Friday, April 26, 2019

Inequality and Politics in the United States Essay

Inequality and politics in the United States - Essay ExampleThe following discussion aims at addressing sparing and political divergence and discusses the role of social movements in improving the lives of the poor in society.Some of the important economic challenges face the United States and other developed economies be the increase in economic inequality. Over the last twain decades, no other industrialized country in the world has a bigger gap amidst wage growth and productivity growth than the U.S. The U.S economic inequality is at historically high levels because there is a bully disparity in the way wages and income are distributed. Americans today live in an unequal society characterized by higher gaps in wages, income and wealthiness. Most poor and middle class households are left out in matters of economic growth and they watch as the GDP, stock markets, productivity and unified profits rise e very(prenominal)day while their incomes stagnate or grow at a very slo w rate (Kenworthy and Smeeding 31).The stock market has risen to 60 percent the GDP is up by 8 percent nationally while the median house hold income has fallen by 5 percent. From the year 1979 to 2007, the richest 1 percent of the population experienced tripling of incomes while those of the middle households rose scarce to about 25 percent. Currently, the richest 1 percent claims ownership to over 60 percent of the total wealth while 5 percent of the richest people claim over 60 percent of the total wealth in the United States. The gender and racial gap in wages, incomes and wealth has also widened throughout the period. speckle racial segregation has reduced in the last ten years, economic segregation has been on the rise.The great recession through 2010/2011 had its negative effects on the U.S. economy. Indeed it has permanently and negatively changed the level of intumesce being as well as the distribution of resources in the whole country. With the nations economic growth ab ruptly halted during the 2008 recession, many workers turned

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