The Issue Of Inequality : The Black Middle And The Lower Class American Population
From the 1970s, the US has been suffering from a huge increase in the economic inequality, yet it stands amongst the richest economies in the world. The issue of inequality is the US as has been rife since time immemorial with the assertion; in this case, being that the problem has been in existence for decades. The consequent feeling among the Americans is that the problem of inequality still exists, with the majority of the people holding this impression being the uneducated (Ladson-Billings, 2011). The problem has been rising gradually, and the overall impression is that it is not fair. There is a huge disparity between the rich and the poor in the American society and the challenge is that enough is not being done to address the challenge presented this inequality. The elements that will be applied in this assignment are going to encompass the upper, middle and the lower class American population (Goldsmith & Blakely, 2010). Despite the significant increase in the inequality, the political discourse in the US is in the reference does not encompass an assessment of adequate measures that are going to address the situation.
The Rise in Inequality in the US
Economists Emmanuel Saez and Thomas Piketty have implemented a meticulous assessment of the economic inequality that has taken place in the US, with the main assessments being on the declines. From the peak before the year 1929 encompassing the stock market crash to the early 1950, income and wage…