Zingham Swot Analysis

In the United States, high standard of living is not equally shared with in the Americans. The 1970s and 1990s was period where economic inequality began to grow. Emmanuel Saez, an economics professor at UC Berkeley has been doing a research for the U.S. income inequality. He states that there has been an increase since the 1970s, and has reached levels that have not been seen since 1928. “In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution, by 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades. But starting in the mid- to late 1970s, the uppermost percent income share began rising dramatically, while that of the bottom 90% started to fall.”(DeSilver) Ever since then, economic inequality continues to increase, especially in the last three decades.

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).

Wealth inequality in the United States has grown tremendously since 1970. The United States continuously reveals higher rates of inequality as a result of perpetual support for free market capitalism. The high rates of wealth inequality cause the growing financial crisis to persist, lower socio-economic mobility, increase national poverty, and have adverse effects on health and well being.

2. Provide global customer support It would serve the customers better and it would be very convenient to those customers in other countries to ask for help. This would help the company to gain a better image due to the provided services to help the customers.

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.

“Growing Apart: The Evolution of Income vs. Wealth Inequality” written by Michael Cragg and Rand Ghayad is an article about how wealth distribution in America has dramatically changed within the last three decades and how it has become one of the most political and economic trends in this nation. The main priority of the article is that it talked about how the wealth and financial statues in the United States has favored in the upper class and has opposed the middle and lower class within the last three decades. The first subdivision talked about how income inequality and wealth inequality are both different and how wealth inequality has a bigger negativity on the United States economic growth. The second subdivision talked about how if the

Income inequality is a big ongoing problem in the United States. It has a big effect on what America was all about, the American dream. The American dream that everyone is equal and has equal opportunities. Although a big part of what goes on in the Untied States that just doesn’t fit the American dream; women are unequal in the work place. They are put under what is known as the “Glass Ceiling”. Women do not get promoted in the work place and aren’t getting equal pay as men. This also leads to wag gap between the men and women. Both create income inequality for women and affect their American Dream. There is a long history of women having to deal with the “Glass Ceiling”. Over time woman have made progress but more progress is

Robert Reich explained to us, "Income inequality is inevitable and is the 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 nations, the richest 400 Americans have more wealth than the bottom 150 million people put together"2. First of all, income inequality exists everywhere, it is not a problem for itself. Because of the income inequality, poor people know the life different between people, then they will work harder and harder to catch up to get rid of the 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 makes people improve themselves. However, the data show that the income gap is too huge now, the income distribution is extremely unfair. 400 people have more money than the half of the nation, so now the great income inequality disturbs social inequality. Gregory Mantsios wrote "Class in America-2009", he provided some examples from the rich, middle class and poor family to discuss the different life condition of the different class in America. Mr. Mantsios state, "Despite what we like to think about ourselves as a nation, the truth is that

In Robert Reich documentary “Inequality for All” he makes a compelling discussion about the serious crises that the United States faces due the widening economic gap. He looks to raise awareness of the U.S. economic gap between the rich and poor. According to Reich the widening divide in America is real and growing. Income levels at the middle and labor class is stagnant and are at it’s lowest levels compared to upper class incomes since the beginning of WWII and is growing wider each year. Reich suggests that the economy runs more smoothly when the middle class has jobs with fair wages, when unions are strong, and when middle class workers have some extra money to spend if possible when the government uses the tax policy properly and when it raises the minimum wage regularly to control the income gap between labor and management. In other words Reich argues that economically healthy middle and labor class equality is the foundation of a thriving economy and is necessary to maintaining a sound national infrastructure and educational system within

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

Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response. (Hint: Your firm’s price must cover average variable costs in the short run and average total costs in the long run to continue operations.)

The middle class is vanishing from the social scale. The middle class is slowly vanishing in areas across the country affecting communities and cities from San Diego to New York . From 2000 to 2014 the share of middle-class households dropped. “Housing and cars are growing like wildfire, leaving home ownership to only the wealthy.”(Johnson 5). Areas examined in a new government data. We see that the middle class is shrinking because people are getting too rich to really be considered to be in the middle class any more. the upper middle class has expanded from about 12 percent of the population in 1979 to

Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted

First, the increased income inequality in the United States is due to increasing problematic issues in the education sector. Education plays an increasingly vital part in the economic success in the United States as technological transformations and globalizations increase. A weakening middle class leads to decreased improvements in the education system, while a stronger middle class leads to increased

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.