Wealth and income gap between the rich and poor in the United States
The current situation between the wide gap between wealth and income is at its highest in our nation and the effects of the gap can be seen nationwide. Those on the high end of the gap (rich) will state that is crucial to our economic system and those in the middle or low end will state that the lack of economic wealth or income has and is declining prosperity, home ownership, quality of education, and health. There are many things that can be done to improve the wide gap in income and wealth in our country.
“Economists say that some inequality is needed to propel growth. Without the carrot of large financial rewards, risky entrepreneurship and innovation would grind to …show more content…
Minorities are paid less than white men and women for the same job. Conventional jobs for black men are often far less compelling than illegal ones, so their central struggle often involves avoiding or surviving prison”(post). There are also major gaps in income based on gender. There has been a study from the center for American Progress. The study showed some compelling information regarding income based on sex for educated individuals with a master in higher education. This study showed the difference that males and females were eating after 6 and 10years after completing the degree. The results are as follows Harvard University graduates gap was males were earning more than $48,353 more than females for 6 years after graduation and for 10 years it is 54,045. University of Utah there is a gap from 20,347 more than females for 6 years after graduation and $34,774 for 10 years (American …show more content…
We should all strive to reach that goal. Not by getting from the government because we are either in the middle bracket or even below the bracket we deserve to work hard and have a piece of the pie. As a minority, I do not ask for any breaks, but If I work hard as you I deserve equal pay. Many of us have sisters, mothers, daughters and I want them to have the same equal opportunity to earn what her next counterpart is earning. I want to pay my taxes and know that I am paying my fair share as others. I want to be able to know that my children will get a high quality of education as any other city that has a higher economic standard. So yes, income and wealth equality is important to be widespread and not as we stand today with many Americans living below poverty
The current situation between the wide gap between wealth and income is at its highest in our nation and the effects of the gap can be seen nationwide. Those on the high end of the gap (rich) will state that is crucial to our economic system and those in the middle or low end will state that the lack of economic wealth or income has and is declining prosperity, home ownership, quality of education, and health. There are many things that can be done to improve the wide gap in income and wealth in our country.
“Economists say that some inequality is needed to propel growth. Without the carrot of large financial rewards, risky entrepreneurship and innovation would grind to …show more content…
Minorities are paid less than white men and women for the same job. Conventional jobs for black men are often far less compelling than illegal ones, so their central struggle often involves avoiding or surviving prison”(post). There are also major gaps in income based on gender. There has been a study from the center for American Progress. The study showed some compelling information regarding income based on sex for educated individuals with a master in higher education. This study showed the difference that males and females were eating after 6 and 10years after completing the degree. The results are as follows Harvard University graduates gap was males were earning more than $48,353 more than females for 6 years after graduation and for 10 years it is 54,045. University of Utah there is a gap from 20,347 more than females for 6 years after graduation and $34,774 for 10 years (American …show more content…
We should all strive to reach that goal. Not by getting from the government because we are either in the middle bracket or even below the bracket we deserve to work hard and have a piece of the pie. As a minority, I do not ask for any breaks, but If I work hard as you I deserve equal pay. Many of us have sisters, mothers, daughters and I want them to have the same equal opportunity to earn what her next counterpart is earning. I want to pay my taxes and know that I am paying my fair share as others. I want to be able to know that my children will get a high quality of education as any other city that has a higher economic standard. So yes, income and wealth equality is important to be widespread and not as we stand today with many Americans living below poverty