Essay on Why The Rich Are Getting Richer And Poor Poorer

Essay on Why The Rich Are Getting Richer And Poor Poorer

Length: 1067 words (3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

The entire world attempts to make a better life for themselves; however, too often the majority of the people of a country will suffer more from their technology than benefit from them. As technology increases the wealth distribution in the United States has shifted from all having relatively equal wealth to the rich becoming even more rich than everyone else. Since the 1970’s the wealthy have gained more wealth while the lower and middle class have begun to suffer shown by “…the share of total household wealth owned by the top 0.1 percent increasing to 22 percent in 2012 from 7 percent in the late 1970s” (Saez, & Zucman, 2014, Np). Robert Reich in “Why the Rich are Getting Richer and the Poor Poorer,” discusses the inequality that technology brings to society and the benefits that the rich receive from it while the lower and middle class struggle to find jobs because of it. Although technology benefits society in many ways, it decreases the wealth of the lower and upper classes while raising the rich even higher.
The lower class descends faster into poverty as jobs become scarcer for these workers. The lower class, in Reich’s essay, is filled with the people that provide a product rather than a service, an example would be factory workers. The people in this boat are sinking quickly into poverty because the CEO’s of companies attempt to cut costs of producing products. They do this by either outsourcing the factory positions to other countries, where people are willing to work for cheaper wages, or turn to machines to perform the same operations as people at a cheaper and faster rate. The factories that stay in the United States as Reich observes, “… the foreign-owned factories are highly automated and will become far more so in ...


... middle of paper ...


...heir work thus driving the price up of new artistry. An effect of this that as prices rise, the less money the first and second boats have to provide for themselves since they continue to desire this art. The third boat, by not concerning itself with the exploitation of the poor continues to rise steadily in wealth.
Reich uses the examples of the boats as an effective visual in that one boat cannot rise without a different boat sinking, or in this case, everyone except the rich. The rich are able to influence the government by using their money into suppressing the poor, and the upper class gain more money and power in the process. Too often the love of money by those in power drives them to attempt to get ahead no matter the consequences to others. The benefits of technology have only assisted in the rich in keeping the poor subdued to their low standard of living.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Why The Rich Are Getting Richer And Poor Poorer? Essay example

- A problem America is experiencing is the economic growth, it is a problem because the wealth growth is only affecting the rich. It is as simple as this, the rich are getting richer and the poor are getting poorer. Robert Reich points this out in his text, Why the Rich Are Getting Richer and the Poor, Poorer. This has been a problem recurring since the industrial revolution, because of the labor groups being stuck in that position. Also, the mergers, and lawyers cycle around their money through lawsuits, and takeovers....   [tags: Working class, United States, Poverty, Economy]

Better Essays
1223 words (3.5 pages)

The Rich Are Getting Richer And The Poor, Poorer By Robert Reich Essay

- Economics of Reich “Why the Rich are getting Richer and the Poor, Poorer” written by Robert Reich, describes as the title says, why the rich are getting richer and the poor, poorer. In Reich’s essay he delves into numerous reasons and gives examples of each. It makes one wonder if the world will continue on the path of complete economic separation between the rich and the poor. One very important factor Reich examines in his essay is that large corporations are always trying to find the edge, whether that is new technology or cheaper wages....   [tags: Working class, Social class, Wage, Minimum wage]

Better Essays
917 words (2.6 pages)

Essay about Why the Rich are Getting Richer and the Poor, Poorer

- The report of Robert Reich: “Why the Rich are getting Richer and the Poor, Poorer,” is an eye opener and a warning for society regarding unemployment that it will be facing and is currently facing due to a lack of technology and education. It clearly articulates that the jobs of routine producers and in-person servers have vanished totally as modern techniques have replaced them. The author has stated that the only people whose jobs are on the rise are symbol analysts. As stated in the report, symbol analysts are the real problem solvers....   [tags: Robert Reich]

Better Essays
1571 words (4.5 pages)

Essay on Why The Rich Are Getting Richer And The Poor, Poorer

- Robert Reich has demonstrated in his essay "Why the Rich Are Getting Richer and the Poor, Poorer" that job opportunities for all three groups of workers has decreased. Through his metaphor of the three boats that rise and fall with the tides, Reich was able to present how the American economy transitioned from having everyone on the same economic boat to having people on three different kinds of boats, depending on their economic role, who are all trying to survive the tides that attack each boat differently....   [tags: Immigration to the United States, United States]

Better Essays
1363 words (3.9 pages)

Why The Rich Are Getting Richer And Poor Poorer Essay

- In the book by Jacobus, A World of Ideas, Robert Reich wrote the article, “Why the Rich are Getting Richer and the Poor, Poorer,” and he uses a metaphor to describe the three economic groups that are now in different boats. He compares how the routine producers’ boats and the in-person servers’ boats are sinking while the symbolic analyst is rising. He also discusses how immigration and technology increases competition jobs of routine producers and in-person servers which makes their boats sink , while the symbolic analysts are in great demand....   [tags: Academic degree, Master's degree]

Better Essays
1000 words (2.9 pages)

Essay on Why The Rich Are Getting Richer And Poor Poorer

- The entire world attempts to make a better life for themselves; however, too often the majority of the people of a country will suffer more from their technology than benefit from them. As technology increases the wealth distribution in the United States has shifted from all having relatively equal wealth to the rich becoming even more rich than everyone else. Since the 1970’s the wealthy have gained more wealth while the lower and middle class have begun to suffer shown by “…the share of total household wealth owned by the top 0.1 percent increasing to 22 percent in 2012 from 7 percent in the late 1970s” (Saez, & Zucman, 2014, Np)....   [tags: Wealth, Working class, Upper class, Middle class]

Better Essays
1067 words (3 pages)

The Rich Are Getting Richer and the Poor, Poorer Essay

- With the poverty rate at a 15.0 percent in the 2012 Census Bureau, Americans who signify this disturbing figure should fight to demand tax increase of the upper class. According to DeNavas et al., “there were 46.5 million Americans living in poverty (DeNavas et al.).” In affects to the Bush tax cuts, numerical data proves poverty rate besides measure of poverty are immobile; contrast to former estimates reckoned in earlier years. As rich people carry on clasping extreme salaries, the poverty rate remains simultaneously impacted....   [tags: rich people, poverty, social classes, taxes]

Better Essays
1184 words (3.4 pages)

Why The Rich Are Getting Richer And The Poor, Poorer By Robert Reich Essay

- Our society and culture, and our population is rising steadfast and the state of our economy is coercing people into working harder, often times pushing them beyond their capacity. In the essay “Why the Rich are Getting Richer and the Poor, Poorer” by Robert Reich, a professor and lecturer at the University of California Berkley, postulates that our economic state and structure is failing and that most citizens will now or at some point have to compete and fight for any chance of finding or keeping any type of employment....   [tags: Psychological trauma]

Better Essays
1100 words (3.1 pages)

Why Do the Rich Get Richer and the Poor Get Poorer? Essay

- Financial independence is a destination for some, an idea, a journey, a place, or position in life that we're all hoping to attain one day. Why is it that in one of the richest country on earth that only 10 percent of the population holds 90 percent of its wealth. Is it our education system fault, our parents, or the government's fault. This question has been asked by various individuals and some societies as a whole for quite some time. In his book Rich Dad Poor Dad Robert Kiyosaki addresses the question of why do the rich get richer and the poor get poorer....   [tags: financial, independence, business, plan]

Better Essays
1256 words (3.6 pages)

The Rich get Richer and the Poor get Poorer Essay

- "The Rich get Richer and the Poor get Poorer" Living in the United States of America allows for many freedoms and opportunities to its citizens. Growing up, children learn that in the United States means that everyone is treated equally, and fairly. In addition, one is made to believe that a prejudiced outlook on minorities is a problem of the past. Jeffrey Reiman's article, "The Rich get Richer and the Poor get poorer," displays the truth of how the real world is. The article shows a clearer picture as to how destitute and African American people are treated extremely different then Caucasians do....   [tags: Wealth Poverty]

Free Essays
655 words (1.9 pages)