Certainly, Inequality is the United States has increased. I think more than the studies, what has been going on in the nation and in the entire planet about how socioeconomic classes have distanced apart is pretty notorious.
Paul Krugman, a well-known economist and Nobel prize winner agrees with the high inequality being face mostly in the United States, and he mentioned that one of the main causes is due to the higher inheritance and dynasties that has stored great amount of wealth leading to high returns on individual capital earnings, but with lower rates of the nations growth. Assuring that the nation drifting towards in an "Oligarchy".
Another study from the Economic Policy Institute compares the decades of inequality since 1979 and the decades between 1928 and 1979 when the American middle class started to emerge and to prosper becoming a important player in the economy due to more efficient public ans societal regulations and norms that encourage prosperity for even the low income families like increasing …show more content…
Surely, there are solutions to Inequality and redistribution of wealth. One to begin with would be encouraging congress to spend even more on infrastructures such a roads, bridges and even airports to create more job openings to stimulate the economy and narrow income inequality. However, when politics come into play, quick results are not to be expected.
Other would be creating more and efficient programs of aid as some successful Europeans nations have. However, this solution is stil very controversial in the United Sates and that not some sectors of the economy might be ready to agree
Paul Krugman, a well-known economist and Nobel prize winner agrees with the high inequality being face mostly in the United States, and he mentioned that one of the main causes is due to the higher inheritance and dynasties that has stored great amount of wealth leading to high returns on individual capital earnings, but with lower rates of the nations growth. Assuring that the nation drifting towards in an "Oligarchy".
Another study from the Economic Policy Institute compares the decades of inequality since 1979 and the decades between 1928 and 1979 when the American middle class started to emerge and to prosper becoming a important player in the economy due to more efficient public ans societal regulations and norms that encourage prosperity for even the low income families like increasing …show more content…
Surely, there are solutions to Inequality and redistribution of wealth. One to begin with would be encouraging congress to spend even more on infrastructures such a roads, bridges and even airports to create more job openings to stimulate the economy and narrow income inequality. However, when politics come into play, quick results are not to be expected.
Other would be creating more and efficient programs of aid as some successful Europeans nations have. However, this solution is stil very controversial in the United Sates and that not some sectors of the economy might be ready to agree