Economic Inequality And Economic Disparities

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INEQUALITY: CAUSE AND CONSEQUENCES In the United States the land of equal opportunity one might be surprised to find a great deal of economic disparity. Research on the topic was not extensive until a rise in economic disparities over the past thirty years grabbed researcher’s attention. This research would reveal that economic inequality was not just some random conclusion, but legitimate cause and patterns of these causes could be traced It would also uncover the consequences economic inequality had on social and political life. Research not only focused on economic inequality in America but also globally, researchers have also greatly expanded on literature concerning economic disparities with hope of raising the consciousness of the people and penetrating the heart of the social problem of economic inequality that many are faced with (Neckerman, Torche 2007). Economic inequality has been on the rise in America for more than two decades. This socially divisive trend emerged from the sluggish economy of the 1970s and continued through the booming 1980s, when surging tides clearly failed to lift all ships. Instead, escalating inequality in both individual earnings and family income widened the gulf between rich and poor and led to the much-publicized decline of the middle class (Gottschalk, P. (1993). I believe economic disparity is a social problem simply because of the definition of economic inequality which is self-explanatory when things are unequal this almost always leads to negative consequences and things seem to be unfair. Those that fall on the downside of the inequality are more likely to be face with poor housing, conditions, poor healthcare, and most importantly the will be faced with poor educational opportunity ... ... middle of paper ... ...owing interdisciplinary inquiry in inequality. The Russell Sage Foundations’ Research program on inequality is based off Sociologists can make a distinctive however sociologists can make a distinctive contribution by taking advantage of disciplinary strength. Much research has been done on the patterns and cause of inequality over the past two decades (Neckerman and Torche 2007). The consequences on individual’s perception and interpretation of inequality are mediated by social relation institutions and culture context. Sociologist can advance research on inequality by bringing discipline based expertise to be not only on the organization and political economy of firms and labor market but also on the pathway through which inequality has an effects and the sound political and cultural contingencies that might modify this effects (Neckerman and Torche 2007).

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