Preview

Robert Reich Inequality For All Summary

Good Essays
Open Document
Open Document
485 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Robert Reich Inequality For All Summary
In the documentary “Inequality for All,” Robert Reich asserts that while some inequality is inevitable, the United States needs to focus on making people less unequal by decreasing the wage gap and making a more stable economy; furthermore, he provides eye-opening facts that allow for me to understand how much this inequality will impact the cost of my future education. All throughout history, the middle class has fallen deeper into debt in order to maintain their living situations. Since the middle class has to ration their money, they cannot afford the products that are being made. In addition, the rich do not spend enough of what they make, so not enough economic activity is generated. Other topics that impact economic growth are globalization …show more content…
I always knew that college would be expensive because I always planned on going to a 4-year university, but Reich really opened my eyes to why it would cost so much. He provided facts and cause and effect relationships between the workforce and education that helped me truly understand why my future education would be so expensive. This documentary saddened me because I believe that education should be a priority in a developed country, such as America. However, that is not the case because skilled workers are becoming less needed everyday. Technology is very important to a country’s growth; however, I believe, similarly to Reich, that producing knowledgeable citizens is also important. The documentary, overall, made me worry about my future. I worry that the tuition costs will just keep increasing and I will be in a lot of debt when I am older. However, Reich lessened my worries by saying that history is on the side of positive change. This final message, unlike the rest of the documentary, really left me with a positive lookout for, not only the future of the economy, but for my future education as

You May Also Find These Documents Helpful

  • Good Essays

    In Robert Reich’s video “Inequality for All,” he introduces how the wage inequality has been established over the years and identifies the possible underlying causes of the current wage gap among America’s economical hierarchy. I believe that Reich utilized the argumentative strategy of logos very well throughout his call to action. He provided statistics and credible research to help support his argument. I think that it is important for today’s students receiving an education to realize that although college degrees do not guarantee success, they are able to put you at a higher value to future employers. If you receive education relating to the work field you hope to go into, you will most likely be more successful in that field than if…

    • 401 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Inequality for all discusses the economy and how the income gap between the rich, poor, and middle class is widening. The former labor secretary Robert Reich is the spokesperson throughout the movie. The movie takes place in the wake of the 2007-2008 financial crisis when income inequality started to stand out.Inequality for all brings awareness to how large the widening income gap is in the United States between the top 1% and the rest of the society. Inequality for all share how the economy has increased but most of that profit has gone to the top 1%. These top 1% include people such as CEO’s and venture capitalists who have gained control over the society and rely on the low and middle class to keep the economy going. A large part…

    • 187 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    He also states that “60 percent of all new jobs and 40 percent of manufacturing jobs will require a postsecondary education” (625) of any form as well. Over the past couple of decades, the United States has held the enviable title as the leader in educational attainment. “However, in recent years, we have fallen back to tenth behind other nations in the percentage of young adults with postsecondary education. In order to match such nations as Canada, Japan and South Korea, the U.S. will need to produce around 63.1 million degrees by 2025. At the rate we are going now, we would fall short by 16 million degrees” (626). This evidence helps the author persuade the reader by allowing them to see how the United States is no longer top in the world and how we can get back to the top in percentage of adults educated. This fact can be motivating because of the United States’ great national pride and the need to be the best in the world in every possible aspect. It is also important to note that the American people are very resilient and will do almost anything to stay…

    • 1246 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Borstelmann notes, “The gap between rich and poor grew wider, startlingly so at times, and the bulk of the vaunted American middle class saw its economic security begin to slip away” (Borstelmann, 306). With the U.S. economy during the time period placing a premium on education, college graduates and those with advanced degrees saw their income rise. At the same time, due to globalization, lower numbers of unionized workers, and higher divorce rates, workers with high school diplomas saw a drop in their income while political leaders sat by and did nothing to mitigate this growing trend toward inequality. The U.S. had the most uneven distribution of wealth of any industrialized nation, where poverty rates reached 15 percent in 1994 and remained at 13 percent in 2008. Borstelmann notes “the rate was 18 percent for minors; nearly one in five American children were growing up in poverty in the new millennium” (Borstelmann, 308).…

    • 1719 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Robert Solow Thesis

    • 1309 Words
    • 6 Pages

    Solow explains to us why he thinks inequality is a critical issue for economic growth and why he believes policy makers should care about equitable growth. Incoming inequality effects both the production and the supply side of the economy. Since one side puts an end to economic life and lots of human resources, people at the bottom of the economic industry don’t get all the resources that higher class economic industry would get. Solow believes it would be a shame because of all the talent underclass people have doesn’t get seen as much as higher class people. On the other hand, it is also true that building up and increasing inequality tends to hollow out the tribute institution which would case us to lose the solid middle-class jobs and income we need to keep things going around.…

    • 1309 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Blinder begins his argument by describing how the labor market has changed over the past few decades. Today, a college degree is something that is considered necessary for getting a good and well-paying job. In contrast, thirty years ago, many jobs were filled with high school graduates or even high school dropouts. Blinder states that this shift is thought to be a main cause of income inequality, which means that now, the lower skilled and uneducated workers face a big disadvantage (441). During the 1990s, a few steps were taken to fix this problem, like raising the minimum wage. In this decade, there has been a push to send more kids to college and further educate them. As we look forward to the future, however, the issue is not with education…

    • 161 Words
    • 1 Page
    Good Essays
  • Good Essays

    Paul Krugman’s “The Uneducated American” challenges the lingering perception of America as a frontrunner of the world’s educational systems. A place where a primary education free to all is seen as vital, and a higher education is easily attainable for the majority of its populace. However, Krugman asserts that though these acclaims were once well warranted, it has become glaringly evident that we have fallen behind, quoting the fact that not only are Americans less likely than many other countries to graduate with a college degree, but that we are in reality below average in our number college graduates, when stacked up against all other countries with advanced economies. Leaving us with the question of what happened? Krugman allocates this…

    • 249 Words
    • 1 Page
    Good Essays
  • Better Essays

    Economic inequality is more relevant than ever. Smart kids are not able to get the education they deserve simply because of their parents income. High school students that live in a poor area don’t have quality public schools to go to, while the kids in a wealthy area have better schools. This inequality is seen in college as a huge problem because kids who are geniuses cant go to college due to them not being able to afford it. Two authors of two different articles discuss these issues, which are “Why Education Is Not an Economic Panacea” by John Marsh and “For Poor, Leap to College Often Ends in a Hard Fall” by Jason DeParle. Both Authors attempt to persuade his audience, but one is more successful than the other. Jason DeParle is more effective in accomplishing his persuasive purpose of making the reader believe economic gap is growing due to him using more evidence to support his point, discussing where the beginning of economic inequality starts, and having a heart breaking college story that people can relate to more.…

    • 943 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The New England colonies include New Hampshire, Massachusetts Bay Colony, Rhode Island, and Connecticut. The Chesapeake colonies include Virginia and Maryland. These colonies were primarily settled by the english, but in about one hundred years later the New England, and Chesapeake colonies have became very different. These two sets of colonies have very different social, economic, and political structures.…

    • 472 Words
    • 2 Pages
    Good Essays
  • Good Essays

    “Graduating with six figures ' worth of debt is becoming increasingly common.” (179) In the essay “Are Colleges Worth the Price of Admission” Andrew Hacker and Claudia Dreifus discussed about how the price of college education is increasing, while the quality of some teachers is decreasing. Hacker and Dreifus gave tips on how to make college education successful. Hacker and Dreifus included the tips they discovered including money, faculty-student relations, classes that should be taken, graduate schools, and teaching techniques; the two also visited schools across the United States from University of Mississippi to Western Oregon and figured out what those schools were doing right to have a good success rate.…

    • 959 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In 2013 studies showed that 19.9 million people were enrolled in college, in comparison to 1990’s 13.5 million (College Education n.p.). Why is that? Well, with recent inflation, one can’t be too surprised. Though it is a wonder that people continue to attend college, when people like Kevin Carey seem to believe that the reason college costs so much is that because most universities are for-profit, and that the degrees that they give out are nothing more than scams. Dreifus and Hacker also seem to believe that most colleges just aren’t worth the money students…

    • 2185 Words
    • 9 Pages
    Good Essays
  • Good Essays

    Leonhardt writes that education is a form of capital that does not necessarily require money, this form of capital can bring in large amounts of income. He argues that an increase education quality would put the lower classes and middle class a foot ahead and give them more capital to increase income. The author is correct on his idea that education is a major capital, this is especially shown in the recent study by political reporter, Daniel Kurtzleben who found that there is a median pay gap of 17,500 dollars annually between college and high school graduates. I do disagree with the author on his idea that increasing education quality will lower the income inequality, this is due to the fact that the wealthy will always be able to afford higher education and offer far more knowledge based capital than the U.S. government can. The wealthy are also able to easily afford private schools that allow easy admission to ivy league schools, which the wealthy can also afford. This type of education gives a huge head start in the job market and is what many jobs are looking for when hiring. The government has yet to provide free college education which is what many people can not afford, and is almost necessary to acquire a well-paying…

    • 827 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Tamara Draut, director of the Economic Opportunity Program analyses this issue through personal experience in her essay “The Economic Crunch”. In this essay Draut claims that college is more of a vice than a reward and believes it's the lack of funding that caused this. Meanwhile, Anya Kamenetz, a recent Yale graduate, observes this issue from her own perspective in her essay “Waking Up And Taking…

    • 1245 Words
    • 5 Pages
    Better Essays
  • Good Essays

    “It’s just extremely disappointing and aggravating to have paid all that money and have nothing to show for it other than debt.” proclaimed Michelle Polyakov, an English graduate from Drake University. Polyakov obviously feels that college is not worth the cost and that all someone has to show for the education is debt. College has been deemed, by some, that it is not worth the cost because of the financial loss, the future job security, and the need for “blue collar” jobs. Finances, job security, and the need for manual laborers are all major factors in the debate of college and its cost. The reason being is because not all people are meant to go to college, or their situation just isn’t ideal. College is a privilege, and not every job requires you to have a higher form of learning, but most do. By viewing the debt of a student after graduation, the job security of graduates, and the need for manual laborers, one can infer that college is not worth the cost.…

    • 955 Words
    • 4 Pages
    Good Essays
  • Good Essays

    America has so much potential to rest its poverty rate, provide healthcare to all Americans, and more if it enables all its inhabitants to reach a higher education with no worries of having an extreme amount of money to pay off. If America gives all its children the ability to reach their given potential, America itself can reach further and extend its own potential more than it ever has. One step to finding a solution to this problem in America is to first of all address the growing costs of college and express how unaffordable it is for a good amount of families and individuals. America has grown itself to be very concentrated and obsessed with the thought of money. Many students may be enrolled in college but then they come out of college, along with the loans they put down, now are unable to even get well-paying jobs, as the institution was focused on taking the money and not on the outcome that matters-opportunity. Another step to making college more affordable for every young American, the United States must require all colleges to provide financial aid to the ones who need it the…

    • 460 Words
    • 2 Pages
    Good Essays