Essays on Income Inequality

Since the 1970’s, one of the clearest, most consistent economic trends in the United States has been the increase in income inequality. Income inequality refers to the concentration of wealth among the richest members of society. Following postwar expansion in the United States, the American economy has seen a steady rise in income inequality. The…

In recent years, China’s economic growth has been staggering, as at January 2018, the growth rate achieved was 6.8% (Trading Economics, n.d.). However, behind all the glorious numbers achieved, lies a very serious problem – Social inequality. Between the year 2005 and 2016, a study carried out by Statista has shown that around 1% of…

Many Americans have become wealthy and famous because of their hard work and determination and many others can too. The problem lies in the fact that not everyone in America can attain these hopes and dreams of being successful and rich. Even though a certain amount of income inequality is valuable as it gives people…

Introduction Extreme socio-economic inequality in South Africa remains obstinate, despite decades of transitioning to democratic rule. By contrast, poverty levels have decreased due to deliberate redistributive policies put in place such as progressive tax system and enhanced cash transfer programs (Sulla & Zikhali, 2018). Also, South Africa recorded relatively stable economic growth in terms of…

Abstract In this paper, we review major literature of the past with respect to global income inequality trends and relationship of income inequality with other variables of an economy. Then, we study income dispro- portion by looking at the cross-section of 24 countries from the time period of 2001 to 2014, with the help of…

Inequality, opportunity in education for children of lower-income households is a prime example of social injustice. The divergence in educational quality is delineated by race and financial status. A social justice issue that needs improvement/resolution is to give all children the same educational background. Race and someone’s poverty level must not be reasons to be…

there are few empirical studies on socioeconomic determinants and violent crimes Saridakis (2004). Moreover, there are many studies carried out to determine the effect of unemployment on the violent crime rate. The existing studies recommend that higher unemployment is connected with the occurrence of higher crime. The studies that found a negative relationship between unemployment…

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. Most Americans hope to find some way to make a living that they enjoy, something that they view as productive. Unfortunately, many do not have this luxury….

Economic Growth versus Income Inequality Essay For ten years now, our economy has been growing more dramatically than any other time since World War II. . The stock market is at an all-time high. The government is spending less on itself, and more on the people-weve finally achieved a balanced budget. If were doing so…

Income inequality in the United States remained relatively stable for a period of nearly forty years. Beginning in the 1970s, however, this period of stability ended, as the first signs of widening income inequality became apparent. Over the course of the 1970s and 1980s, an increasingly clear trend toward greater income inequality emerged. By the…