Wednesday, January 1, 2020

Wealth Inequalities All Work And No Pay - 856 Words

Wealth inequalities in different social class All Work and No Pay. BillMoyers.com. Ed. Sikay Tang. N.p., 2014. Web. 09 Nov. 2015. This article highlight the issue of wage encountered by the people working in fast-food. In fact, the amount of money that can be received in an hour by waiters, waitress, bartenders or busboys pegged only 29,38 % of the minimum wage. Some protests to raise their salaries has been done but it didn’t change the situation. The tipped minimum wage law has fail due to random or meager tips. When Bill Moyers spoke with Saru Jayaraman, co-founder of the Restaurant Opportunities Centers United, he expresses his discontent about the topic. This source wants to touch the reader about the issues encountered by the people working in fast food restaurants. I think the source is useful, but, the data given are a little be biased in favor of the waiters to make the readers understand how serious the topic should be considered. Compared to my others sources, this one provides written information and a documentary to make people fully understand the message the author wants to convey. This source is not as helpful as I thought it would because the written part only gives us pieces of information about the matter. It didn’t change my mind about the topic because I had done research on this topic and I still think that this is not fair. The video is more detailed and can enable me to better understand the problem on the topic and be used to explain or developShow MoreRelatedDiscuss Whether the Most Effective Way to Have Income and Wealth Equality Is to Tax Income More Progressively.1113 Words   |  5 PagesDiscuss whether the most effective way to have income and wealth equality is to tax income more progressively. Income is a stable flow of money, often a salary, which someone works for but this can also be made through interest on savings. This flow of money is often very unequal from person to person due to wage differentials, this then creates inequality. Wealth on the other hand is a stock of assets which have a market value, which may change over time e.g. houses or cars. These are often inheritedRead MoreEconomic Inequality And Political Inequality1647 Words   |  7 PagesEconomic inequality, also known as income inequality, is the interval between the rich and the poor. Economic inequality refers to how the total wealth in the United States is distributed among people in a social class. It is needed and it is important but due to the major gap difference, it affects the Democratic Party and in addition, it also affects Americans because they do not understand the actual wealth distribution. It is a major issue in the United States because it affects other economicRead MoreWealth Inequ ality Of The United States1216 Words   |  5 PagesWealth in the United States is generally thought to be distributed fairly as the highest earners have a higher percentage of wealth. Although this common notion is technically correct, the wealth is not spread as fairly as people might believe. The United States uses a free market, capitalistic economy, which entails wealth inequality. However, the amount of wealth inequality depends on how the government limits the wealthy. Interestingly enough, the government does not have regulations to distributeRead MoreImpact Of Wealth Inequality On The United States1220 Words   |  5 PagesImpacts of Wealth Inequality Wealth in the United States is generally thought to be spread fairly as the highest earners have a higher percentage of wealth. Although this common notion is technically correct, the wealth is not spread as fairly as people might believe. The United States uses a free market, capitalistic economy, which entails wealth inequality. However, the amount of wealth inequality depends on how the government limits the wealthy. Interestingly enough, the government does not haveRead MoreWhy Does Income Inequality Exists?1442 Words   |  6 Pages- - - â€Å"WHY DOES INCOME INEQUALITY EXIST?† Submitted to: - Submitted by: - - - - 4. Why does income inequality exist? Income inequality, also known as economic inequality or wealth and income differences typically refers to inequality among individuals and society, but it can also refer to disparity among countries. There are many reasons for this phenomenon to happen within the societies, most of them are often inter-related. However, we could say that the most importantRead MoreWhy Does Income Inequality Exists?1427 Words   |  6 Pages- - - â€Å"WHY DOES INCOME INEQUALITY EXIST?† Submitted to: - Submitted by: - - - - 4. Why does income inequality exist? Income inequality, also known as economic inequality or wealth and income differences typically refers to inequality among individuals and society, but it can also refer to disparity among countries. There are many reasons for this phenomenon to happen within the societies, most of them are often inter-related. However, we could say that the most important factor that causesRead MoreToxic Inequality Summary1042 Words   |  5 PagesToxic Inequality by Thomas M. Shapiro is a collection of short stories that follow different individuals coming from distinct economic backgrounds. In one scenario, a single mother named Patricia Arrora faces many challenges such as finding a job as an African American and facing residential segregation when trying to find a house. In another scenario, Cindy Breslin, a struggling widowed mother, was suddenly faced with a string of bad luck. Cindy found out she had thousands of dollars owed on creditRead MoreThe American Tax Code : How Our Government s Th e Wealthy1448 Words   |  6 Pagesbenefits in 2013 (CBO). America does not treat all sources of earnings equally. Currently, the American tax code’s approach to income tax progressivity is focused on economic models in which labor is the only source of income. Since the upper class often accumulates large quantities of wealth through assets and capital, the tax code lacks progressivity. With the omission of the refundable earned income tax credit, the American tax code perpetuates inequality by offering tax benefits that solely benefitRead MoreIncome Inequality861 Words   |  4 Pages Income inequality has been a major issue in American history. There are many different factors that contribute to inequality. These include education, wealth, discrimination, ability, and monopoly power. Education and wealth have a big impact on income inequality. Education and wealth go hand in hand when talking about income inequality. When a family is more wealthy, they can afford a better education. One article from ACE states that â€Å"currently in America, getting a postsecondary degree—inRead MoreEssay on wealth inequality in america1518 Words   |  7 Pagesallocation of wealth within a society? The resulting issue becomes income inequality. Where a small portion of the population, own the majority of the wealth and the majority of the population own only a fraction of what the rich own. This prominent issue has always been the subject of social tension from even before the French Revolution and spawns numerous other social issues in a society. In the more recent Occupy Movement, beginning in 2011, protesters used income inequality as a motive.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.