Causes Of Income Inequality Across The United States

Words: 722

Pages: 3

Open Document

Essay 5 Income inequality can be seen across the United States. Some families struggle to put food on the table, while others have more money than they know what to do with. There are many factors that contribute to the income gap, but there are a few key causes. As technology has become more advanced, manufacturers have outsourced unskilled labor to other countries such as China. Cheap labor means lower prices for producers and consumers (Amadeo). The problem with outsourcing is that there are no jobs available for unskilled Americans. Today, most decent paying jobs require a college degree. Lower and middle class families often have a hard time paying for college, which means that they become poorer while the rich families become richer. …show more content…
Poor families are often living in crime ridden neighborhoods. These areas often have broken public school systems, and kids may lack a positive role model at home. Kids may think that college is never an option for them, and they continue in the footsteps of their impoverished parents (Geewax). Poverty is a vicious cycle, and without the right opportunities in school, it is nearly impossible to get out of the cycle. Another cause of income inequality is the fact that once you are rich, it is easy to become richer. Most families who are well off financially invest in stocks, real estate, and business ventures (Smith). With the right investments, people can gain massive returns on their investments. The lower and middle class don’t have extra money laying around to invest. They are more concerned with their day to day expenses like food and bills. Unfortunately, this creates a larger income

American labor history Essays

would like to start by stating a couple of facts stated on the website for the United States department of labor. “The federal minimum wage is $7.25 effective July 24, 2009.” Also, as stated in the lecture segment, “Since 1979 average hourly earnings for 80 percent of the country rose by 1 percent after inflation; while productivity rose by 60 percent. These figures have become a major cause for concern in the United States as statistics have shown that even today millions of people live under the poverty…

Words 1384 - Pages 6

Wealth Inequality In America

poor. The wealth gap is a major problem in the United States and can be solved through giving people the proper education, increasing the wealth tax, and decreasing the use of technology. These improvements can change wealth inequality due to improving society and education around the country. Over the past few years the wealth gap has increased by 63 percent and shows no sign of stopping. An important factor in the creation of wealth inequality is access to education. Education creates high…

Words 665 - Pages 3

Essay on ¬an Inevitable Consequence of Economic Growth Is Increasing Inequality

An inevitable consequence of economic growth is increasing inequality. Do you agree or disagree with the assertion? In the world we live in today, it is quite obvious to see that inequality is a growing consequence of economic growth. In this essay I will discuss how inequality affects states and the individuals living in the state. There are increased demands for educated workers; dependence of technology; privatization of markets; and the rise of capitalism which have led people to have drastic…

Words 1254 - Pages 6

Health Disparities

Health inequality and affordability have long been entrenched issues within the fabric of American society, persisting since the nation's inception. These issues are deeply rooted in disparities in access to healthcare services, resources, and opportunities, which have profound implications for individuals and communities. As we delve into understanding the historical context and evolution of these challenges, it becomes evident that addressing them requires a multifaceted approach that considers…

Words 1287 - Pages 6

Essay on Occupy Movement

York’s financial district. The protest was a stand against corporate greed, social inequality and the corrosive power of major banks and multinational corporations over the democratic process. The idea was to camp out for weeks or even months to replicate the kind, if not the scale, of protests that had erupted earlier in 2011 in Tunisia and Egypt. The group’s slogan — “we are the 99 percent” — touched a raw nerve across the nation. The 1 percent refers to the haves: that is, the banks and the mortgage…

Words 995 - Pages 4

Hunger In America Research Paper

Hunger in the United States is a pervasive issue that affects millions of people across the country. Despite being one of the wealthiest nations in the world, food insecurity remains a significant problem for many Americans. According to recent statistics, approximately 1 in 9 Americans struggle with hunger, including children, seniors, and working adults. This alarming reality highlights the disparities and inequalities that exist within the US food system, where access to nutritious and affordable…

Words 276 - Pages 2

Income Inequality In America

Poverty and income inequality United States of America enjoys accolades of freedom, opportunity and equality associated with success, hard work and leadership in the world today. Amid all these, poverty is an issue which cannot be overlooked even though the United States of America is a land of plenty. Income inequality contributes much to the poverty levels in the United States of America today. Blacks in the United States lag behind in every aspect of economic wellbeing such as home ownership,…

Words 1112 - Pages 5

Economic Inequalities In The United States

economic inequality since the early 1920's (DE silver, 2014). It is more difficult to change economic classes than ever before (Fitz, 2015). America has always been known as the land of opportunity, but is that still the case today? There are many things that affect Americans chances of being able to become wealthy or even have the opportunity to live conformably. Most Americans are unable to control the most significant factors that affect their chances of increasing their wealth and income. Two controlling…

Words 1890 - Pages 8

The Concept Of Space

connectivity. Internet allows people to purchase and sell products; it can be used to overcome distance. A example of space would be shipping off large quantities of manufactured goods from China to California than domestic transportation in the United States because of the relative distance measured in time and money. Place is define as a location in which physical and human landscape, cultural practice, social life and economic activities. This is importantly used in determining the resource that…

Words 1860 - Pages 8

Democracy In America Tocqueville

its economic state, then that country is unable to grow as a whole. Richard Dobbs, along with his co-authors of the McKinsey Global Institute Report, discussed the idea of income inequality in his article, Poorer than Their Parents? A New Perspective on Income Inequality. Dobbs analyzes this concept in regards to the decrease in America’s economic deterioration that over the last decade or so. Income inequality “is the unequal distribution of household or individual income across the various participants…

Words 1850 - Pages 8