Income inequality metrics

much while so many have so little” (@SenSanders). In other words, Bernie Sander is talking about wealth inequality. Wealth Inequality, as Yonatan Berman, Eshel Ben-Jacob, and Yoash Shapira has stated in their article as “one of the most disturbing social and economic issues of our time” (Berman para 1), can be defined as the unfair distribution of assets within a population. Wealth Inequality is one the biggest problems in the world. Especially in today’s society, where the rich are getting…

Jonathan Gerath Ms. Stewart Survey of Literature 6/9/17 Poverty in our country has many broad consequences for society. This impacts children the most. The number of people living at or below the poverty level in the United States is on the rise. Poverty does not get the attention that it should from our news media. Society needs to ensure that its future leaders, our children, are successful. Poverty is everyone's problem and we need to act now. The three main consequences of poverty are…

it has developed a culture that an ordinary person is less competitive, while making the best educated more competitive. This causes a recess in diverse thoughts and ideas of financial growth. This paper will discuss three reasons for economic inequality: When the middle class is weak there are fewer opportunities for social and financial mobility, the middle-class pays a higher portion of tax dollars that contribute to public services, and capitalism causes separation between the poor and the…

The Worst form of Inequality is to try to make equal things equal” --Aristotle Over the past generation inequality has become a big issue in our society. Whether you are rich or poor, born here or immigrant, high class or middle class, inequality will find its own way to you some how. Here we should stop and ask ourselves why should we care about high and rising inequality? The answer to this question is in these three articles, “Bring on More Immigrant Entrepreneurs “by Shayan Zadeh,…

D. Rockefeller, and J.P. Morgan. With limited governmental regulation, many of these industries were able to evolve into monopolies and collude amongst themselves, an evolution that generated public outrage at the resulting unfair practices and inequalities. The industries countered the populist response by becoming more involved in politics. Cornelius Vanderbilt. Cornelius Vanderbilt was an industrial businessman who made his fortune in the railroad business (John 2012). The railroad system…

Wealth Over the last years, income inequality has increased in the United States. Currently, the U.S. ranks around the 30th percentile worldwide in terms of income inequality (Macionis 2015). It means that 70% of other countries have better income distribution between the rich and have-nots than the U.S. This situation has triggered a debate over the need for harmonization and equitable income distribution. The opponents of the course argue that high-income inequality will give the wealthy…

cannot afford the housing that is needed to live a healthy lifestyle. Low-income families constantly struggle with this issue, causing increased stress on family dynamics. While there are potentially many groups that are affected by housing affordability in New York, I would like to focus on the subgroups of African Americans, Hispanics and Immigrants. A study shows that families that are paying more than 30 percent of their income for housing are considered cost burdened and may have…

problems that the Triqui faced daily were blamed on their culture and customs, or rather their behavior. The blame was never put on the social structures that were at work such as “poverty, neoliberal corporate capitalism, or social and economic inequalities” (Holmes, 2013: 146). Again, and again, either a nurse or a doctor would make assumptions about the daily lives of the Triqui, their cleanliness and their malnourishment, even though the criteria in which malnourishment was measured did not…

Ashley Douglas: Inequality at College and/or High School Over the course of this semester, I felt that I was able to truly comprehend the work of David Shipler, John Iceland, Anette Lareau, and the like, who reported on the effects of relative poverty. The reason for this being was because my former school, Parkland Magnet High, was a manifestation of the crippling effects of inequality. Income disparity, lack of social capital, and inadequate cultural capital all interacted to define the…

Certainly, Inequality is the United States has increased. I think more than the studies, what has been going on in the nation and in the entire planet about how socioeconomic classes have distanced apart is pretty notorious. Paul Krugman, a well-known economist and Nobel prize winner agrees with the high inequality being face mostly in the United States, and he mentioned that one of the main causes is due to the higher inheritance and dynasties that has stored great amount of wealth leading…