What is the concept of poverty. We can divide it into two categories. The first is the universal level of income, the second — social. The first group of definitions of poverty was proposed by Marx and Engels. Naturally, these concepts are not specific, and therefore, they do not apply in practice. The share of the first group of definitions of poverty is determined, and the social difference between them is manifested, in the content of the poverty and the fortunes of the majority of the population.
There are two categories of wealth, which are used in economics: material and spiritual. The material wealth is understood as the resources accumulated over a period of time measured in monetary equivalent. The spiritual portion of wealth is the sum of these resources: social and intellectual. Together with other social factors, they determine the level of all economic processes, including:
unique opportunity to get the best education, free medical care, etc. in the country of the strongest military and economic forces.
The middle class is a social group that is particularly sensitive to the changes in the market of labor and entrepreneurial activity. Its members are accustomed to endure and overcome difficulties in social and economic terms. Therefore, they are able to expose their own weaknesses, accentuate the most positive trends.
Wages and poverty
In the colonial period, the wages of certain groups of the population were significantly higher than in subsequent periods. The number of free settlers was lower than in European society.
Actual and practical factors that contributed to the growth of the middle class were racial and ethnic diversity, high social mobility and intergenerational instability. These factors may be considered in essay on income inequality.
The white population of the colonial period was divided into two main economically and socially unequal categories. The lower class included a number of groups – the free white population, consisting of 2 million people, and the lower class – 2 million of poor, oppressed people.
There were 2 main social groups within this category: the white workers (North Americans) and the lower class (Europeans, poor). The total earnings of the white population were lower than in subsequent periods but higher than in European society.
Here is a interesting historical fact for income inequality research paper: the middle class, as a rule, was not a single class, but a stratum, a group that was middle class in some countries of the world. All classes had the right to earn a living wage depending on the characteristics of the job, the terms and conditions of the labor.
In Europe, the ideals of the Enlightenment were closer to material practice, more practical than to philosophical reflections. But America preserved the dream of a universal, collective (shared) value. In America, the dream of equality was embodied, as Tocqueville said, in the romance of figures which have an irresistible charm. The egalitarian social order of the Enlightenment eventually adapted to the content of the chaotic individual thus creating a material basis for the emergence of a new social order.
In Europe, the ideals of humanism were placed above material practice, and life success was determined by many parameters. America narrowed the idea of success to one component in a concrete, tangible form, and happiness was determined by the number of banknotes. The dream of happiness was embodied, as Tocqueville said, in the romance of figures which have an irresistible charm. The cult of wealth has become almost religious. It was a special form of idealism.