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09/13/2020

What is a definition of poverty: relative lack of a minimum set of prerequisites for maintaining an adequate level of material well-being; poverty includes such factors as low level of education, child labour, social insecurity, weakness of social networks, lack of access to the Western market due to the restrictions imposed by the ideological system, international organizations, domestic and foreign corporations, the presence of poor management teams and employees, the lack of experience and ability to promote the company.

What is a definition of poverty: relative lack of a minimum set of prerequisites for maintaining an adequate level of material well-being; poverty includes such factors as low level of education, child labour, social insecurity, weakness of social networks, lack of access to the Western market due to the restrictions imposed by the ideological system, international organizations, domestic and foreign corporations, the presence of poor management teams and employees, the lack of experience and ability to promote the company.

This problem is observed in all social groups regardless of the level of income, education, social status, class, race, cultural, religious, socioeconomic aspects, that is, the combination of these factors. So, it may be stated in a short essay on poverty that, regardless of the level of income, social groups tend to have a tendency to accumulate poverty, and over time, this phenomenon may not only persistently arise but also continue to intensify.

There is a tendency for the growth of a gap in the income of certain groups of the population. For example, the wages of middle and lower class members of the population of the United States fall significantly below the salaries of other workers. This is a characteristic feature of the entire society. Increasing the availability of working opportunities for different levels of the population, including the middle class, may have positive effect on the wages of other workers.

The income inequality in the US is considerably higher than in other countries of the world. Paying increasing attention to the middle class, the American economy has maintained stable salaries at a cost of increasing the insecurity of the middle class. Adhering to this strategy, the American elite reduced the costs of several decades of social work, have allowed a large number of new millionaires to enter the upper class, and, especially, have stimulated the economy of corporations and managerial bodies.

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So, you may emphasize on the income inequality essay that American society has performed a lot of other kinds of social actions in connection with the problem of inequality. All these improvements have made the material well-being of the middle class easier to achieve, more durable and harder to resist.

But the main thing that has changed the nature of wealth is the absolute increase in wealth of the American society. You may write in the income inequality essay conclusion that, in any case, this process has made the social stratification of the American population into a dynamic and unstable situation. Working within the framework of the lower class, its positions are much more flexible and do not in any way imply a social revolution.

In any case, the upper and middle classes constitute the vast majority (2/3) of the population, which, in turn, represents the subjects of the labor market. In the process of social mobility, the middle class and other social groups rotate through periods of growth and development. Their activity is regulated by socio-political processes.

Due to the relatively small size of the majority (5%) of the population, the middle class is able to perform a number of different functions:

  • The main role is played by the aging population, which is brought by wide access to the social and economic activity, especially among women. They provide a lot of functions related to the care and support of the family.
  • The middle class is a place for the formation of both professional and non-professional sectors of the economy. Therefore, it is especially important for the role of the middle class in the development of the economy.
  • Language and communication barriers: the middle class is primarily a communications and information element. Therefore, the incomes of members of the middle class are lower than the incomes of other elements of the social structure.
  • In Europe, the middle class is a protected social group, which provides the lowest level of social protection. This is especially noticeable in the field of the elderly, for example, it’s necessary to maintain the social protection of the elderly from birth. The middle class invests funds in the elderly, and this is one of the main lines of social assistance provided by the taxpayers.
  • The structure of household expenditures is most sensitive to changes in the ratio of income to prices for specific goods. In the past several decades, the income of the middle class has been steadily rising. More money is received by the average family.
  • The shape of the middle class in the process of economic growth has undergone a significant change in the last century.