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Problems with the gap between poor and rich
Socio economic effects of industrial revolution
Socio economic effects of industrial revolution
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The world that we live in today has economic inequality and its only increasing. The richest people and countries are only growing wealthier and the poorest people and countries are growing poorer and poorer each day. This is due to a lack of nationalism, unfair working laws, corporations and developed wealthy countries taking over and stealing resources from less developed countries.
Economic inequality started during the Industrial revolution. The industrial revolution created jobs and, for the upper and middle class, a more comfortable way of living. Businessmen and manufactures and the upper class were able to afford nicer place to live and better food options, which in turn resulted in less diseases and a longer life. The lower class had menial job in factories and got paid very little. Because they didn’t have a lot of income they couldn’t afford to buy good food or live in nice areas. Many people had to live in a small confined dirty place with other families and this resulted in a lot of illness and death. This was the start of the economic gap. The rich were getting richer and the poor were getting poorer. This caused the lower class to initiate strikes in order to get better working conditions and fairer treatment.
The industrial revolution used the economic system of capitalism to maintain their wealth and produce more capital. They also depended on consumerism because many goods were made available during to the industrial revolution. And their economy depended on people buy the consumer goods. To keep wages down factories used women and children as ”reserve labor”(lect11). This was the start of the movement towards feminism for women. Women wanted to be treated the same and felt that they shouldn’t be the reserves....
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...nhappy with it. People should get together and stand up for what they think is right and maybe they can change the way wealth is split in our society.
Unfortunately economic inequality has happened in history and is still prevalent today. Thanks to power and money hungry corporations, a decrease in nationalism, unfair working conditions, and imperialism the rich have been getting wealthier and the poor are getting poorer. This needs to be changed in out society. We need to have more regulations on corporations and have more say in our government. If the government doesn’t do something to change this people are going to lose faith in their country and then they are not going to want to do anything for their country. If the gap of economic equality is fixed I think that a lot of the world problems would decrease or go away and every country would be better off.
Jared Diamond makes a great and compelling argument about how inequality across the entire globe originated. The main components that were agreeing with this argument were guns germs and steel. Guns meaning the advancement in weaponry, military warfare and military sophistication. Germs meaning the harmful disease and other foul illness that wiped out humans throughout History. Then the third and final point steel, which was about the advancement in societies and the complex sophistication with their technology, which lead to building great architecture and devices that were completely impactful.
Men were considered as the breadwinner and women were supposed to do the household work and take care of children. But in fact, the Industrial Revolution in part was fuelled by the economic necessity of many women, single and married, to find waged work outside their home.
Taking Sides Summary-Analysis Form. Title and Author of Article: Christopher Jencks. Briefly state the main idea of this article: The main idea of this article is that economic inequality has steadily risen in the United States between the richest people and the poorest people. And this inequality affects the people in more ways than buying power; it also affects education, life expectancy, living conditions and possibly happiness.
Wealth inequality did not always exist in human life. In fact, “Human life have not only been changed, but revolutionized, within the past hundred years” (Carnegie 1). There used to be
Inside of this video, this guy really targets an issue nobody has really been presented. He shows charts that talk about how we Americans think our wealth is distributed. We think distribution is doing alright. Americans think that the bottom 40% is getting a bit of money. They also believe that the middle class is doing reasonably well. Unfortunately, that is not the case. In the video, he breaks it down a little bit getter. He shows a graph that shows how money is actually being distributed. The poorest of poor don 't even register on the poverty line. The middle class is barely making it. And then there is this huge difference between "the rich" and the poor. It is proven that the 1% of America has 40% of the entire nation 's wealth ("Wealth Inequality in America."). The bottom 80% of America only share 7% of the nation 's wealth among themselves. The top 1% has 50% of the stocks, bonds, and mutual funds. The bottom 50% of Americans only own 0.5% ("Wealth Inequality in America."). The poor is not just getting by but they are scraping and fighting to get by. Now that it is clear that there is a lot of poor people in America, it is important to figure out how to fix
America in today's society is burdened with many economic and political problems that have begun to plague the nation. Controversial topics are constantly being debated from sunrise to sunset across the country with supporters and those who oppose each bearing various levels of financial and political misfortune. With the numerous economic and political problems that affect the nation, the argument over the issue of income inequality is one of the most notable. Creating a political civil war, proponents from both sides have brought the issue into national view and debate has grown substantially within recent years.
Time is Money A plethora of research studies exist on the topic of wealth inequality in America. There is no question that the top one percent of earners consume a large portion of wealth in this country, while the other 90 percent of earners share the left-overs. Some of the related questions that I found during the course of my research are: 1) Why are wealth and income distributions so vastly disproportionate? 2) Can America bridge the wealth gap? 3)
There are many people that think there is economic and wealth equality in the United States , but with all the statistics I provided it can be clearly seen that inequality in America is a serious issue , and it's getting worse with every year. I do believe that there should be some income inequality because that drives people to succeed , but I also believe that too much inequality limits a lot of people from achieving financial success.
The United States has a pervasive issue of income inequality (Volscho & Kelly, 2012). While the wealthy few live in absurd abundance, poor hardworking individuals often cannot afford basic necessities. Such a dynamic is not only an affront to the ideals of equality of opportunity, but also may increase crime as a result of relative deprivation and lack of legitimate opportunities to achieve (Thio, 2010). This essay describes the magnitude of income inequality in the United States, reveals barriers that obscures its magnitude, and suggests a starting point from which corrective measures might develop.
Inequality as previously mentioned is a subject that gets debated when brought up and in any debate there is two sides. In class we have discussed both side of the story of inequality, and it has give me a better perspectives of income inequality. When discussion income inequality, we brought up the concept of the economic pie in which states that the economic pie is a reference to the way income gets distributed among the lower, middle, and higher class of America. So the concept of the economic pie states that the rich is getting richer, so they are
...ment, income inequality will exist due to the rise of some economically successful people and the further development of factors that push people into poverty. Although it may not seem fair that there are rich people blowing money on impractical and meaningless things while people live in poverty, it’s a reality that the United States has experienced for centuries.
America 's economy is dependent on the middle class. Slowly, the middle class is beginning to decrease. Soon enough there will be only the wealthy and the poor. Economic inequality is the gap between the upper class and the lower class. It is a problem that is growing everyday. Technology, education, race, gender, and globalization are the main causes of economic inequality. Each one of these causes contributes to the vicious cycle of economic inequality. The battle for our country 's financial wellbeing is upon us.
Inequality has always existed in some form or another in the world. It takes shape in various forms like, gender, race, and age. These systems of inequality are caused by uneven distribution of goods and disparity between people. They are important to recognize because they shape how society acts and reacts to everyone’s differences, and educates the public so they are aware of of their actions. There will probably always be inequality in the world because everyone has differences, and truthfully life wouldn’t be sustainable if everyone was the same, but the important part is that these differences don’t lead to oppression and segregation.
Income inequality is a big problem in the United States because the top, wealthiest American saw huge increases in their incomes, which the rest had their incomes go down. Bottom people do not have the same amount of money and the opportunity to move up the social ladder as the rich people do. In order to reduce income inequality, the government needs to tax the rich people more, and give poor people more money and more social services - education, food subsidies, health care.
Over the past few years, a number of occurrences have displayed the growing economic and political inequality of the United States. The currently dissipated Occupy Movement did draw the general public’s attention to the ridiculous strides made by the rich, whose incomes have skyrocketed within the past four decades. Those pertaining to the middle-income and poor have sadly had their incomes stagnate. According to Caroline Fairchild from the Huffington Post the middle class incomes steadily is on the decline. In 1968 the middle class earned about 53.2 percent of national income in 1968. This number has now fallen to 45.7 percent. Super PACs became a concern as more individual donors willingly wrote up enormous checks to support their particular candidates. As a result, this gave prominence to the growing political inequality, as well as highlighting the rich’s ability to have their words have much more weight over the average citizen in America.