Income Inequality In The U.S.A Essay

1957 words - 8 pages

Income Inequality in America is a problem that’s been going on for decades, and many feel that it hardly exists, the many people that feel that way are highly uneducated, and seem to not really care about this tremendous problem that in one’s eyes really has no end in the near future, in fact it has been gradually rising and one feels that it’s just not fair. Unfortunately, there’s not much that can be done, only of course if the poor class of people decide to actually educate themselves and get a higher education. One says poor class, simply because that’s how they’re classified. There are five types of levels that Americans are classified as, and they are: 1. Upper Class, 2. Upper Middle ...view middle of the document...

From 1946 to 1960, the difference in inequality did not change much, but from 1960 to 1968 there was a slight decline. On the contrary, between 1968 and 1970 the opposite had happen. To further explain the little difference in Income Inequality from the mid 1940’s to the present, a series of numbers and percentages will be used, but only the salaries made throughout the years are the only difference, it’s obvious that the gap between the rich and the poor keeps increasing. The salaries of course are going to be different due to the minimum wages increasing as time goes by, due to the higher cost of living. That does not mean that the Poor Class is living better, in fact, if anything, the Poor Class is having a harder time surviving due to the increased cost of living, yes the salaries rise, but not to the extent to keep up with the cost of living. It’s almost as if a poor person would have to work at more than one job in order to be able to survive, and in most cases that’s not even enough, depending on the situation that a person is in, family size, debt, etc. Due to those circumstances, if a person is working more than one job, then that will limit that person’s time to actually educate themselves at a higher education institution, and that will lead to yet another highly uneducated American with not enough credentials to be able to compete for the higher paying jobs that Middle Class Americans or Upper Middle Class Americans hold. It’s a domino effect, and it’s almost as if it’s blueprinted to be this way. For example, in 1946, the bottom class (the Poor Class) averaged about $1,650 and the top class (the Upper Class) averaged about $15,300, the gap between the two was $13,650. In the next 22 years, real income had increased about 33% per family. This trend of inequality is still in effect now. Is it a political thing? Well, some would say that it is, and some would say that it has no effect in what’s going on. Unfortunately, one feels that the larger part of the people would say that yes politics has to do a lot with it, but that larger part would almost definitely be the uneducated ones, and most likely just speak on here say, which is saddening to see that thatpercentage of Americans, (the Poor Class) just aren’t trying to further educate themselves on this sensitive subject that really is the main reason why Americans are segregated into five categories. Again, education credentials have nothing to do with the inequality, but with credentials and knowledge of the situation, a person can start taking steps toward beating the odds, or try to climb the ladder of success by jumping from Poor Class to Middle Class, and so on. “In 2001, the median income in the United States for people with full-time jobs was $28,283 for men and $17,868 for women” (Current Population Reports, Series P-60, 2001). The median household income was $42,228. $42, 228, seems like a substantial amount of income for a household, right? One would have to highly disagree...

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