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09/13/2020

What is a definition of poverty which is understood as the total lack of a sufficient number of free time.1 The number of participants in this phenomenon varies from 7 to 15 people, and the worst is described in 20-30% of cases.

What is a definition of poverty which is understood as the total lack of a sufficient number of free time.1 The number of participants in this phenomenon varies from 7 to 15 people, and the worst is described in 20-30% of cases.

Definition of poverty for income inequality essay

The preceding term is valuable because, in the collective sphere, it covers a large number of groups, each of which is individually determined. But there are special circumstances in life when a person receives only the minimum wage, and all other groups have a chance to rise.

In the United States, the concept of poverty is formed precisely by the American example. The historical and economic reasons, which prompt widespread poverty is sharply presented in the American story. The initial settlers were reduced to the lower class of the free white population. Only the lower class became rich at the end of the XIX century. The process of economic stratification of the United States is clearly manifested even by the statistics of the first half of the 20th century.

The lower class included 20 million Americans, and by the end of the century – an estimate of the most effective means of preventing poverty, depending on the level of social stratification of the nation in the leading edge of the world. The number of citizens below the poverty line was lower than in subsequent periods but more than once since the beginning of the XX century.

There are interesting facts for essays on income inequality: in the 50-70s, the real wages of Americans from the lower and middle classes grew more than 1.5 times. In the 1980s, its growth stopped and even slight decrease occurred. In the 90s, the growth resumed at the level of 1-2% per year.

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There was a tendency for the growth of a gap in the wages of farmers. The wages of farmers were barely above the prices of other workers. For example, in 1977, the hourly wages declined by almost 20% for farmers.

A number of people employed in agriculture increased in the middle of the 20th century. As of part of them, this number was 3.5 times higher than the number agricultural workers and 3.4 times higher than the population level. The level of wages was 13.5 times higher than the wages of English workers.

There were different trends in the distribution of income between farmers and other producers. The average income of American farmers was lower than in European countries. But the real wages of American farmers were higher than in England. The change in the balance between the labor and the farm budget was more than 2.5 times.

A number of people employed in agriculture increased in the second half of the 20th century. The wage of agricultural workers was 3 times higher than the income of other citizens. The share of persons employed in agriculture was 16 times higher than the number agricultural workers.

There were different trends in the distribution of income between farmers and other producers. The share of farmers was lower than in England, but the share of other producers was much higher. In the 1960s, the income of farmers was three times higher than the incomes of other Americans. Since then, the average income of farmers has consistently reached 40-50% of the level of the latter.

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The dynamics of economic growth in the United States is clearly manifested in the history of the United States, especially for the period from 1784 to 1765. The first period of the new, unregulated economy in the world was developed simultaneously with the emergence of the first state in the world. The economy of the first state in the world was based on the science and art of population management, high agriculture.

The main contribution of the first state in the development of the economy was made by the introduction of a new type of social institution – the industrial economy. The industrial economy has two main functions: industrial and agricultural. The latter are the engines of economic growth, both of the population and the entrepreneur.

The main results of the industrial revolution are the establishment of new markets, the increased competition in the labor market, the reduction of the cost of production, the elimination of wasteful resources, the increase in the demand for food and other products. In the process of economic activity, the social stratification of Americans was observed.

Agriculture has two main functions:

  • The main goal of the agriculture is to increase the quantity of products, which, in turn, should correspond to the needs of the population.
  • The second function of agriculture is to change the lifestyle of people, their attitude towards own life style. Among the main changes, the following occur in the course of the revolution: the acceptance of life style by the upper class.
  • The third function is the education of the elite of society.
  • The fourth function is the maintenance of social stability, the elimination of generational poverty, the expansion of the middle class.