The Shrinking Middle Class: A Multivariate Analysis By Joe C. Davis

Inequality in the United States has been an ongoing issue for decades, but recently the inequality gap has grown. As stated by Robert Reich in Inequality for All, our economy relies and depends on the middle class which is decreasing rapidly. The middle class is extremely important to keeping the balance in the economy, however currently the rich have been getting richer and the middle class has been getting smaller. We look to the middle class to do the tougher jobs that keep American businesses running and make our economy prosperous. If the United States does not find a solution to the disintegrating middle class, then the population of impoverished people in America will increase drastically. If this issue is not addressed, the lack of equilibrium within the economic structure will continue to cause major injustices through the growth of the inequality gap. In the article, The Shrinking Middle Class: A Multivariate Analysis by Joe C. Davis …show more content…
The economy is failing because it is failing to regulation the distribution of money equally. It’s clear that people are getting significantly more money than others. This unsuccessful economy challenges the American dream, which says that if you work hard then you will be prosperous, but in reality even if you work your hardest and do everything right you still might end up working in a fast food restaurant or a be a mail man. I believe education is also at fault because high-school and college don’t prepare you enough to get laid off from your job then have to recover from that. Politics is also at fault because this has been an ongoing issue for decades yet there has been no solutions. The government needs to be working harder to find a way to put an end to the gap. It seems as if no one in the government is working to fix this problem fast enough because based on recent data, the gap is only getting