Income inequality metrics

poverty and inequality were huge blemishes in the face of everyday society, the rich became richer, the poor, poorer. Distinct social classes were established and everyone was working to be at the top. As much as one worked, they would spend, causing a lower social status and sometimes a downfall in their everyday lives. Alike,…

This theory does not blame the victim for his/her own poverty as individualistic and cultural theories do, but it looks to the social, political, and economic system which causes individuals to have inadequate resources with which to realize their income and well-being (Bradshaw, 2007). The standards of living and social relations of individuals in a society are shaped by educational facilities, labor market opportunities, and economic growth. The inherent structures in the society including…

which remained unchanged over time and also further stated that a rise in income was causing a fall in the mortality rate and not the other way round. They observed that some income increases that were unrelated to mortality, like and income increase due to higher exports still did result in a fall in infant mortality. So that fact that an unrelated increase in income still reduces the mortality rate suggests that income has a major role to play on mortality…

future. As a result of the rise of income and social inequality over the past few decades, many economists and scholars believe that the gap separating the wealthiest Americans from everyone else will continue to widen unless the United States government puts forth effort to reverse it. Economists, such…

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…

Although the article, The Inequality Hype, questions many aspects of both poverty and inequality, I was most interested on what it stated about the middle class. Feeling identified with the middle class, it seems to me that its condition is worsening, so the contradictory question, “But with household incomes increasing amid rising inequality, what do the facts tell us about the real material state of the middle class?” drew me in (Gilbert). I have always felt that the middle class and success…

Following a rise of the contemporary consumer society in America in 1920s, the accompanying lifestyle choices have become aspired to and as a result have spread across the ocean to the rest of the world. Nevertheless, the origins of consumer society date back to 16th century; and the real development began following the industrial revolution, when higher production required swift and higher consumption and as a result an expanding middle and working class have transformed into consuming class,…

Income Inequality in the United States The inequality of wealth and income, as well as the gap between the rich and poor, has been a factor of the public for a long while. For many years, back to the great depression, the gap has continued to grow. What is causing it to grow? One theory includes the decreasing value of the real United States minimum wage and limited job opportunities for people without a college degree. It is not yet clear whether income inequality affects the larger economy…

Regarding the question on James Madison’s belief that the wealthy should be in charge of power I would say that he does not have a point. I don't believe that anyone who is part of or near the 1% should be in charge of anything at all. Perhaps this is a biased opinion but based on what I have been seen and learned over the years, allowing the rich to become in charge of power is asking for even more problems in the world. Perhaps to James Madison it made sense based on the context of time,…

large. Currently, about half of the United State’s income goes to the richest 10 percent. The last time the gap between these classes was this big was in the 1920’s. Even though this fluctuation in the economy is happening in the U.S., it has also become an international development. The upper class has made a world of their own by tripling their incomes; it’s their decision to help those who are falling behind or not. “The Broken Contract: Inequality and American Decline” In earlier time…