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. Each social class has a certain power‚ and that power is their economic ability to
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Barack Obama’s administration has “focus[ed] all efforts” on the rising income inequality that is affecting the United States economy. Income inequality refers to the extent of unequal distribution of income across a population. According to Emmanuel Saez‚ an economics professor at UC-Berkeley‚ “U.S. income inequality has been increasing steadily since the 1970s‚” partly due to the rise of single-parent families‚ but mostly from a rise in demand for highly-educated workers following the post-industrial
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In Paul Krugman’s Confronting Inequality‚ we are warned‚ as citizens of the United States‚ of the damages of high and rising inequality within our country. The inequity being described is between the wealthy 1% of our nation and the 99% of the rest of the population. The author depicts America as a place where there is unclear economic progress for the middle class while the share of economic growth in the past 3 decades has gone to the wealthy minority. Krugman‚ next describes the damages to our
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Poverty and Income inequality affects our relationship with other people from a different race. Any conversation of collective class and flexibility would be inadequate without having a discussion of poverty and income inequality. According to Dr. Larry Griffin‚ a professor at University of North Carolina at Chapel Hill: In 2005-06- “13% of white Mississippians were poor (national average is 12%) and 43% of black Mississippians are poor (national average is 33%)”. Although‚ other estimations of poverty
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Does Inequality Matter? The economic gap here in the United States is a great deal wider than in any other rich democratic nation. Why is there such a difference here in the United States? The most important reason for economic inequality in the U.S. and not other countries is due to the United State ’s particular economic policies (Christopher Jencks‚ "Does Inequality Matter?" Daedalus Winter 2002). Let ’s look at economic policies of rich democracies that do not have such a huge economic
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INCOME INEQUALITY IN THE UNITED STATES OF AMERICA Still to date‚ the problem of income inequality is an issue of a great importance for million of African-Americans and others who struggle to improve their quality of life. It must be known by now‚ that economic injustice has had a devastating impact on black communities all across America. Issues such as inequality and racial discrimination in education‚ the social environment‚ and economics have gone on for too long‚ and it has been engraved
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knowledge of the term ‘Inequality’ and the examples and effects of this seen in the DVD “Making Social Lives: City Road”. The term inequality has many different meanings‚ however in the context we are looking at the term we know the definition to be; The difference people and societies and the division of income‚ rights and social acceptance. There are many examples of inequalities in the DVD “Making Social Lives; City Road” these are examples of Inequality in economics‚ social aspects and personal
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entrepreneurs. The general public tend to think that poor people are generally poor because they are lazy and unwilling to work. This is based around the idea of income inequality‚ where Americans believe that the more effort someone puts to find employment and completing their job‚ the more money they will make in the long run. But is income inequality truly the reason why there are so many
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Inequalities in Health Appraisal Inequalities in health have many factors but these can be argued against as to whether they are the actual cause. Social class is a factor‚ along with region‚ age‚ gender‚ ethnicity etc. Measuring the impact of social class is difficult because social classes have changed over the years‚ eg) working class living conditions have changed‚ and there is a delay in the onset of diseases‚ eg) Asbestos related illness. (NICE 2009) However the Black Reports (1980)
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The United States is a capitalistic nation‚ which is a normal phenomenon to have a wealth inequality. Otherwise‚ it would be a communist nation. However‚ when the wealth gap is too wide‚ there would be a big problem‚ such as the working class people are not able to afford their shelters and foods. Capitalism is known as an economic and political system in which a country’s trade and industry are controlled by individuals rather than the government. In other words‚ capitalism is a system that the
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