Each year the American economy grows weaker and more people shift below the poverty level. It’s becoming increasingly difficult to move from lower class to the middle class due to the low quality jobs our economy is producing. This is also seen in “Pride and Prejudice”, written in 1813, when the laboring class remains stagnant in society creating immense social gaps between rich and poor. Similar to this issue, our present day economy needs a change in the minimum wage in order to create more mobility, lessen the social inequality, and make the nation more politically stable. Just last year, 38 percent of all American workers made less than 20,000 dollars. Many families are barely able to get by from month to month and find themselves sinking
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A thriving middle class is the source of growth and prosperity in our capitalist economy. In order for the economy to flourish we rely on the consumers. When the consumers make more money they increase businesses sales which help support the classes within the economy. People have stated that the “richer the rich get, the better our economy does” (Hanauer A Wealthy Capitalist on Why Money Doesn’t Trickle Down). This belief would also imply that “if the poor get poorer, that must be good for the economy too” (Hanauer A Wealthy Capitalist on Why Money Doesn’t Trickle Down). This view in turn only creates more social inequalities in our so called equal nation. Social inequalities have been present in American history for decades and can be clearly seen in “Pride and Prejudice” when the rich and poor could only be seen with people of similar status. “Certainly, my dear, nobody said there were; but as to not meeting with many people in this neighbourhood, I believe there are few neighbourhoods larger. I know we dine with four-and-twenty families” (Austen 32). In this situation Mrs. Bennet is insisting to her daughter that there are plenty of people to be around in the country, but only certain people are actually worth their time. Because of the poor wages and low quality jobs at the time, the economy was not strong enough to support a middle class. This created the strict social normalcies
A thriving middle class is the source of growth and prosperity in our capitalist economy. In order for the economy to flourish we rely on the consumers. When the consumers make more money they increase businesses sales which help support the classes within the economy. People have stated that the “richer the rich get, the better our economy does” (Hanauer A Wealthy Capitalist on Why Money Doesn’t Trickle Down). This belief would also imply that “if the poor get poorer, that must be good for the economy too” (Hanauer A Wealthy Capitalist on Why Money Doesn’t Trickle Down). This view in turn only creates more social inequalities in our so called equal nation. Social inequalities have been present in American history for decades and can be clearly seen in “Pride and Prejudice” when the rich and poor could only be seen with people of similar status. “Certainly, my dear, nobody said there were; but as to not meeting with many people in this neighbourhood, I believe there are few neighbourhoods larger. I know we dine with four-and-twenty families” (Austen 32). In this situation Mrs. Bennet is insisting to her daughter that there are plenty of people to be around in the country, but only certain people are actually worth their time. Because of the poor wages and low quality jobs at the time, the economy was not strong enough to support a middle class. This created the strict social normalcies