Saturday, June 1, 2019

Inequality of Wealth and Income Distribution in America Essay -- essay

Inequality of Wealth and Income Distribution in AmericaEvery American dreams of purpose a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come. Most Americans hope to find just about way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury. In our society, a good portion of the world is forced to hold the base of our country in place while hardly being redeemed for their time and effort, and thus the problem of income disparity. Numbers of these hoi polloi live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the look upon of their time at work is negligible. Some may heretofore sacrifice happiness at work to find a job that pays better simply because they cannot make ends meet at their current job. Some tidy sum sacrifice their sanity and eventually their life just to keep from going under fin ancially. Segregation in income diffusion is another cause of these problems, such as that with women or African-Americans who make less than other classes comparatively. In contrast, actors and actresses make millions in the entertainment industry, an industry that grosses hundreds of millions of dollars a year creating what adds up to be the same miscellany of entertainment most people could get out of watching their children play sports or sing in a choir. The question then is how to find the value of work and time in our society and what should determine income. Positive reasons for income inequality are hard to find. One reason is the incentives there are to achieving higher stipulation of income. You are regarded as successful in the eyes of your peers, and if you financial security is achieved, your life can be a lot less stressful. It is the pursuit of these incentives, this winsome of greed, which keeps the economy running strongly. People work hard if they will be re warded for it, so they pursue a higher education to get better jobs, to take a leak a business, and we all benefit from that. An article, The Truth About Income Inequality by John H. Hinderaker and Scott W. Johnson, which is based completely on statistics from the government, proves that income has not fallen for Americans. In fact, the distribution of income is no worse than it has ever been, and certainly better than when the count... ... If everyone in this nation were aware of the influence that income inequality has on the peoples lives, many would be surprised and outraged. While the incentives and rewards of higher income are what fuels the economy, and what raises our standard of living, reaching that level of income has been difficult in the past and seems to be getting worse. Income inequality has been on the rise since the 1960s, according to the graph of the Gini index, a statistical index of (in)equality. Those incentives of higher income are becoming scarce and costly, and many people think it isnt worth the work to reach it. The larger the gap between the social classes, the more prominent social classification becomes, and the more we, as citizens and human beings, should be prepared to make a stand for the basic right of standard of living that was initiated by our independence.Works CitedThe Simple Truth about the Gender fall in Gap (Fall 2014)http//www.aauw.org/research/the-simple-truth-about-the-gender-pay-gap/John H. Hinderaker and Scott W. Johnson, The Truth About Income Inequalityhttp//www.americanexperiment.org/publications/reports/the-truth-about-income-inequality

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