The Importance Of Class Warfare

Class Warfare Everyone belongs to a certain economic class which is why this subject relates to everyone. Majority of the people in the U.S are in the middle class bracket but that does not cover the entire economic class although it does have the highest population. The economic social class system consists of three main sections, most people would classify it as poor, middle class, and rich. Although that may seem very straightforward it is more in depth than it is portrayed in most eyes. Now in the video that we observed one of opening questions was “what is the defining issue of our time?” We can simply answer this by saying economic fairness but some may say “What is economic fairness?” Well we can start by examining what the public sees …show more content…
With that being said it’s a tad bit ridiculous to think that the U.S is rank 64th among countries in income equality. In Robert Reich wealth and poverty class he copious amounts of excellent points. One of the questions were “What is happening in the terms of distribution of income and wealth?” As we reviewed throughout the video the lower wage jobs have decreased and higher wage careers have increased. In 1978 the typical male worker made $48,302 and the typical 1% worker earned $393,682. That is a dramatic difference between the two workers and after years have passed we would have expected for there to be some improvement since many other things in the economy has improved. More recent analysis would be from year 2010 where the typical male worker makes about $33,751 and the typical 1% earned $1,101,089. From my perspective I find that this just shows how many situations concerning the importance of the U.S economy has been shove to the side and covered up by other insignificant events. Most people will look at these numbers and think “wow that is unbelievable” but to me it is very believable from personal experiences and also witnessing neighbors, family members, and friends trying to support their family by living pay check to pay …show more content…
Reading that number is utterly shocking and very unpleasing. That amount is very extreme and also unfair that they have no choice but to grow up in that kind of environment. Also causing stress amongst the parents of the children. The parent will start to work harder and longer hours and it’s very sad that even though they are putting a strain on their selves and trying to better their household there will not be a huge difference in their income. If our economy stays at the same pace we will have a high chance of being in a stagnation. Prosperity needs to be spread amongst everyone so that our economy may become more efficient. There will not be an increase in jobs if the consumers do not have the money to make demand inflate. I know that if we do what is recommended to make our economy more efficient and decrease our cyclical unemployment that our economy will grow to be more