What is more, you may mention in essay on income inequality and happiness that, owing to the 1986 law which prohibited age dismissal discrimination and allowed pensioners to continue working obtaining both pensions and wages, the number of older Americans in the upper economic groups increased.
Pension and pension rights
In the United States, there is a system of benefits for the elderly which are provided by the entire population, not only the lower and middle classes. In the broad sense, this system covers the whole population, but its legs are too long. The first half of the 20th century was marked by the great victory of the working people over the right of monopoly on the market. The idea of a free-market economy was embodied, so to speak, in the personality of the average American.
But what did not decline in the last 30 years of the twentieth century? In fact, everything has returned to the level of the old, although there are certain trends in reverse.
One of the trends of the last 30 years of the twentieth century was the gradual increase in the number of working kids. As a rule, they were employed in industry. And the number of working kids was much higher than the number agricultural workers. Once again, the ratio between the employed and non-employed population has increased.
There are many factors, which you may describe in essay on income inequality: the growth in the number of working kids, the lessening of the work and social activity of women, the decrease in the birth rate, and the struggle of the poor. However, in the past decade, the real wages of American workers have been growing more than 1.5 times. In the mid-1990s, the real wages declined by almost 20% for the middle class. In 1996, the hourly wages declined by almost 20% for the average family. In 2009, the hourly wages declined by almost 20% for the lowest class.
There are different trends in the labor market. The labor demand is rather low in the two decades. But the wage is still 12 times higher than the monthly average. There are four times less cashiers than in the past 30 years. But the share of cashiers has once again reached the highest level of the labor activity in the US.
The entrepreneurship of the past several decades has led to a rapid growth in the number of small businesses, the number of them has increased from 6 to 12 million people. The share of them was practically the same as the share of farming families, entrepreneurial activity, and small businesses. The economic situation of farmers is important. Naturally, this group has always been able to absorb the cost of public services. So, many people became farmers. However, the number of farms increased, and the number of people employed in agriculture increased. So, in the future, the industry may seem rather volatile.
The changes in the economy, in turn, have decreased the privileges of certain social groups, including the clergy, political elite, owners of manufactories, planters, etc. The situation is associated with the gradual abolition of the privileges, beginning with the elites and ending with the struggle of the middle class.
However, as the essay on income inequality is quite predictable, it should be noted in the leg of social inequality essay that there are limitations in the system of equality. There are the restriction of the privileges of certain groups of the population, the restriction of the use of certain classes of the population, and the establishment of equal distribution of incomes.
The number of people employed in agriculture is constrained by the number of farmers and other farmers: the number of agricultural workers is 1.6 times higher than the number agricultural workers, and agricultural industry employs about 1.5 times more people than industry.
In the industrial sector, the middle class is one of the safest categories of workers’ social status. All other social groups are subordinate to it.
In the urban sector, the middle class is one of the most important social groups, the embodiment of the ideal of the middle class, which is represented by the image of the unstoppable success, overwhelming dependence on the authorities, an indication of the deep understanding of the interests of the nation in the international arena.
In the non-profit organization “Our American Dream”, the word “middle class” means a part of society, the financial and economic status of the majority of the population, the economic and social status of the owner of numerous entrepreneurial ventures, the number of active participants in the exchange market, the presence of a large pool of participants ready to engage in cooperative activity.
We explain the term “middle class” to the readers of a novel by John E. McCullough, Jr.
The following definition of this concept is given in the American literature: a part of the population, having consolidated its economic position in the last thirty years, possess at least a minimal knowledge and feelings of a democratic system, have high aspirations for the future.