Income Inequality Argumentative Essay Samples - Essay for you

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Income Inequality Argumentative Essay Samples

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Economics Essays: Poverty, Income Inequality and Economic Growth

It is a controversial subject and there have been numerous studies examining this issue in both developed countries and developing countries.

Another controversial question is whether income inequality matters

Does it Matter if Economic Growth does not reduce Income Inequality?

Some economists argue that inequality is essential for creating suitable incentives for people to work, innovate and take risks. If economic growth was managed to reduce relative inequality, it may cause a situation of lower growth rates. They argue that as long as people’s real incomes are increasing, it shouldn’t matter if other people experience faster increases in income.

However, contrary to this position, other economists argue that reducing relative poverty should be a goal of the government.

  1. Inequality can often be a cause of social problems such as alienation, leading to crime, vandalism and even rioting (as in the case of Paris 2006 and Brixton, UK 1981)
  2. Inequality is often the result of inequalities of opportunities. For example, those on low incomes and unemployed often have a lack of education and skills. This kind of inequality should be reduced.
  3. Economic Growth is a poor indicator of living standards and well being. Governments should consider other objectives as more important.
In addition to economic arguments, there are of course, many other arguments we could add to these 3 suggestions

Other articles

Income Inequality

Income Inequality.

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Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970's, however, this period of stability ended, as the first signs of widening income inequality became apparent. Over the course of the 1970's and 1980's, an increasingly clear trend toward greater income inequality emerged. By the end of the 1980's, the top 20 percent of workers were receiving the largest share of income ever recorded by government figures, and the bottom three fifths were receiving the lowest shares ever recorded. This trend has continued into the 1990's and currently shows no signs of decline. When the indicators of growing inequality were first observed in the 1970's, some researchers argued that the effects were merely temporary artifacts of short-term labor market disturbances. By the end of the 1980's, however, a long-term trend towards increasing inequality had clearly emerged, pointing instead to inflexible changes in the occupational structure itself.

The new occupational structure appeared to be one with an increase of well-paid technical, scientific, and professional jobs at the top, a "sliding" middle class, and a growing poorly-paid service and retail jobs at the bottom. Several important labor-force changes appeared to be contributing to the shifting occupational structure. As occupational reconstructing and growing income inequality became increasingly evident, a heated debated as to the causes and magnitude of these changes arose. Two dominant bodies of thought emerged around the issue: the "job-skill mismatch" thesis and the "polarization" thesis. Mismatch theorists argue that there is an increasing distance between the high skill requirements of post-industrial jobs and the inadequate training and mediocre qualifications of workers. They see the post-industrial economy leaving behind unskilled workers, especially women and minorities. For the mismatch theorist, the trend toward greater inequality is temporary and will dissipate once the.

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Income Inequality Essay

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Income Inequality
Income Inequality Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970’s, however, this period of stability ended, as the.

Income Inequality Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970�s, however, this period of stability ended, as the first signs of widening income inequality became apparent. Over the course of the 1970�s and 1980�s, an increasingly clear trend toward greater income inequality emerged. By the end of the 1980�s, the top 20 percent of workers were receiving the largest share of income

Income Inequality
Income Inequality Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970’s, however, this period of stability ended, as the.

ever recorded by government figures, and the bottom three fifths were receiving the lowest shares ever recorded. This trend has continued into the 1990�s and currently shows no signs of decline. When the indicators of growing inequality were first observed in the 1970�s, some researchers argued that the effects were merely temporary artifacts of short-term labor market disturbances. By the end of the 1980�s, however, a long-term trend towards increasing inequality had clearly emerged, pointing instead to

Income Inequality
Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970’s, however, this period of stability ended, as the first signs.

inflexible changes in the occupational structure itself. The new occupational structure appeared to be one with an increase of well-paid technical, scientific, and professional jobs at the top, a �sliding� middle class, and a growing poorly-paid service and retail jobs at the bottom. Several important labor-force changes appeared to be contributing to the shifting occupational structure. As occupational reconstructing and growing income inequality became increasingly evident, a heated debated as to the causes and magnitude of these

Income Inequality
INCOME INEQUALITY Every American dreams of finding a job that pays well enough so that they may comfortably take care of their loved ones and themselves for years to come.

changes arose. Two dominant bodies of thought emerged around the issue: the �job-skill mismatch� thesis and the �polarization� thesis. Mismatch theorists argue that there is an increasing distance between the high skill requirements of post-industrial jobs and the inadequate training and mediocre qualifications of workers. They see the post-industrial economy leaving behind unskilled workers, especially women and minorities. For the mismatch theorist, the trend toward greater inequality is temporary and will dissipate once the supply of

Economic Growth versus Income Inequality
Economic Growth versus Income Inequality Robert Dean January 5th, 2000 For ten years now, our economy has been growing more dramatically than any other time.

workers acquires the skills demanded by a post-industrial economy. And they predict that the overall distribution of workers will experience and upgrading in their wages over the long run.

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Help writing a argumentative essay

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InCome Inequality

InCome Inequality

Income at the Top

PHL 212 10:00 a.m.

Income inequality means there is a gap between the highest income earners and the lowest income earners. There are many inequalities in the US in many aspects of our lives, the biggest may be in our incomes. It has been about five years after the financial crisis began, and millions are still suffering. However, Wall Street is not. The divide between the 1 percent and the 99 percent is as great as ever. According to one recent study, the top 1 percent has captured about 95 percent of the income gains since the recession ended. In the interim, the top 10 percent of earners last year took more than half the country’s total income, which is the highest level recorded since the government began collecting relevant data a century ago.

On the one hand, you can argue inequality is necessary for providing incentives in a free market economy; without a degree of inequality there would be economic stagnation and lack of enterprise. On the other hand, you could argue that inequality has many disadvantages and is evidence of fundamental problems in society.

It’s an indisputable fact that the income gap between the rich and everyone else has grown over the past 30 years, and nearly two-thirds of Americans are aware of that. Even so, only 47% think it’s a serious problem that the top 20% earn 16.7 times as much as the bottom 20%. Most Americans don’t care whether the rich get richer; they do care whether the poor get poorer. 82% say the government should take at least some action if not a lot to reduce poverty—including 64% of Republicans.

Naturally, we disagree on what to do. Democrats and independents favor raising taxes on corporations and the wealthy to provide more support for the poor. Republicans want to reduce taxes to boost growth and create opportunities. These views seem to stem from the way the political groups view human nature. Republicans believe the rich are rich because they work harder and the poor are poor because they don’t. Democrats and independents say the rich had more advantages, while the poor got whacked by circumstances beyond their control. It’s hard to really know what is true and what is “right” all we know is that some people can buy 20 homes while other’s can’t even buy themselves dinner.

In Aftershock, author Robert Reich supports the position of a more efficient system of economics that would more evenly distribute money across the different economic classes. He lays out several measures that would have to be taken for his system to work. These include more protection for the middle class via legislation and stronger unions, stricter financial laws on corporations, higher income tax on the wealthy, and diverting money from other budgets such as defense. He states that the rich don’t spend money and stimulate the economy and that’s a big problem. Without demand of things people will not be willing to invest because they will fear not making money back. This is a big reason why most people at the top do not make domestic investments.