The author goes back and forth from the right and left point of views. On the left side, economists want the government to enact, helping to close the income gap between the middle and high classes. The essay goes on to say that, in the Great Recession, the federal government decided raising the minimum wage would stimulate worker productivity and help close the income gap. In reality, it has done little to make the poor richer. In all reality, raising the minimum wage actually makes labor more expensive, which forces the company to either cut workers hours or cut back and higher fewer workers. Another contrast is that some politicians and economists argue that supporting the richest parts of the American economy would bring great stability and help the economy grow. The idea is basically support the wealthy business owners in hopes that they will continue to invest and grow their business. That giving tax breaks to the wealthy would create more jobs and opportunity for the American people. A contrast is also made about what actually composes the American Dream. Some say it is owning a house while others say it is more along the lines of having a worry-free retirement or having enough money to buy expansive houses, and driving fast cars. The American Dream is just that. It is a dream that is never the same or any two people alike. There are also differing points of view from buying to renting a house. These days more …show more content…
The entire economy completely nosedived resulting in millions of Americans losing all of their money, pushing the country further into despair. With that being said it never diminished the drive that Americans hold near and dear to their hearts. “The Great Recession didn’t kill the American Dream. But the promise of a good life in exchange for hard, honest work has been bruised and frayed for millions of middle class Americans” (Chapman, 2010). The outcomes eventually turned for the better with the American Dream still intact. The nation quickly recovered in the 1930s and then entered World War 2 in December 7th 1941. Where the American drive powered the United States into a major world power to contend with. Which then brings the writer of the essay to talk about what he believes to be an extremely worrisome problem; inequality. Where wealth is concentrated into the hands of the rich minority. One economists, Robert Reich, even says that “As long as income and wealth keep concentrating at the top, and the great divide between America’s have-mores and have-lesses continues to widen, the Great Recession won’t end, at least not in the real economy” (Reich, 2009). It’s assumable that if the money continues to go into the vacuum of the rich, it will never get to the poor. The money won’t be in their