Wage Inequality

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The United States is said to be the richest country of the world, but that reality means little because much of that wealth is controlled by only a handful of individuals. The organization of a society and its economic, legal, political, social and moral enforcement institutions and coordination mechanisms profoundly affects its economic performance and growth. It determines the cost of various feasible actions as well as wealth distribution.

In this section let’s examine relationships between members of different groups. In In individualist societies the structure is integrated in the sense that economic transactions are conducted among people from different groups and individuals shift frequently from one group to another. Money inequality goes deeper than just a paycheck or the family that you were so privileged to be born into but it all starts with cultural …show more content…
In the book Inequality it was stated that after a significant decline following the World War II(Lindert 200), wage inequality started growing in the mid-1970’s and surged mre in the 1980’s when it then stabilized in the 1900’s. as to what effects the distribution of wealth is so important to the lower calss whom are suffering and being denied better health care and education.So many Americans have learned to accept these differences which is hard to believe since so many Christians believe that greed is one of the seven deadly sins; by 1986 Ivan Boesky could assure students at Berkeley that greed was “healthy and that you could be greedy and still feel good about yourself. Boesky, of course, went to jail in 1987, his feel-good greed teachings were a violation of the law. Growing up a Christian and being taught that money is the root to all evil really stuck in my mind throughout life it is said that money doesn’t bring happiness but it does pay the bills, which makes me quite

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