Wealth Inequality Video Analysis

Improved Essays
Another point that Komlik makes is that human beings themselves are considered consumer goods that can be used and discarded which is an idea that is part of a growing culture. Specifically, I think this growing culture is capitalism because of cheap labor and fast replacement rates of an individual. Lack of unions as mentioned in the Crash course in Economic income and wealth inequality video has a huge impact on people because they have less agency of job security and labor rights. This idea is visible in corporate sectors where employers are paid by the hour at minimum wage level. Employers have control of who works when, what times and sometimes spontaneously requesting if someone can work because of ideas that individuals need their jobs

Related Documents

  • Improved Essays

    Materialism is the theory of understanding society and individual approach. In Frederick Engels paper, the capitalistic structure is explained, how it was created, how it influences society and what conflicts it brought. My paper is first going to talk about the historical materialism and establish what Engels meant by that. Afterword, this paper going to discus about the fundamental contradiction in capitalism. Furthermore, I am going to expend on that concept by applying it on two different quotes from Engels paper.…

    • 833 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    I tossed a ragged slab of PVC off the roof into a pile of refuse lying on the ground. I could not bare the West Virginian heat any longer. Tiny black spots danced on the corners of my eyes as I held on to the ladder for dear life fearfully making my way to solid ground. I lugged my sweat-saturated body over to my jug of water and Canon camera recorder. Throughout the week, I compiled photographs and video clips from my third mission trip.…

    • 646 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The society we are being raised in has shaped us into mindless, mechanical robots. Our opinions are being spoon-fed to us through forms of entertainment to the point where we can’t even think for ourselves anymore. Our status and our worth is based off of how many things you have. Not the measure of intelligence. Not the measure of creativity.…

    • 939 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Declaration of Independence War, competition, and eagerness to get rid of the neighbor are a few insincere characters that the current society seems to follow. When a young child sleeps on an empty stomach knowing that when he or she wakes up the dining table will still be vacant, then it is irrational to say society cares. Not only is there a high rate of unemployment, but there is also a towering rate of imprisonment of adolescence. The lack of education and inequitable opportunity in the workforce leads to ignorance and hungry. If the living environment surrounding an individual is filled with hatred, jealousy, and greed, it’s only logic that the citizens consume that environment.…

    • 550 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    In our current society in the United States, wealth inequality has grown by leaps and bounds. As time is passing, we are seeing that the rich individuals in our communities are getting richer and the poor individuals are getting poorer. This is to be expected with capitalism at the base stage, but one would think that there would be measures in place to prevent the poor from getting too much poorer. However, in the United States at least, some of the wealthiest members of society are, unfortunately, also lawmakers. Many politicians write laws that only make them wealthier, while putting the financial burden on the lower income individuals and families of the population.…

    • 1046 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    The continuing rise of economic inequality and wealth inequality in America is one of the biggest issues in the country. Currently the top five percent in America hold seventy-four percent of the country’s wealth, leaving the other ninety-five percent of Americans are struggling financially to survive. In this article, How Experts Would End Inequality if They Ran America, written by Stein, there are several different explanations on how to address the rising income inequality in the U.S., the four suggestions that I chose were written by Boushey, Azzerad, Tedeschi and Kelton. Boushey argues that universal access to child care will drive down the inequality within our country. Azzerad states that in order to combat the current rise in income…

    • 1421 Words
    • 6 Pages
    Superior Essays
  • Decent Essays

    Income Inequality

    • 202 Words
    • 1 Pages

    United States income inequality is an astronomically immense quandary in today’s society. Now it may not be a quandary on its own but the desirable earnings imbalance such as the kind that is worsening every day in the Amalgamated States is a symptom of an inequitable system in desideratum of rectification. Income inequality of the kind the Amalgamated States is engendering is what one finds in highly stratified class-predicated systems or banana republics. If it perpetuates, it could lead to a revolution and a transition to a less desirable system of a regime. It has often been verbally expressed that FDR's Incipient Deal programs to engender obligatory work for the jobless and put restrictions on the excesses of capitalism didn't just preserve…

    • 202 Words
    • 1 Pages
    Decent Essays
  • Decent Essays

    When Karl Marx (2003) talks about labour in a political economy, he argues that the workers are “degraded to the most miserable sort of commodity” (p. 6)—in other words, the workers are being exploited by owners of private property. He introduces the concept of alienation, describing how workers become externalized not only from their labour and the product of their labour, but also from their species’ being and other workers. This, as a result reduces the workers’ capabilities of seeking their greatest potential, leaving them powerless. While Marx is able to explain how alienated labour is developed, are the ideas around alienation only confined to labour? This paper will discuss the ways in which alienation is conceptualized and applied…

    • 298 Words
    • 2 Pages
    Decent Essays
  • Superior Essays

    Income Inequality

    • 838 Words
    • 4 Pages

    Is it okay that the “lowest ranking soldiers in the U.S. military earn $8.86 an hour, while some fast food workers have been demanding $15 an hour to flip burgers” (Straub, 2014)? The average American makes $55,000.00, even though the most “a soldier can make in general is $35,000.00” (Army, 2014). The people who protect the country are making less than the people they are protecting. Is that right? Men and women risking their lives to protect those who pay them barely anything.…

    • 838 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    Income Inequality

    • 1040 Words
    • 5 Pages

    I have never thought about the way wealth is distributed in the U.S. until you showed us the chart where it talked about how much the top 1% make compared to the rest of the U.S. the numbers were staggering. I would have never believed that a small amount of the population could account for so much of the wealth in the United States. This wasn’t even the worse; the gap between the rich and the working class just keeps on growing and growing. “The bottom 80% of the population combines for only 4.7% of the wealth compared to the next 20% of the population combines for 95.3% of the wealth.” (Gooch).…

    • 1040 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Income and Wealth Inequality It is without a doubt that income and wealth inequality is the largest corrosive force toward a decent economy in the United States. The effect of the rich getting dramastically richer while the poor have lost what little they had has lead to some economists labeling the last 20 years as the “Age of Greed.” Income & wealth inequality in America has placed many people below the poverty line and squeezed middle class families; the implementation of a living wage, a higher tax rate on the rich, as well as the formation of impartial community institutions, will create a fair economy. The Age of Greed has been brought on by what Social Trends and Indicators USA calls "Trickle down" theories, that took hold and were…

    • 967 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    At the root of Democratic presidential candidate Bernie Sanders’ highly touted - and shouted - policies, was the issue of inequality in America. It’s no surprise that Senator Sanders saw great success on their messages; a 2015 OECD report found that the top 10% of Americans hold 76% of the nation’s wealth, a figure far higher its peer OECD countries. In addition to the economic consequences of wealth inequality, it poses a serious danger to younger generations such as mine. Inequality brings Americans further away from the American Dream, suggesting that mobility isn’t in fact possible. If this continues, desire for innovation and growth won’t exist, after all, what’s the point?…

    • 945 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    Wealth Inequality Essay

    • 567 Words
    • 3 Pages

    In 1976 , the wealthiest one percent of Americans owned 19% of all the private material wealth in the US Today, they own over 40% of all wealth. Their share now exceeds the wealth owned by the bottom 92% of the US population combined. (Edward N. Wolff, Top Heavy: A Study of Increasing Inequality in America Twentieth Century Fund: 1995). From 1976 till the present , the power of the wealthy has increased greatly meaning their power has increased as well. When a certain group constantly gains power they will abuse it and this can be seen with the unfair wealth distribution in this country.…

    • 567 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    One crucial aspect of attaining justice is not having the properties that degrade personality and humanity, an ultimate way of creating inequality. Downgrading personal values leads to irreversible class dominance, which ultimately leads to an unfair distribution of resources like financial interests and job opportunities. One example of injustice existing in the labor industry is the repetitive violation of worker rights and freedom. From the text “The Socialist Challenge,” the author demonstrated how unjust industries exploit their workers. Under capitalist interests, those on top of the social construction dominates the minorities to gain more profits as they dehumanize the workers.…

    • 1508 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    When the products of labor and the act of labor itself no longer belong to the laborer, they belong instead to the capitalist the laborer is working for. The laborer cannot help but feel disconnected from the capitalists who own the laborer’s estranged product and labor, and therefore the laborer no longer views the capitalist as a fellow human being. Rather, the laborer feels antagonistic towards the capitalist. The laborer sees the capitalist and the system the capitalist benefits from as the cause of his…

    • 718 Words
    • 3 Pages
    Improved Essays