Income Inequality in America and its Contributing Factors

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Income inequality is a major asset to the economy in America and the world. Income Inequality is the imbalanced circulation of a household or individual income across the various individuals within an economy. According to the; Family Structure and Income Inequality in Families with Children article indicated that between years 1976 and 2000, family structure shifts was a key factor with the increase in inequality in America. (Martin, M. A. (2006)). As well, the article states that in the U.S. income inequality launched rapidly during the 70’s and did not even out until the late 90’s. The main causes to income inequality were earnings made and the number of single parent homes. (Martin, M. A. (2006)). As the years went on in our country, inflation increased and the value of the dollar has decreased. Many folks are working average jobs to make ends meet and the cost of goods and services in our country are growing fast but the wages are not.
Although income inequality is a huge factor to stature of our economy, according to the National Review article, Liberals identifies income inequality as a major concern, as it leads to more problems such as home loss and not being able to make ends meet. Also as stated in the article, the poor and middle class are quickly falling below the wealthy, wages not increasing or weak jobs. Liberals tend to see income inequality as the disease, and conservatives tend to see it as a symptom. A symptom to means that it is up to the individual to fix it and not the government. (Goldberg, Jonah, www.thenationalreview.com). Although the government does play a major factor when it comes to income inequality, there are many other contributions in particular among racial and ethical groups that caused high...

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...s the youth very little hope for a future. As stated by Lui in his article the U.S. incarceration rate currently stands at the highest in the world. As well instead of buying more prisons, programs can be created to provide jobs to the youth. Meizhu Lui (2012: 167). When you have no guidance or place to be productive, in a impoverish neighborhood, they will find a way to make money and it may not always be in a positive way. If we put our youth to work, give them an opportunity to gain the right skills for the work force and even push them to become business owners, I believe we can bridge that gap between the minority and non-minority. This will not change unless enough folks come together, unless youth rise and show the government that there are youth out here ready to work and build a nation to achieve their American Dream and be a success in growing the economy.

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