In a systemic world of supply and demand, comes also the creation of classes that face vital differences. The United States of America being a capitalist nation has always functioned to maintain value to its currency, by engaging the needs of its economy. Being a millennial, while also being an American, I have witnessed this great nation overcome many economic tragedies that many feared we would never get out from. Government sources claimed that in 2008 and 2009, “the U.S. labor market lost 8.4 million jobs, or 6.1% of all payroll employment. This was the most dramatic employment contraction (by far) of any recession since the Great Depression. By comparison, in the deep recession that began in 1981, job loss was 3.1%, or only about half
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Whatever definition one uses, authorities and laypersons alike commonly assume that the effects of poverty are harmful to both individuals and society." The issue with poverty has never been whether or not it exists, but on how a society can objectively measure or define what it means to be poor. In any society there are two forms of poverty that are socially argued over, they are known as Absolute and Relative poverty. According to Social Problems: Community, Policy, and Social Action by Anna Leon-Guerrero, “Absolute poverty refers to a lack of basic necessities, such as food, shelter, and income. Relative poverty refers to a situation in which some people fail to achieve the average income or lifestyle enjoyed by the rest of society.” In the United States we have gathered significant data that illustrate the exact groups of people who are poor. Those that the data has proven to observe as living in poverty include “Nearly half of children in the United States”, according to new research from the National Center for Children in Poverty (NCCP) at Columbia University 's Mailman School of Public Health. “NCCP defines a low-income household as one where incomes fall below 200 percent of the Federal Poverty Threshold (e.g., $48,016 for a family of four with two children in …show more content…
The views of success constantly renovate as a civilization continues to explore new social values. For example, we can compare old southern plantation owners as having an entirely different view of success (as slavery was deemed with an identity of wealth), as to how modern southern society has evolved and cultured itself to no longer value such oppressive norms of the past. When comparing ourselves to other nations, we also realize that poverty becomes very subjective (as Americans tend to forget how many opportunities they have, that others do not). While all this may have its perspective, there is still an issue at hand when observing the social economic gap between the “rich” and the “poor” of the United States. Many since 2008, have felt betrayed by their country (especially those in Wall Street) as the Government has had to deal with solutions to recover with its economic collapses. My encouragement for those who have lost faith in their country through this hard time, is to remind them as to how we were able to even push this far. Americans are extraordinary innovators, leaders, and social progressives who have time and time again been able to pull through the hardest of circumstances. For it was in an economic crisis that led this nation to be born, from the British, and we have been able to change the world ever since. I believe our society should engage more devotion and
Whatever definition one uses, authorities and laypersons alike commonly assume that the effects of poverty are harmful to both individuals and society." The issue with poverty has never been whether or not it exists, but on how a society can objectively measure or define what it means to be poor. In any society there are two forms of poverty that are socially argued over, they are known as Absolute and Relative poverty. According to Social Problems: Community, Policy, and Social Action by Anna Leon-Guerrero, “Absolute poverty refers to a lack of basic necessities, such as food, shelter, and income. Relative poverty refers to a situation in which some people fail to achieve the average income or lifestyle enjoyed by the rest of society.” In the United States we have gathered significant data that illustrate the exact groups of people who are poor. Those that the data has proven to observe as living in poverty include “Nearly half of children in the United States”, according to new research from the National Center for Children in Poverty (NCCP) at Columbia University 's Mailman School of Public Health. “NCCP defines a low-income household as one where incomes fall below 200 percent of the Federal Poverty Threshold (e.g., $48,016 for a family of four with two children in …show more content…
The views of success constantly renovate as a civilization continues to explore new social values. For example, we can compare old southern plantation owners as having an entirely different view of success (as slavery was deemed with an identity of wealth), as to how modern southern society has evolved and cultured itself to no longer value such oppressive norms of the past. When comparing ourselves to other nations, we also realize that poverty becomes very subjective (as Americans tend to forget how many opportunities they have, that others do not). While all this may have its perspective, there is still an issue at hand when observing the social economic gap between the “rich” and the “poor” of the United States. Many since 2008, have felt betrayed by their country (especially those in Wall Street) as the Government has had to deal with solutions to recover with its economic collapses. My encouragement for those who have lost faith in their country through this hard time, is to remind them as to how we were able to even push this far. Americans are extraordinary innovators, leaders, and social progressives who have time and time again been able to pull through the hardest of circumstances. For it was in an economic crisis that led this nation to be born, from the British, and we have been able to change the world ever since. I believe our society should engage more devotion and