How income inequality hurts America - Sep. 25, 2013 - 5 views
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hcps-labbanr on 30 Jan 15"Some economists have long argued that a widening income gap suppresses economic growth and job creation, and may be one reason this economic recovery doesn't feel like a recovery at all." This article represents my viepoint on the issue of income inequality. Although there are a few benefits to different incomes, the cons outweigh the pros. People of the middle and lower classes have been discovered to spend more of their income then the wealthy. This causes an overall decrease in the economic growth of the country. This is just one of the many bad effects income inequality has on America. Other effects include the greater lifespan of rich people compared to poor people, and the difference in the quality of education that children receive.
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hcps-wilsonhm on 01 Feb 15""The 400 richest people in the United States have more wealth than the bottom 150 million put together," said Berkeley Professor and former Labor Secretary Robert Reich on a recent CNNMoney panel on inequality." This Website really makes you think about how money is distributed in America today, but you also still have to think didn't these rich people earn their money? I mean don't you think it would be unfair to take their money away and give it to other people if they earned it a worked hard for it?
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hcps-choudhusr on 02 Feb 15""The 400 richest people in the United States have more wealth than the bottom 150 million put together," said Berkeley Professor and former Labor Secretary Robert Reich on a recent CNNMoney panel on inequality. Meanwhile, the median wage earner in America took home 9% less last year than in 1999. But the rising income gap is manifesting itself in American society in other ways too. Social scientists have long said income inequality is bad for society. Yet popular measures of social stability -- crime rates, voter non-participation -- have been going down over the last couple of decades." The article talks about how income inequality is very bad for america and that it needs to be discussed. It effects economic growth and ever peoples' lifespan.