Income inequality in the United States

by the Pew Research Center, more than 1.5 million hourly workers in the United States earn the federal minimum wage of $7.25 per hour (DeSilver). A full-time worker making the federal minimum wage earns $15,080 per year, an annual income that sits below the federal poverty level of $16,020 for a family of two. While there are twenty-nine states that have minimum wages above the federal minimum wage, there are twenty-one states at or below the federal minimum wage. Although the federal minimum…

textbook is significantly important. However, some of the issues that I am mostly concerns about are social stratification and social class inequalities. In this chapter, I was able to see a broad view of U.S social structure and inequalities, both within our culture and our institutions. Our modern society is stratified into social classes, which is based on income, wealth, educational attainment, occupation, and social networks. Sociologists posited that there are six social classes in…

also writes about income distribution inequality and poverty. Deaton writes that those most in poverty have a much lower chance at getting out of poverty than those who are rich of getting richer (189) and I think that he makes a very valid point. I think that it is much easier to make money when you are wealthy than it is to make money when you are poor. Diamond discussed education and in my opinion, it is much harder to get a good education when you are living in poverty than it is when you…

Income inequality refers to the degree to which income is distributed in an uneven manner amongst the population. In the United States, this huge gap between the rich, and the middle and lower class has been steadily increasing since the 1970s. Starting in the mid to late 1970s, the higher earners income share began to rise dramatically, while those in the bottom tier started to fall. Income inequality has once again become a major economic issue, and the cause can be traced back to several…

Globalization of economies has negatively affected individuals by creating more inequality and by failing to reduce poverty. The environment has also faced a negative impact because many developed countries are still heavily reliant on fossil-fuels and their production of greenhouse gases keeps rising. Additionally, the United States outsources much of its industrial sector to China whose population is quickly growing which has led to large concentrated areas of pollution emission. When…

Orion Culbertson Benjamin Lozanzo PLSI 106 December 13, 2017 The most likely state of the economy in 2035 is represented mostly by the things Thomas Piketty discusses in his article, “Capital in the Twenty First Century”. I’ll start by analyzing what he wrote in the context of today as well as how it will continue to apply for the next eighteen years. First off, it’s important to understand how political wealth distribution is. Issues surrounding the subject and what’s done about it are heavily…

excel as an adult. As citizens of the United States we have the right to equal education no matter our race, ethnicity, religion or economic status. However, Clayton County Schools and many other predominately Black schools in Georgia do not receive the same education that is provided to their white counterparts. Multiple studies and research has reported the inequalities of America education systems. From these studies we have learned that in lower income and minority families have less…

Is Inequality Bad for Our Health? When it comes to discussing inequality and the effects it has on health, many people will ask, “Is there really a correlation?” Or they will argue that inequality does not exist and if it does it is not their problem because it does not affect them personally. Yet, research shows that inequality can negatively affect the health of even the affluent (“Inequality and Health”). There is no question that having a low income or living in poverty goes hand-in-hand…

Due to racial and ethnic inequality in health care, such as easy access to health insurance and medical doctors, African Americans in the United States are at a higher risk than whites when it comes to diseases. For instance, African Americans are more likely to die of heart disease, stroke, prostate, and breast cancer, then whites and African Americans children are more than twice as likely to be hospitalized for asthma, than white children. (Rosenblum & Travis, 2016, p. 304) This disparity…

Essay The overall share of wealth is controlled by the top 1% in the United States. The total income of the United States is increasing every day however, the income gap between the top 1% and the middle is growing more every day. All the writers believe that the distribution of income among all residents in the United States is at its worst. The writers in this unit are aware of the unfair income distribution in United States therefore, these writers would support the raise of taxes on the…