How to write an income inequality essay

How to write an income inequality essay

The topic of the paper will be maximally disclosed in the two following sections: income inequality and household expenditures.

In the first case, you should form the thesis statement on the basis of the facts proving that the middle class got out of poverty. Then you should explain how the neighbors of the middle class have improved their economic status over the past 40 years, and what this trend leads to in real terms on the streets of New York, London, and other places.

The thesis statement should be clearly stated in an income inequality essay introduction. Then the reader should be given a brief description of the history of the middle class, its activities in the broad sense of the word.

According to experts, the middle class is a social category, the highest class of the free world. Through its maintenance, widening and strengthening, the state can prevent high income inequality.

From the economic point of view, the middle class is an independent social subject, part of the social structure of society. In essence, this concept is close to the definition of the proletariat (working class, definition), although it is also worth mentioning that the latter are part of a lower class of society.

The composition of the middle class in the United States and other countries of the world is usually characterized by high heterogeneity and even ambiguity in many objective and subjective criteria. This prevents the understanding of the common interests of representatives of the middle class.

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There is a generally accepted methodology that identifies several mandatory attributes of the population’s belonging to the middle class. It may be found in any good example of research paper about income inequality. The following aspects are of great importance:

  • firstly, the financial situation (including decent income, sufficient savings, adequate housing and other property);
  • secondly, the social and professional status (level of education, culture, kind of activity);
  • thirdly, self-identification (with which layer the person associates himself).
  • Another important feature of the middle class is its ability to invest in real estate, liquid assets.

    More specifically, you can provide the following criteria for identifying the middle class in wealth and income inequality essay:

  • level of income, well-being allowing to enjoy a modern way of life, high social standard;
  • relative stability of the economic status;
  • sustainable economic self-sufficiency;
  • ownership of property, presence of conditions which are absolutely necessary for its effective functioning at the modern level: knowledge and skills in the sphere of organization and management, high qualification, information;
  • activities in the field of science, culture which are recognized as particularly valuable for society and carried out on the basis of possessing unique creative abilities;
  • higher subjectivity in the labor market, in the choice of patterns of social behavior, etc. in comparison with lower ones;
  • the ability to influence the social process and its management more or less significantly: the middle class is one of the most important components of the social partnership system.
  • Persons with a higher value of indicators mentioned in this list belong to groups located above the middle class on the social ladder (the upper stratum, the elite).

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    An important feature of the middle class is its quantitative scale. In any case, the share of the middle class in the population should be not less than the total share of those groups whose social status is somewhat below. The functioning of the middle class begins exactly from this quantitative threshold. Otherwise, it would be only one of the layers in the social structure of society.

    Based on the above, you can specify the social groups that belong to the middle class in essay on economic inequality:

  • owners of medium and small capital, part of the owners of small-scale private property (excluding owners of medium capital belonging to the higher strata);
  • employed persons, highly qualified specialists: middle and partially lower managers who carry out technical and functional management at enterprises and organizations of any form of ownership;
  • highly skilled workers with a modern type of qualification;
  • highly qualified specialists of the non-production profile (part of them may have a status below the middle class);
  • persons exercising civil authority (except those cases when a position is not explicitly stated by law);
  • figures of science, liberal professions (creative intelligentsia) if their status has the above characteristics;
  • part of the military officers, etc.
  • The middle class is distinguished by high heterogeneity and even ambiguity in many objective and subjective criteria. This prevents the understanding of the common interests of representatives of the middle class.

    It’s important to mention in income inequality paper that the presence of the middle class provides stability and dynamic economic development. As a basic social group, it performs a number of very important social functions.