Income inequality in the United States

Wealth distribution in the United States has been an increasingly popular topic amongst Americans and politicians in the last few years. The wealth distribution is grossly favored toward the top 10% of North American earners owned 75%, specifically, the top 1% is seen owning 40% of the United States’ wealth (Covert, 2014). Why is this so important to the overall wellbeing of our Economy? It is important to recognize because the wealth is nowhere near being evenly distributed. Supplementary,…

almost every major United States metropolitan area, students of color are much more likely than whites to attend public schools by high concentrations of poverty, shows the analysis of federal data. In a wide range of cities all across the nation, the numbers shown in this analysis point to a massive racial imbalance in exposure to concentrated poverty. For example, in St. Louis, 92 percent of black students attend schools where most of their classmates qualify as poor or low-income, but only 27…

those that caused the Great Depression are the Stock Market crash, the banking crises, the growing inequality of income, the economic distortion and the government’s involvement, and the Smoot-Hawley tariff. The catalyst that started the Great Depression began when the Stock Market crashed.…

Part three of “Capital in the Twenty-First Century” by Thomas Piketty, discusses how much the structure of inequality has changed since the nineteenth century regarding labor and wealth. The central theme of part three is that wealth is unevenly distributed compared to income. On page 267, [Piketty] makes a powerful statement regarding the distribution of wealth. [Piketty] states, “… the growth of a true “patrimonial middle class” was the principal structural transformation of the allocation of…

extract concurs that the environment is being stained and the people that are being effected the most are the ones who are underprivileged. He further justifies his idea by giving examples of two industrial tycoons in the world; China and the United States (US). Both, he claims, race against each other on carbon emissions but China has won, although the US contributed more to this issue by almost more than a quarter carbon emissions since 1750. He adds on a global scale producers are not being…

them live 10 minutes away from Park Avenue Manhattan’s Upper East Side. The South Bronx is known to be one of the poorest congressional districts in the United States and is notorious for the high poverty and unemployment rate in the city, contrary to Park Avenue which is known as the richest city (Gibney, 2012). This marginal gap of income inequality between the two…

2.) Critically compare the functional theory of inequality with the conflict theory of inequality. According to the text Social Inequality, “in line with the order perspective, functional theorist begin with the assumption that all societies are made up of different and necessary roles that must be filled in order for the society to function. Society, in this view, is comparable to the human body, made up of various organs that must be working for the body to be in balance.” For example one…

the American dream? I define the American dream as the ability to be successful in achieving upward social mobility and there three key qualities namely, opportunity, efficiency and stability in achieving that, but because of the country’s growing inequality, these key qualities have become almost impossible to attain. First, let us look at opportunity. One can say this is the most essential element to achieving the American dream. Without opportunity, one cannot accomplish anything because…

Social determinants of health are referred to the economic and social conditions that influence the health of the people and communities. “Social determinants” refer to broader social factors, such as income inequality or social exclusion that lead to or influence health and development outcomes. Money, power and resources usually govern these factors and determine the effect of it on individuals and community in question. Social determinants of health affect factors that are related to health…

Economic inequality in the United States has steadily increased throughout the past decades and has consequently led to many social conditions that negatively impact the lower and middle class. The unequal distribution of income and wealth is primarily due to the capitalist government economy as well as globalization and technological advances. Political inequality is similarly another consequence that results from the economic disparity that further affects democracy and political…