Analysis Of The American Middle Class

explanatory Essay

1703 words

The article that has been chosen for this assignment is called “Middle Class Series: The American Middle Class, Income Inequality and The Strength of Our Economy” by (Boushey & Hersh, 2012). The basic thing about this article is that it seeks to reaffirm to the society that the middle class is largely responsible for economic growth and development. By grouping the society into classes the article looks at the contribution of each class to the growth of the economy using some of the major economic indicators such as the real GDP. However, the article also gives credit to the members of both the lower and upper classes especially the upper class for running the economy by heavily investing in the top and leading industries in the country. …show more content…

It means that they are in position to invest in the middle class and help boost the economy. It does not mean that the activities by the middle are the only boosters of the economy. There are other factors such as price of capital, luck, sport and many other activities that contribute to the growth of the economy. The definition of the middle class in the article is not limited to the families belonging to the middle income bracket but those that can make ends meet can invest and build a next generation. This paper investigates how the principles of microeconomics are applied in the …show more content…

Now inflation rate is an estimation of the pace at which prices of commodities and services in the economy of a country have changed. When this figure is very high then it is an indication that most people in the country are not able to afford certain commodities due to increased prices. What normally contributes to this is the fact that income remains constant yet the prices of commodities are increased. Therefore after taking care of a few of the basic needs people find themselves unable to access other goods or services. In the article it is stated that recession is one of the factors that encourage inflation. Recession is simply a period of reduced or minimal economic activities in a country. Recession is a major concern especially to the middle class (Boushey & Hersh,

In this essay, the author

Explains that the cpi is a highly regarded economic indicator that measures the strength of the economy.
Explains that ppi and cpi are the earliest indices that are used to gauge inflation since they are calculated after a very short time.
Explains that unemployment rate determines the number of unemployed persons in a given size of the labor force.

Explains that the cpi is a highly regarded economic indicator that measures the strength of the economy.
Explains that ppi and cpi are the earliest indices that are used to gauge inflation since they are calculated after a very short time.
Explains that unemployment rate determines the number of unemployed persons in a given size of the labor force.
Explains that inflation is an estimation of the pace at which prices of commodities and services in the economy of a country have changed.
Explains that the article teaches that majority belongs to the middle class in most economies. this means that if an economy boosts its strength, it should invest in it.
Explains that the article is called "middle class series: the american middle class, income inequality and the strength of our economy".
Explains the ten economic principles that are applied in the article. the first economic principle is that people face tradeoffs.
Explains that the real gdp is argued by many economists as the major economic indicator that is used to show the strength of the economy.

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Middle-Classness In The Middle Class
argumentative essay
The middle class is “people who have significant skills and perform varied tasks at work, under loose supervision. They earn enough to afford a comfortable, mainstream lifestyle. Most wear white collars, but some wear blue” (Gilbert 255). So then what does “Middle-Classness” mean? “Middle-Classness” can be defined by the habits, perspectives, practices, and beliefs that help people obtain/maintain status as part of the middle class. “Middle-Classness” also have cultural capital and social capital. The definition of cultural capital is noneconomic goods, such as family background and education, which are reflected in knowledge of language and the arts (Schaefer 13). On the other hand, social capital is the collective benefit of
In this essay, the author
- Defines "middle-classness" by the habits, perspectives, practices, and beliefs that help people obtain/maintain status as part of the middle class.
- Analyzes how middle-class parents push their children to achieve greatness by teaching them real-world skills.
- Explains that middle class families had many perspectives on different things, such as being competitive with and hostile towards siblings, and having weaker ties with extended family members.
- Defines "middle-classness" by the habits, perspectives, practices, and beliefs that help people obtain/maintain status as part of the middle class.
- Analyzes how middle-class parents push their children to achieve greatness by teaching them real-world skills.
- Explains that middle class families had many perspectives on different things, such as being competitive with and hostile towards siblings, and having weaker ties with extended family members.
- Explains that concerted cultivation and natural growth are two very different practices that parents use to raise their children.
- Explains that belief is a state of mind in which one thinks something is true, with or without evidence. middle class parents tend to believe that they know exactly how to help their child achieve greatness.
- Opines that habits, perspectives, practices, and beliefs can influence one’s ability to succeed within institutionalized structures like schools.
- Concludes that middle-class habits, perspectives, practices, and beliefs can be used to obtain and maintain their status as part of the middle class.
1307 words
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Analysis Of Rip The Middle Class
analytical essay
Hernandez states “In recent years, a significant body of research and analysis has documented the breakdown of the middle class and the impact of the current financial crisis on family income, housing, and jobs.” The middle class has a huge impact on the income, housing, and the jobs. If the middle class completly decline, it would affect the housing market because there would only be the rich and the poor. The poor would not be able to afford the housing. Their income would be low and would cause a huge gap between the rich and poor. That is why we need to sustain the middle class because without the middle class there would be economic
In this essay, the author
- Analyzes how edward mcclelland's essay "rip the middle class: 1946-2013" proves that there wouldn't be the middle class unless the government intervenes to balance out the economy.
- Explains that the middle class has declined by 6.8% between 1979-2014, based on a graph from forbes.
- Explains that the upper-middle class has increased by 16.5%, which is a drastic increase between the years 1979 to 2014.
- Analyzes how edward mcclelland's essay "rip the middle class: 1946-2013" proves that there wouldn't be the middle class unless the government intervenes to balance out the economy.
- Explains that the middle class has declined by 6.8% between 1979-2014, based on a graph from forbes.
- Explains that the upper-middle class has increased by 16.5%, which is a drastic increase between the years 1979 to 2014.
- Analyzes how edward mcclelland's essay supports the stance that the middle class is declining. the average salary of a high school dropout is $20,241.
- Analyzes how mcclelland uses a young couple as an example so we could better see the impact the changes in the middle class had overall.
- Analyzes how mcclelland claims that nixon realized that america's economic hegemony was coming to an end, and was to cushion the decline.
- Agrees with mcclelland and believes that the free market cannot sustain the middle class.
- Opines that the middle class has a huge impact on the income, housing, and jobs. without it, there would be economic inequality.
- Opines that the middle class is declining and agrees with mcclelland's points about how the times have changed.
926 words
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The Importance Of The American Middle Class
analytical essay
“There is a wide belief that Americans are less class conscious than Europeans” (Vanneman). Because the United States consumes more than any other country, the global economy relies on our consumption. “The middle class is an ambiguous social classification, broadly reflecting the ability to lead a comfortable life” (Kharas). During the industrial revolution, there were aristocrat traditions in royalty, class, and rank in Europe. In America, the industrial revolution was coming of a wealthy nation. The United States is has a two party system, Republicans and Democrats. The Democrats wanted more people in the middle class, mainly blacks and immigrants. The Republicans wanted to protect the people who were already in the middle class, whites, and successful working people. The middle class in America is sometimes threatened by its own success. “The definition of the middle class is the people of generic roots like Warren Buffett, Bill Gates, Robert Johnson, and Sam Walton can become billionaires” (Hockenberry). Not everyone who is in the middle class can become a billionaire and using their stories as an example is the death of the American
In this essay, the author
- Explains that the american middle class is defined as a social class in the united states.
- Explains that the middle class consists of four different parts: the top of the class, struggling middle, satisfied middle and anxious middle.
- Explains that the most worried and hardworking americans are in the very center of the class, the "anxious middle."
- Explains that the american middle class is defined as a social class in the united states.
- Explains that the middle class consists of four different parts: the top of the class, struggling middle, satisfied middle and anxious middle.
- Explains that the most worried and hardworking americans are in the very center of the class, the "anxious middle."
- Explains that the middle class in the united states is different from countries overseas. the industrial revolution was coming of a wealthy nation.
- Explains that the american middle class has many issues but only a few are seen as top priority. financial reform is at the top of the list.
- Explains that health care costs have been rising and doesn't allow many americans, many in the middle class, to receive the help that they need. president obama passed the affordable care act in march 2010 requiring insurance companies to cover any preventive care.
- Opines that to create true middle class security, we need to out-educate the competition. when people have the path to a higher education, it’s the pathway to brighter future and more opportunities.
- Argues that by helping responsible homeowners, the middle class will be able to buy the home that they want with more security and require ender to provide more information.
1049 words
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The Dream And The Inequality Of The American Dream
analytical essay
The opposite claim, as it were, is that the gap in income levels does not necessarily prevent the lower and middle classes from achieving the American Dream and that the supremely rich are a necessary fixation in the United States because they employ so many people. Therefore, the stability of the economy requires this inequality. In an essay written by Brandon King, who believes that the American Dream is still fully obtainable by all classes, he says, “...We should keep in mind the ways in which large businesses and financial insti-tutions enable many others to attain economic stability and security.” Although this view is very understandable and yes, the economy does partially rely on people of wealth for business, the excess wealth of those that own most of the money in the United States (not those of moderate wealth, but those who own the majority of it) is unnecessary and unbeneficial to the rest of the country. The majority find themselves unable to gain enough footing to provide themselves with the requisite materials to catch up to a world in which the list of imperative resources for success keeps growing longer and the ability to acquire these things keeps getting
In this essay, the author
- Argues that the american dream is a concept that is only accessible to the wealthy of american society. the wealthy gain more capital due to their control of necessary resources such as education.
- Argues that the american dream is still fully attainable for the rich, based on access to money and other resources which allow people to reap rewards. david leonhardt agrees with this claim.
- Analyzes how the american dream has regressed into a concept attainable mostly by those born into well-off families.
- Argues that the american dream is a concept that is only accessible to the wealthy of american society. the wealthy gain more capital due to their control of necessary resources such as education.
- Argues that the american dream is still fully attainable for the rich, based on access to money and other resources which allow people to reap rewards. david leonhardt agrees with this claim.
- Analyzes how the american dream has regressed into a concept attainable mostly by those born into well-off families.
- Opines that the inequality of the united states benefits the wealthy, but that it does not prevent the lower and middle classes from achieving the american dream.
814 words
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Income Inequality In The Middle Class
opinion essay
The plight of the middle class has become a controversial issue amongst the media as growing income inequality has risen in the nation’s consciousness (Boushey, 2012). The steady increase in income inequality in the United States is known to be actually shrinking the size of America’s middle class. (Miller, 2014). Famous philosopher, Aristotle, “pointed out that if the working class disappears, then the poor will become the majority. The poor are often less educated than the rich, and usually tend to struggle just to make ends meet. If the poor are the majority, then in a democracy they will vote to take away the money from the rich” (Why Inequality Matters, 2015).
In this essay, the author
- Explains that the plight of the middle class has become a controversial issue amongst the media as growing income inequality has risen in the nation’s consciousness.
- Opines that rising inequality and the financial stress on the middle class have prompted a closer investigation.
- Explains that income growth stalled for the middle class, but the livelihoods of those at the top continued to rise, further separating them from the rest of the working population.
- Explains that the plight of the middle class has become a controversial issue amongst the media as growing income inequality has risen in the nation’s consciousness.
- Opines that rising inequality and the financial stress on the middle class have prompted a closer investigation.
- Explains that income growth stalled for the middle class, but the livelihoods of those at the top continued to rise, further separating them from the rest of the working population.
- Opines that taking money from the middle classes has been wrenching candy from a dozy baby. their value system holds together, as vague, priggish and narcissistic as it is.
- Opines that the middle class and democracy share a common correlation that positively impacts economic prosperity. however, when you throw income inequality into the mix, economic growth hits the roadblock.
- Opines that policymakers should work to boost middle-class incomes and ensure that the essentials of a middle class lifestyle remain affordable. aristotle argues six fundamental reasons why democracy and economy withers.
- Opines that the best political community is formed by citizens of the middle class, and that those states are likely to be well-administered in which they are large and stronger than both the other classes.
- Analyzes how gar alperovitz, a professor at the university of maryland, explores particular problems in the middle class crisis, and breaks down the economic pains facing middle-class americans.
- Explains that the u.s. economy produces the equivalent of $170,000 for each family of four and stands as the wealthiest nation in the history of the world.
- Argues that alperovitz strongly advocates progressive tax strategies that address the income inequality issue in america.
- Opines that while the near-term prospects for trend-altering change through traditional strategies are poor, there are reasons to believe that the longer term is not without hope for very different policies.
- Opines that a strong middle class results in vibrant democracy and stable economy, but as it disappears, democracy follows. aristotle's six theoretical concepts were proposed to help clarify why it is important, while alperovitz focused on plans to promote economic growth.
1155 words
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United States of Inequality
opinion essay
Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted from the defects of capitalism supported by the capitalist economic system that has a high tendency to reward individuals or groups of people who have much capital. Although the American economic system guarantees equality of opportunity for all and is relatively the best economic system to be devised, capitalism enables the wealthiest of the wealthy to disproportionately gain more control of economic capital and increasingly move above and beyond the average standards of living. Therefore, in actuality capitalism does not ensure equality of opportunity for all and would be ideal for the wealth members of society.
In this essay, the author
- Analyzes how capitalism has been the central force behind the growth of the united states' progressive economy.
- Opines that despite the unwavering economic disparity caused by the flaws of capitalism and other dooming views, it allows:
- Explains that businesses organize economic resources to produce goods and/or serviced. entrepreneurs can continuously [form] and [establish new innovations] to discover new and better ways to use resources.
- Analyzes how capitalism has been the central force behind the growth of the united states' progressive economy.
- Opines that despite the unwavering economic disparity caused by the flaws of capitalism and other dooming views, it allows:
- Explains that businesses organize economic resources to produce goods and/or serviced. entrepreneurs can continuously [form] and [establish new innovations] to discover new and better ways to use resources.
- Explains that capitalism encourages a higher standard of living of the overall quality of life in the us, through successful accomplishments of many businesses, corporations, and banks.
- Explains that the us is a combination of meritocracy, class privilege, and wealth.
- Explains that the government's role is critical whereas the legislations they pass can speed up or slow down the widening gap of economic inequality.
- Explains that republicans presidents ronald reagan and the two bushes father and son redistributed wealth upward, accounting for tax breaks for the wealthy than working class citizens.
- Opines that the reagan years had a higher average economic growth and interest rates, inflation, and unemployment fell faster than pre-regime years. however, no progress was made on the issue of economic inequality.
- Analyzes how michael moore's film capitalism: a love story argues that the influence of certain individuals, corporations, and banks in politics is overwhelming.
- Argues that the stereotype that holds that majority of the wealthy men and women serve in government occupy position in financial regulations is partly true.
- Explains that globalization is the integration of states/countries through high level contact, communication, and trade that binds them into a common fate.
- Opines that the magnitude of unions is on a continuous decline and that businesses are exploiting their power to illegally gain more wealth.
- Opines that the hope for a more equality in wealth distribution should not be discarded. the method of correction must be strongly executed along with democratic principles.
- Opines that the government should increase taxes on the wealthy based on their income, redistributing the revenue collected as taxes to especially the middle and lower class citizens.
- Cites berliner, uri, and google's article, haves and have-nots: income inequality in america.
- Analyzes how ellis, sara, argues against fixing income inequality.
- Explains gutman, huck. economic inequality in us. n.p., 1 july 2002.
- Explains moberg, david. to achieve economic equality, american workers need unions.
- Explains that moore, michael, dir. capitalism: a love story. narr. michael moore. overture films.
- Explains niskanen, william a., and stephen moore's policy analysis.
- Explains that public affairs department, federal reserve bank. everyday economics. n.p.
2285 words
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The American Middle Class
analytical essay
When we as human beings are born into this world, there are things that we have control over, and other things that we have no say in. We control what we do with our lives, what schools to attend, what activities to be a part of, and who we marry, for example. This seems to be quite fair, and for the most part, we take it for granted. While we do have these kinds of freedoms, there are other aspects of life that we have no control over. One thing that we are born into, is our social class. No matter who you are, there is a social class that you fall into, and you really have no say in it. The one social class that seems to be the most populated is the middle, or working class. These people usually classify themselves as being as normal, or as ordinary as they come. While that seems to be the common thought, there are plenty of middle class families that aren't as normal as they think. Depending on what class you belong to, your perception of "normal" tends to vary. So what exactly is "normal" to the average, middle, working class family?
In this essay, the author
- Explains that we are born into a social class, and we have no say in it. the middle class is the most populated, but middle-class families aren't as normal.
- Explains that their family is made up of five people, including their mom, dad, and two younger sisters. they are all practicing catholics and attend private, catholic schools.
- Analyzes how lance arthur's "my stupid childhood" describes a typical day in the summer, and things he did to stay busy.
- Explains that we are born into a social class, and we have no say in it. the middle class is the most populated, but middle-class families aren't as normal.
- Explains that their family is made up of five people, including their mom, dad, and two younger sisters. they are all practicing catholics and attend private, catholic schools.
- Analyzes how lance arthur's "my stupid childhood" describes a typical day in the summer, and things he did to stay busy.
- Narrates how arthur's story matches their feelings when they were growing up and reminds them where they came from.
- Opines that television plays a big role in our country's depiction of normal. they believe that middle-class and normal go hand in hand.
- Analyzes how arthur's quote, "children aren't curious and ignorant, either. they're just stupid." being born into a social class is something that every person should be proud of.
1474 words
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Essay On The Importance Of A Strong Middle Class
analytical essay
Having a strong middle class indicates that America’s democracy will be effervescent and its economy will be beneficial, which will lead to the notion of precisely what America is all about. The setback is that the weakness of America’s middle class not only harms those affected by it, but all other individuals living in the U.S as well. America’s incomes are deteriorating or weakening, while items necessary to live increase in cost, and the probabilities of falling behind are beginning to develop. It is important that the gap between the upper class and the lower class is condensed, this way a strong middle class will be emitted. The modern persona of middle class citizens in America derives from the post World War II era. In 1944, the GI Bill was created to provide returning veterans with money to cover college, business, and home mortgages. This money gave servicemen the opportunity to afford a home of their own for the first time ever resulting in the vast proliferation of residential construction. This was how American subdivision commenced (Suddath). The fault in the subdivision initiated when the strong gap between the upper class and the lower class formed due to income inequality, race and gender disparities, education, and technology. The American government is working to rejuvenate the middle class and shorten the gap between the upper and lower class. In 2012, Vice President Joe Biden stated, "America's middle class is hurting, it is our charge to get the middle class — the backbone of this country — up and running again" (“A Strong” n.d.). The revitalization of America’s middle class is possible. In order to do so, the costs ...
In this essay, the author
- Argues that a strong middle class indicates that america's democracy will be effervescent and its economy will benefit.
- Argues that america's wealth and solidity has been fixed on a large and firm middle class for decades.
- Explains that america's middle class was of great historical importance. it ascended from postwar and post-depression america.
- Argues that a strong middle class indicates that america's democracy will be effervescent and its economy will benefit.
- Argues that america's wealth and solidity has been fixed on a large and firm middle class for decades.
- Explains that america's middle class was of great historical importance. it ascended from postwar and post-depression america.
- Explains that the "golden era" of the 1920's was a time when inequality of wealth and income was an issue.
- Describes 44 facts about the death of the middle class that every american should know.
- Explains that one out of every ten jobs in the united states is now filled through a temp agency.
- Explains that income inequality is the imbalanced division of household or distinctive income within several members in an economy.
1570 words
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The Great American Divide
analytical essay
Sachs, J. D. (2011). Why America Must Revive its Middle Class. Time. 178(14). Ps. 30-32.
In this essay, the author
- Analyzes how time's "the great american divide" reports on money and how the gap between rich and poor is widening. it also reflects on inflation, economic growth, political stability, and taxes.
- Explains sachs, j. d. (2011), why america must revive its middle class.
- Analyzes how the us economy is experiencing a "double-dip" recession, with jobs being shipped overseas at an alarming rate. the fed has tried to turn the economy around through money control.
- Analyzes how time's "the great american divide" reports on money and how the gap between rich and poor is widening. it also reflects on inflation, economic growth, political stability, and taxes.
- Explains sachs, j. d. (2011), why america must revive its middle class.
- Analyzes how the us economy is experiencing a "double-dip" recession, with jobs being shipped overseas at an alarming rate. the fed has tried to turn the economy around through money control.
- Analyzes how a poll conducted by time and money evaluates american's view of the american dream and money.
1346 words
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Middle-Class Economics: The Definition Of Middle Class
analytical essay
America has been known for its large population of wealthy middle class. But is it no longer the case with shrinking size of middle class since the year 2000. To uplift the middle class and narrowing the inequality gap, President Barack Obama proposed a plan to address the “Middle-Class Economics.” However, middle class can be a tricky term when most American identified themselves as middle class. To better identify the target beneficiary of such policy, this essay will discuss the definition of middle class, the meaning of middle-class lifestyle and who falls into the category of middle class.
In this essay, the author
- Explains that america has been known for its large population of wealthy middle class, but is it no longer the case? president barack obama proposed a plan to address the "middle-class economics."
- Explains that middle class has been evaluated from multiple perspectives including income, aspiration, net wealth, consumption and demographics.
- Analyzes how the middle class is struggling to make ends meet because of stagnant income, rising cost of living, drop in net wealth, and weak job market.
- Explains that america has been known for its large population of wealthy middle class, but is it no longer the case? president barack obama proposed a plan to address the "middle-class economics."
- Explains that middle class has been evaluated from multiple perspectives including income, aspiration, net wealth, consumption and demographics.
- Analyzes how the middle class is struggling to make ends meet because of stagnant income, rising cost of living, drop in net wealth, and weak job market.
473 words
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Analysis Of Paul Krugman's 'Confronting Inequality'
analytical essay
In Confronting Inequality, Paul Krugman discusses the cost of inequality and possible solutions. Krugman argues to say that it is a fantasy to believe the rich live just like the middle class. Then, he goes into detail about how middle class families struggle to try to give their children a better life and how education plays a factor in children’s future lives. For example, children’s ability to move into higher education could be affected by their parents economic status. Also, He discusses how politicians play a role in the inequality, because most of politicians are in the upper economic class. Finally, Krugman says how we could possibly have solutions to these various inequalities, but how America won’t get
In this essay, the author
- Analyzes how krugman discusses the cost of inequality and possible solutions. he argues that the country has inequality toward the middle class and that they could be fixed.
- Analyzes how krugman's use of ethos is apparent through the chapter.
- Analyzes how krugman appeals to the reader's compassionate side. he explains that middle-class families are spending less on luxuries and more on trying to get into a good school district.
- Analyzes how krugman discusses the cost of inequality and possible solutions. he argues that the country has inequality toward the middle class and that they could be fixed.
- Analyzes how krugman's use of ethos is apparent through the chapter.
- Analyzes how krugman appeals to the reader's compassionate side. he explains that middle-class families are spending less on luxuries and more on trying to get into a good school district.
758 words
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Income Inequality in the United States
opinion essay
Income inequality not only harms us fiscally, but also affects our mental and physical wellbeing; therefore, it is important to identify the right ways to control wealth distribution among people.
In this essay, the author
- Opines that income inequality harms us fiscally, but also affects our mental and physical wellbeing. it is important to identify the right ways to control wealth distribution among people.
- Compares the incomes of the top 5 percent and the lowest-income fifth in the period 1979-2009.
- Explains income gains by the top one percent increased by over 30 percent between 2009 and 2012, while for the rest income went up by less than half a percent.
- Opines that income inequality harms us fiscally, but also affects our mental and physical wellbeing. it is important to identify the right ways to control wealth distribution among people.
- Compares the incomes of the top 5 percent and the lowest-income fifth in the period 1979-2009.
- Explains income gains by the top one percent increased by over 30 percent between 2009 and 2012, while for the rest income went up by less than half a percent.
- Explains that competition with other countries, corporate greed, tax policies, and technological growth are the primary causes of income inequality.
- Explains that u.s. companies have to compete with lower-priced chinese and indian companies who pay less to their workers.
- Analyzes how income inequality contributes directly to the world's social problems. richard g. wilkinson and kate e. pickett suggest that many social issues are more common in more unequal societies.
- Explains that low levels of trust among people are common in u.s. states with higher income inequality.
- Compares the u.s.'s healthcare system with that of cuba, which invests in preventive care, while the us spends vast amounts of money on insurance company charges, high physician fees, and expensive high tech treatments.
- Explains that income inequality in the united states has increased and decreased throughout history, but in recent years, the widening gap has become a serious issue.
- Explains that the united states is the most unequal in the world's wealthiest countries, and the consumption of antidepressants increased by 400%.
- Explains that america leads the world in obesity, and that poor educational performance goes hand in hand with income inequality.
- Opines that since ben bernanke was replaced by janet yellen, the situation with income inequality may improve.
- Explains how john d. sutter, a cnn opinion columnist, met frededreia willis in lake province, louisiana, who inspired him to share ways that could and should change in our society.
- Explains that income inequality is caused by competition with other countries, corporate greed, tax policies, and technological growth.
3100 words
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Inequality for all
analytical essay
Going back to 1978, the typical male worker was making around 48,000 dollars per year while the average person in the wealthy group of the 1 percent earned 390,000 dollars per year. By 2010, the typical male worker earned less than in 1978 whereas the person in the top 1 percent earned more than twice as much as before. Today in America, 400 people have more wealth than half the population of the United States. Reich explains that a strong middle class is what gives our economy stability. This leads to the fact, that 70 percent of the economy is based on the consumer. If the middle class’ wages declin...
In this essay, the author
- Analyzes how jacob kornbluth's "inequality for all" begins with robert reich asking students three questions about the uneven distribution of wealth.
- Analyzes how reich explains that a strong middle class is what gives our economy stability, which leads to companies cutting back, tax revenues shrinking, and government cutting programs.
- Analyzes how robert explains the economic trends that have occurred and changed our economy.
- Analyzes how jacob kornbluth's "inequality for all" begins with robert reich asking students three questions about the uneven distribution of wealth.
- Analyzes how reich explains that a strong middle class is what gives our economy stability, which leads to companies cutting back, tax revenues shrinking, and government cutting programs.
- Analyzes how robert explains the economic trends that have occurred and changed our economy.
- Analyzes how reich highlights the fact that you cannot "earn" or "build" wealth. people would have less concern for inequality of income and wealth if everyone actually had a chance to make it.
- Analyzes how the economy boomed after world war 2, and the g.i bill paid for college tuition for returning soldiers. by the 1950s, america had the best workforce in the world and many labor unions.
- Analyzes how reich uses examples of ordinary people who are going through our bad economy. erika vaclav makes 21.50 dollars an hour at cosco and can barely afford to support her family.
- Analyzes how robert reich concludes the movie by telling his students that we don't need to be elected president of the united states or secretary of labor to have a huge impact.
691 words
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The Inequalities of Income Investment Growth
analytical essay
The next hypothesis, which states that the elites have taken the characteristics and behaviors of wealthy investors, the results indicate that in the early 1990s only 14% of the affluent households own portfolios of stocks worth more than $2 million. Then, this percentage of elite households multiplied to 41% in 2001. Moreover, the results also show the rises and declines of no involvement in the labor force among the elites. These findings suggests that when the economy is good most of the elites live of their investments instead of their actual jobs, and when the economy is not so great they start to involve again in the labor market. Although these findings indicate that the top one percent investments are easily growing, there is not much support to prove the second hypothesis of the behavior of elites as wealthy investors.
In this essay, the author
- Analyzes michael nau's study on economic elites, investments, and income inequality, which emphasizes the importance of adding wealth and property ownership to the study of inequality.
- Analyzes how the income share of the top one percent rises twenty percent in the 1990s and then declines in early 2000s due to the housing bubble.
- Explains the first hypothesis, which states that the elite and the top's income was driven by the growth of the investment income.
- Analyzes michael nau's study on economic elites, investments, and income inequality, which emphasizes the importance of adding wealth and property ownership to the study of inequality.
- Analyzes how the income share of the top one percent rises twenty percent in the 1990s and then declines in early 2000s due to the housing bubble.
- Explains the first hypothesis, which states that the elite and the top's income was driven by the growth of the investment income.
- Explains that the elites have taken the characteristics and behaviors of wealthy investors. in the early 1990s only 14% of affluent households own portfolios of stocks worth more than $2 million.
- Explains how nau argues that labor markets and wages cannot describe the recent concentration of vast amounts of income among the elites and the one percent.
- Explains that the federal reserve board's survey of consumer finances (scf) was the study used for its main analysis.
1240 words
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Shrinking Middle class
analytical essay
The most often cited cause of the decline of the middle class in the United States is stagnant wages. Between 1955 and 1970, real wages adjusted and inflation rose by an average of 2.5 percent per year. Between 1971 and 1994, the average growth of real wages was 0.3 percent a year. The stagnation of wages has been especially noticeable to middle-class people, who rely very much on the money they make at their jobs. Recessions seem to hit higher income households much harder, which sends them down to the middle class. Middle-income households may or may not be more likely than higher-income households to qualify for unemployment compensation when jobs are scarce. But those who do are more likely than high-income households to receive benefits that replace a greater share of their regular wages, which helps them maintai...
In this essay, the author
- Explains that in the united states, the middle class is put into a strange socioeconomic category.
- Explains that they look at education, race, family, income, gender, and how many people are in their household. the share of households with incomes of $75,000 or more has doubled in the past 24 years.
- Explains that stagnant wages have led to the decline of the middle class in the united states.
- Explains that in the united states, the middle class is put into a strange socioeconomic category.
- Explains that they look at education, race, family, income, gender, and how many people are in their household. the share of households with incomes of $75,000 or more has doubled in the past 24 years.
- Explains that stagnant wages have led to the decline of the middle class in the united states.
- Analyzes how an economic shift sent shock through the nation's consumer mentality.
- Analyzes how adam smith and thorstein veblen's "theory of the leisure class" argued that in affluent societies, spending becomes the vehicle through which people establish social position.
- Explains that data generated by the census bureau, the bureau of labor statistics, and the federal reserve oppose claims commonly made.
- Explains that the reagan era was the best for middle- and lower-income american families.
- Argues that the wealth inequality debate should focus on what public policies will aid the accumulation of wealth by more, not fewer, american families.
986 words
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