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Essay / Income Inequality in America and Its Contributing Factors
Income inequality is a major asset to the U.S. and global economy. Income inequality is the unbalanced circulation of a household's or individual's income among different individuals within an economy. According to the; The article on family structure and income inequality in families with children indicates that between the years 1976 and 2000, changes in family structure were a key factor in increasing inequality in America. (Martin, M.A. (2006)). Furthermore, the article states that in the United States, income inequality grew rapidly during the 1970s and did not stabilize until the late 1990s. The main causes of the Income inequality were earned income and the number of single-parent households. (Martin, M.A. (2006)). Over the years in our country, inflation has increased and the value of the dollar has decreased. Many people work average jobs to make ends meet and the cost of goods and services in our country is rising rapidly, but wages are not. Although income inequality is a huge factor in the stature of our economy, according to the National Review article, liberals identify income inequality as a major concern because it leads to more problems such as loss housing and the inability to make ends meet. As noted in the article, the poor and middle class are rapidly falling below the rich, with wages not increasing and jobs low. Liberals tend to view income inequality as a disease, while conservatives tend to view it as a symptom. A symptom means that it is up to the individual to solve the problem and not the government. (Goldberg, Jonas, www.thenationalreview.com). Although government plays a major role in income inequality, there are many other contributions, particularly among racial and ethical groups, that have caused very few problems among young people. hope for a future. As Lui stated in his article, the incarceration rate in the United States is currently the highest in the world. Additionally, instead of buying more prisons, programs can be created to provide jobs for young people. Meizhu Lui (2012: 167). When you don't have direction or a place to be productive, in a poor neighborhood, they will find a way to make money and it won't always be positive. If we put our youth to work, give them the opportunity to learn the skills required for the job market, and even push them to become business owners, I believe we can close the gap between minorities and non-minorities . This will not change unless enough people come together, unless young people stand up and show the government that there are young people here ready to work and build a nation to realize their dream American and succeed in growing the economy..