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Positions in the World Economy This fact has been out there for a while now; the rich are getting richer and the poor poorer. Robert Reich, former secretary of labor for the United States, in his writings goes over the different types of people that are in the global economy. He talks about the two types of poor people, routine producers and in-service workers; whose economic state is declining and declining. He also talks about another type of people, symbolic analysts; that they are the people that companies and corporations want, due to the skill sets that they bring to the table, they are the ones that everything is going for them. I agree with all of Reich’s points on how the rich are getting even richer and the poor are getting poorer. …show more content…
He was born on 24 June, 1946, in Scranton Pennsylvania. Robert also taught at Harvard University, and was the secretary of labor, during the presidency of Bill Clinton. He was born after World War II and grew up during the time of President Truman. Reich is also the author of many books, in regards to economy. He is quite critical on the subject of globalization, and what it is doing to the economy. Reich graduated from Oxford University where he studied politics and economy. The text states, “he has written numerous books on economics and has been a prominent lecturer for more than a dozen years” (513). To put differently, Reich has been the author of multiple books, and has spoken/taught much about the economy for many years. Despite him not having a Ph.D. in economics, he still knows much about the economy; he is quite an influential political figure. Reich also spoke on the thought that all these corporation transactions and the choices they make; do not make the economy better but just swirl around the finances (514). He points out that the finances are just circling only the rich. Reich is critical on creating a way to improve the economy, and he talks much about it in his book, The Next American Frontier, where he also mentions that the way we are doing it right now isn’t working for the better of the economy and that we need to change something. Throughout his multiple books we are quite thorough on speaking on …show more content…
The routine production people are the people that have it the worst because they are the most replaceable. The in-service severs have it slightly better because there are certain jobs that only people can do. The symbolic analysts have it the best because they are specialized workers, who are in high demand. Therefore the problem isn’t that there aren’t enough jobs in the U.S. it is because there aren’t enough qualified workers, like symbolic analysts, to have a good and healthy economy. For now in today’s society there will be those that are poor and those that are
Mantsios defends his claim by sharing the four myths and opposing seven realities of the American dream of equal opportunity. Then comparing three profiles of people from upper, middle, and lower classes, then by proving the correlation between educational attainment and classes. In a country with democratic principles, the general public makes an impact on the country, but it’s truly governed by politicians and the incredible power of wealth. Mantsios gives up the economic spectrum break down by giving the facts on the differences between the one who have very little, a lot and not enough money. One myth that Mantsios makes in his essay is how “all Americans do not have an equal opportunities to succeed. Inheritance laws ensure a greater likelihood of success of the offspring of the wealthy” (295). The huge gap between the upper and lower classes shows the social struggle. Higher income classes have a more likely chance for successful inheritance which allows the wealth to get passed on to the offspring. However, Davidson contradicts the theory’s that were presented by Mantsios by stating “Maddie represents a large population: people who, for whatever reason, are not going to be able to leave the workforce long enough to get the skills they need”(349). However, if Maddie works hard enough she can prove Mantsios wrong. That doesn’t mean she has to go to college or get a higher education, of course, that would make everything simpler. All she has today is work her way up in the company to make something of herself to show that she can still reach her full
Gregory Mantsios presents himself as an expert in this essay because he states a lot of facts. The author uses stats, his own opinion, and my favorite thing that brought me in was the myths that he told the reality’s for later in the essay. Mantsios believes that no matter what social or economic class that you fall into, you have a fair chance at succeeding in life. I feel that the intended audience is the citizens of America or people in the workforce since they are the ones that have to deal with this situation. The thesis of this essay is “Perhaps, most importantly, the point that is missed is that inequality is persistent and structural- and it manifests itself in a multitude of cultural and social ways.” The author discussed the problems that occur from economic and social classes. The purpose of this argument is to debate on what kind of people will be successful in life. Everyone has a shot at being successful, and that they do with it is
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. Another idea that he brought up was that the American government tends to give less help to the unemployed than other rich countries.
The film “Inequality for all” directed by Jacob Kornbluth, begins with Robert Reich asking students three questions to consider in a lecture when talking about the uneven distribution of wealth. First, what is happening regarding the distribution of wealth? He then inquires to why this is happening. Last of all, he asks the students if the distribution of wealth is a problem in America. He addresses these questions as well as many others in his lecture on the growing divide between America’s rich and poor. Robert Reich is an economist, author, and educator as well as public policy professor who served in the Ford, Carter and Clinton administration. He has dealt with this particular topic for over three decades and continues to spread his political views as a professor at the University of Berkley. Furthermore, he talks about the widening gap between the wealthy and the poor/middle class. He goes beyond the obvious facts to show us why this is happening and uses statistical data to display this growing problem. He gives concerning evidence that wages are declining, and that America’s weakening economy is based on consumerism.
Keyen’s is also the author of one of the famous economic books called The General Theory Of Employment, Interest And Money. Milton Friedman, a supporter of the free market, was born in 1912 in New York. 4th child of a Jewish family that had emigrated from Ukraine. Although he was interested in pursuing mathematics after graduation, the horrible stare of the national income motivated him to take economics instead. Friedman attended Rutgers University and earned numerous degrees from the University of Chicago and Columbia University.... ...
Reich, Robert. "Why the Rich Are Getting Richer and the Poor Poorer." Mountain View College Reader. Neuleib, Janice. Cain S., Kathleen. Ruffus, Stephen. Boston: 501 Boylston Street, Suite 900. 2013 Print.
(Doc 2). A statement like this changes the thoughts of the German people, which is the audience of this editorial. Calling out the Weimar republic for being a conspiracy to strive for upper class dictatorship wouldn’t have helped the image of the republic, and a republic without a good foundation of citizen agreement will not be stable. This can also be seen in George Grosz’s “The Toads of Property,” where the upper class factory owners are playing poker and the working class are sadly walking around in the background. Not only does the cartoon give the appearance that the factory owners are more powerful than the working class, but it also gives the impression of an unsteady economy that is occupying the working class’ minds with worry.
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas:
Hart Research Associates, 2010. Reich, Robert. “Why the Rich Are Getting Richer and the Poor Poorer.” The Work of Nations.
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. One may ask, how does that affect me?
The structural-functional analysis of jobs in the U.S. is governed by the workforce stratification and technology. The more educated and diverse a society is the better society’s job market is served. This social economic separation of class has been both good and bad for society. Many workers at the lower levels of employment are both pleased and displeased with many aspects of work. Though this fact also holds true with most any job at any level, pay scale often compensates for endurance of a particular job type. The security of a person’s job also is an issue that in today’s economic times forces one to be prepared for change. This is to say that even if one’s field of expertise is needed today it may not be tomorrow. This type of ever-changing job market leads many to believe that another socio-economic change may occur at any time. This change was apparent with the transition into the industrial age and again in the information age. These concerns caused stress, various health issues, a...
“With the development of social and continuous improvement in human activities, people are facing with a more complex economic and financial system” (Ma). Robert B. Reich was another who discussed this issue in his work, Why the Rich Are Getting Richer and the
This is correct because there is always going to be someone who does not make as much and someone who has to work the job that no one wants. It will probably get worse unless the government inflicts a protocol on some kind of taxes or has to give some money away in order to keep the society going smoothly. Like in any sport there is always going to be someone that ends up on top, it just depends on how hard you want to work for it. Someone has to be on top, and someone has to be on the bottom.
Money is an essential part of life where every people can satisfy whatever they need and every person in America has a chance to find a job. However, some of the people in the country wanted to go on with their life freely by being a part of a welfare. Furthermore, distribution of wealth is a huge demand of every citizen. Everyone today is trying to look down for every people in the lower class, as they did not give any benefit to the country, waiting for the benefits that they will receive from the government. For instance, when most lower class people have gone through a financial crisis due to overspending, insufficient fund or pay for their work to support themselves and/or their family. The example shows that lower class people made the economy of the country unstable, however, the middle class and the higher class is at fault as well. Furthermore, even though the benefit of that the lower class received is from the middle class, the middle class as well benefits from the higher class. To sum up, every class is at fault towards giving the country’s economy a positive
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.