How to write an economic inequality essay?

How to write an economic inequality essay?

It is first necessary to analyze the process of economic inequality in the United States. The process has four stages:

  • Stage 2 (the next stage) is the period of the next stabilization of the labor market, which is reflected in the results of the next four years of the American economic cycle.
  • Stage 3 (the last stage) should be described in detail in U.S. income inequality essay.
  • In the First Continental Congress, the distribution of the labor force was made on an equal basis, and then, as the result, there was a restriction of the circulation of free workers. Only the highest hard-working class received a chance to become a part of the elite of the new free economy. And the process of social mobility was maintained. As a result, the wages of American workers have grown significantly. During this time, the upper economic class expanded its reach.

    But the idea of economic growth was not supported by the real data. In the second half of the 19th century, the United States did not even come close to this threshold. Its level of economic development was so high that the lower class of the free white population received a certain number of times the amount of income from all fields of activity: occupational, agricultural, industrial, natural, etc. Only the middle class could afford it. And the possibilities of economic growth were used mostly for the next 30 years.

    The second stage was the period of the triumph of big business, and the results of the decisive struggle for the allocation of capital were clearly expressed in the first half of the 20th century. The decisive struggle was waged by the big businessmen: Roosevelt, Kennedy, Lyndon B. Johnson, C. Wallace, Jr. The targets of the battle for the allocation of capital were big corporations, banks, and government agencies.

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    The conditions of the second stage were similar to the first: there was a rapid increase in salaries and the number of their workers (in the future, the workers of the later stages would be supplemented by the additions of new bodies, such as police and old teachers). In the process of social mobility, the struggle for the allocation of capital among the middle class took place. The goal of the struggle was the establishment of free competition the ideal model of which was formulated in the famous book “An Economic Disorder” by a British writer, published in 1900.

    According to Roberts, “in comparison with the preceding stage, the struggle for the allocation of capital took place. The aspiration of the middle class to wealth was vain, and its goal was only to accumulate it, and the struggle for social mobility was a way of reaching this goal. The main thing that led to the success of the first stage was the ability of the masses to organize their struggle for higher social status. In form of organization, the proletariat was able to achieve this goal in a real way, relying on the ability of mass participation. Organizing the work of the collective, the proletariat managed to realize the right to collective ownership, to directly challenge the authority of the land fund located west of the frontier.

    The main social movements occur both within the middle class and with participation of other elements of the social structure. Free channels of upward vertical mobility, clear prospects for social growth based on education and high culture should ensure a sufficient level of welfare for the middle class.

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    It also should be noted in essays on income inequality that, in addition to the stabilizing of the middle class, there are also mechanisms contributing to the issue of inequality: the prevalence of urban culture, the growth of a group of working women, the decrease in the number of agricultural workers, etc. However, in the case of gender inequality, these mechanisms are in the process of gradual implementation.

    In the cultural sphere, the transformation of the object of aggression is taking place. The behavior of a part of the population is altered with the participation of others in the formation of the new middle class.

    It may be written in the essay on income inequality and happiness that, in the modern theory of income inequality, the inequality of labor is a value stabilizer. In the system of economic inequality, the role of the middle class is to ensure a sufficient level of welfare for the working families.

    The role of the distribution of incomes is changing. The share of the middle class in the income of the population is decreasing. The share of the lower class in the income of the population is rising. The share of the agricultural workers is decreasing. The share of the middle class in the agricultural sector is 0.5 times lower than the level of the latter. The share of the urban population is 2.5 times higher than the level of the latter. American urbanites are a middle class of society.

    The income of the middle class in the United States is significantly higher than in England, although this group is not a one-day phenomenon.