the cervix is dilated to about seven or eight centimeters. During this phase the fetus internally rotates and comes down into the pelvis. The women’s discomfort is usually increased in this phase as the pace speeds up. The transitional phase occurs when the cervix is dilated to seven to eight centimeters until it is fully dilated. Bloody discharge usually increases when the cervix is fully dilated. The transitional phase is short but very intense, with strong

In the book by Jacobus, A World of Ideas, Robert Reich writes the article, “Why the Rich are Getting Richer and the Poor, Poorer”, and he uses a metaphor to describe the three economic groups that are now in different boats. He compares how the routine producers’ boats and the in-person servers boats are sinking while the symbolic analyst is rising. He also discusses how immigration, and technology competes for the job of routine producers and in-person servers while the symbolic analysts are in such great demands. Robert Reich is correct about the symbolic analyst have the potential to become wealthy and it is expected for them to have high level education and job experience: for example, being a student is considered as an in-person server but taking high education, such as nursing, will make them be identified as a symbolic analyst.

In the book by Jacobus, A World of Ideas, Robert Reich writes the article, “Why the Rich are Getting Richer and the Poor, Poorer”, and he uses a metaphor to describe the three economic groups that are now in different boats. He compares how the routine producers’ boats and the in-person servers boats are sinking while the symbolic analyst is rising. He also discusses how immigration, and technology competes for the job of routine producers and in-person servers while the symbolic analysts are in such great demands. Robert Reich is correct about the symbolic analyst have the potential to become wealthy and it is expected for them to have high level education and job experience: for example, being a student is considered as an in-person servers but taking high education, such as nursing, will make them be identified as a symbolic analyst.

My family has gone on many vacations, but the vacation to Cancun over Thanksgiving is the one I will always remember. My grandma took our whole family on a vacation to Cancun. There were many interesting events that took place on this trip that I will always remember. Every morning waking up to the amazing view of the ocean with the waves roaring to shore. We would spend our days hanging out by the pool and riding the massive waves at the beach. Playing basketball in the pool with the family is a circus trying to score.

Americans today live in a distinctly unequal society. Inequality is now wider than it used to be in the last century, and the division in income, wages, and wealth are broader than they are in other developed economies of the world. Wealth inequality is the imbalance of wealth or income within a society, and it is one of the most vital economic challenge the US is facing today because the distribution of wealth is more dispersed, making the inequality in wealth distribution at its highest. While the matter has been discussed for many years, the actual income disparity in the U.S. has heightened and is now verging on an extreme gap that portends to impede long-term economic growth. The huge gap between the wealthy and poor is squeezing the U.S. economy, the wealth gap threatens economic growth by diminishing social mobility and producing a less-educated workforce who are not able to compete in the global economy. unrestrained level of income inequality causes political pressures, it discourages trade, investment, and hiring. The present level of income inequality in the U.S. is shrinking GDP growth, and the world's largest economy is struggling to recover from the Great Recession.

Middle-class workers can no longer compete for the those positions of high rank as the education becomes too expensive and too strenuous, therefore they must maintain their current position or risk falling victim to poverty. Following generations are further affected by such a cycle; those born into wealth inherit the private property, but those who are born into the low-income family have less opportunity to overcome the existing gap.

The axis of inequality that will be focused throughout this paper is the social class. Social class is defined as a group of individuals who are categorized according to class (i.e. poor, middle, and upper) due to their income, wealth, power, and occupation. Social class is socially constructed by the way we view how much income and wealth a person possess (Ore, 20011a, 10). In reality it is much more than that. According to the text, poverty is not only the shortage of income, but it is the rejection of opportunities and choices that leads a person to a standard way of living (Ore, 2011a, 10). Stereotyping also contributes to it being socially constructed. These stereotypes influence us by defining who is who based on their principles in each class category. This can cause some to feel worthless.

In other words, America has a widening gap between its wealthy and poor. As the rich get richer and the poor get poorer, there is a problem emerging: the disappearance of the middle class. Low-wage workers continue to fall behind those who make higher wages, and this only widens the gap between the two. There has been an economic boom in the United States, which has made the country more prosperous than it has ever been. That prosperity does not reach all people; it seems to only favor the rich. Rising economic segregation has taken away many opportunities for the poor to rise in America today. The poor may find that the economic boom has increased their income; however, as their income increase so does the prices they must for their living expenses (Dreier, Mollenkopf, & Swanstrom 19).

The idea of social inequality dates back since the time of our founding fathers. The mistreatment and unlawful equality and opportunity that these foreigners received became embedded into our history—this endless list includes, just to name a few, the Irish, Chinese, Jews, and most notably the African Americans (Blacks), who became slaves to the American people. Here in the United States, the current social class system is known as the class system, where families are distributed and placed into three different existing class—the upper class (wealthy), middle class (working), and lower class (poor). Since then, improvisations have been worked on into the class system, establishing now roughly six social classes: upper class, new money, middle class, working class, working poor, and poverty level. Social stratification is a widely common topic of debate because there have since been many arguments and debates on this controversial situation of social inequality and how it relates to social class and social mobility. According to Economist Robert Reich, he states that "The probability that a poor child in America will become a poor adult is higher now than it was 30 years ago..." (Reich, par. 5), meaning the given amount of equality, opportunity, and support that these struggle families obtain have gone mainly unnoticed by the government that it has gotten worst. The constant uproar of social inequality and injustice that these middle and lower working class families stem