The Issue Of Income Inequality Essay - 1496 Words

One of the most deeply divisive issues in the United States is the question of income inequality: whether it exists and whether we are obliged to address it. The â€Å"American Dream† ideology which permeates most aspects of our daily life, influences an automatic response to income inequality to be that those at the bottom are not working hard enough and that those at the top have earned their wealth through hard work. These perceptions of poverty and inequality limit productive conversation that can lead to meaningful change, which at a purely moral level, could lift those up who are struggling and at an economic level, could incite growth and increase consumer purchasing power. The United States is perceived as a land of opportunity and upward social mobility to those with sufficient work ethic. This is promoted by our media and subconscious cultural values. Data over the past several decades, however, indicates that the United States is becoming a less equitable society an d opportunity is shrinking due to social, economic, and cultural factors that perpetuate an insidious cycle. The inequality in our society must be understood and addressed as it has the potential to result in negative consequences for the economy and human population of the United States.. To begin, media representations of class perpetuate a public ignorance of the significant wage gap and the causes of poverty in the United States. In the 21st century, the media has a pervasive effect in nearly everyShow MoreRelatedThe Issue Of Income Inequality Essay1236 Words   |  5 PagesIncome inequality has slowly become an issue gaining momentum over the last thirty-five years, did we see it coming, I think so. It has always been an issues, only after decades of misleading political leadership spanning decades are people finally fed-up of being misled and lied to. The current election for the next president has brought about a voice of the American people to demand a change within our three failing political systems that govern America. Only this change, I believe is going toRead MoreThe Issue Of Income Inequality2307 Words   |  10 PagesThe issue of income inequality in the United States is complicated and does not have a definite answer. Income inequality can be measure d in a few different ways. The first measurement for the income inequality in a country is to look at the percentages on households and group them into income categories, called distribution by income category. The second measurement for income inequality is called distribution by quintiles or fifths. This is when you divide the total number of people, householdsRead MoreThe Social Issue Of The Income Inequality Essay1433 Words   |  6 PagesThe social issue of the income inequality In today’s modern world, as the technology has developed better daily, whereas the gap referred to income inequality between rich and poor still has not solved but has widened. Income inequality simply refers to the extent to which income is unevenly and unreasonably distributed in manner among a population. The inequality brings economic instability, but sadly most people are not relatively concerned about the wide inequality between classes. Ever sinceRead MoreThe Issue Of Gender Income Inequality1060 Words   |  5 Pagesthe issue of gender income inequality in terms of age. Gender income inequality can be described as the unequal treatment between men and women in terms of revenue, and has been an issue for women for a long period of time. 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Beliefs are blinding the majority of America when it comes to how money is distributed throughout the social classes and minoritiesRead MoreThe Issue Of Income Inequality And Minimum Wage1179 Words   |  5 Pagesbetter than that of China or India, money, or the lack thereof, is one of the biggest issues plaguing the Unites States of America. One of the key issues that have risen in recent times on the media is the widening wage gap between the rich and the poor, and the debate on whether or not an increase in minimum wage could solve the problem. While the whole nation would like to solve the issue of income inequality and minimum wage, the focus of this argumentative paper will be on the state of CaliforniaRead MoreCurrent Social Issues : Income Inequality767 Words   |  4 Pages 1) Why to study? Overview of current social issues - income inequality Unequal distribution of income has significantly impacted individuals in the global workforce. In particular, the maldistribution of wealth has lead to various issues in the US society as well, not only economically, but also psychologically. Prior research shows that lower income status is positively associated with exposure to stressors and negative life events (Lantz et. al, 2005ï ¼Å' Santiago, Wadsworth Stump, 2011) In otherRead MoreWhy Is Income Inequality an Important Issue for the Chinese Society and Its Future Economic Growth?2192 Words   |  9 PagesWhy is income inequality an important issue for the Chinese society and its future economic growth? Introduction Nowadays, China has become the second largest economy in the world. The GDP (gross domestic product) of china was growing at 9.7% per year in average since 1978, which the year of Chinese â€Å"open door† politic founded. China also has become the biggest producer and consumer in many key agricultural and industrial markets and the largest FDI recipient among the developing countries. TheRead MoreJohn Stuart Mill And Income Inequality1721 Words   |  7 PagesMill and Income Inequality Many great economic thinkers throughout history has offered various differing yet interrelated views and ideas that may prove useful to the analysis of current issues in modern economics. A persistent issue in the modern economy is income inequality whereby the distribution of income among the population is unequal. This means that the gap between the rich and the poor increases over time if the issue is not appropriately addressed. In exploring the issue of income inequalityRead MoreIncome Inequality : Not All Live Equal Lives1198 Words   |  5 PagesIncome inequality is a major issue throughout society in the United States of America, due to a corrupt and inconsistent economy that is displayed for individuals to suffer through. Those who are rich or poor in the United States of America should not all live equal lives. Yes, rich people benefit the most from income inequality, however they do not participate towards a fair level of taxpaying commitment, in comparison to those indiv iduals who live low or middle class lifestyles. Anger occurs frequently