How to write an essay on income inequality?
The topic of the essay on income inequality is widely discussed in the modern world. Therefore, it is not difficult for us to explain the basics of the issue in a short speech. But before getting down to the details, let us provide the definition of the concept ‘income inequality’.
In the market economy, the results of economic activity are presented in the form of revenues. The income of any part of society should correspond to the value of share produced by it. Otherwise, the distribution of incomes will be very uneven, and the impact of the disparity between the results of different groups will be very deep.
To make your life easier, you have to make some assumptions:
In the process of economic activity, the distribution of incomes is taken in reverse chronological order, that is, the earlier the income of the middle class.
In the United States, the upper and middle classes constitute a single population, and the lower classes – the lower class.
In Europe, the middle class constitutes a multidimensional matrix of social, economic, political and ethical entities. In the European Union, the middle class is represented by the representatives of the upper and lower classes.
There are also many factors that lead to the phenomenon of income inequality. If all people are equal, then the inequality of income is also quite equal. But, in the United States, there are also steps towards the elimination of inequality. One of them is the middle class itself.
It is worth mentioning in a persuasive essay on income inequality that the presence of the middle class provides stability and dynamic economic development, is the main instrument in the achievement of the citizen’s social rights.
The mechanism of the income inequality is usually used in the following way: the labor receipts are the value of the social group’s income, which is normally determined by other factors. The status of the middle class is one of the most important indicators of the development of society. In Europe, the middle class is considered to be the most important social groups, and, in the United States, it is almost equal.
But the process of income inequality is recognized as quite long and the time gap between the two classes has long been filled. The United States, as a example, falls behind the curve of economic growth for the first year of the twentieth century. And the results of the first year are indicated in the first paragraph of the income inequality essay, which should be focused on the following problem: how income inequality is affecting the aspirations of the middle class?
The problem of income inequality is especially acute for the period from the middle class to the lower class. Since the middle class is strongly and completely represented in the society, it is important to understand the ways in which it interacts with society.
Clearly, the first thing to which the middle class returns in the social hierarchy is its ability to generate income inequality. In the modern theory of income inequality, it is assumed that the middle class performs a number of very important social functions. The function of the social stabilizer is the main among them: social and economic. In order to prevent such tendencies, it is necessary to ensure a sufficient level of income inequality in the class.
The following factors are of the great importance: biological base (gender, age, etc.), but not socioeconomic. Finally, the democratic form of the state acts as a deterrent of excessive financial accumulation in the middle class.
As to the extent that the middle class invests funds in real estate and liquid assets, this phenomenon may be described in income inequality research paper.
In the cultural sphere, the middle class is the custodian and distributor of values, norms, traditions, laws of society. Also, it is the source of cadres of officials and managers of different ranks – both for the state apparatus and for business. Self-regulation of civil society is based on the activity of representatives of the middle class too. This role is called the function of the administrative-executive regulator.
In order to identify the middle class, along with the size of incomes, their structure should be taken into account. The prevalence of some source of income in the middle class means a certain social status or place in the social hierarchy.
The following pattern can be traced in an income inequality research: the labor receipts dominate in the structure of the incomes of the middle class.