Cause Of Income Inequality
There are many issues that we face as humans in the societies that we live in. Income inequality is a touchy subject for some. For most though, it’s a subject that needs to be discussed in our society today. Minority households in my opinion seem to suffer more from income inequality than Whites. We should all want to know what the problem is. I don’t think it’s because whites have all the better paying jobs than minority workers. From my understanding of information gathered women and minorities continue to bring home less than white men because of the way income inequality has spread through many communities. One of the major issues that can possibly impact the future and the behaviors of an individual is income inequality. What is income
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This helps the top 10% of the population, who now own 91% of the wealth in stocks and bonds. Other investors have been buying commodities, driving food prices up 40% since 2009. This hurts the "bottom" 90%, who spend a greater percentage of their income on food. (WSJ, Liberals Love the 1%, July 30, 2014). Many of the causes of income inequality in the U.S. can be traced to an underlying shift in the global economy. Emerging markets, such as China, Brazil, and India, are seeing an increase in their income as they become more competitive in the global marketplace. Their work forces are becoming more skilled, and their leaders are becoming more sophisticated in managing their economies. As a result, wealth is shifting to them from developed countries, such as the U.S. This shift is about lessening a global income inequality. The richest 1% of the world's population has 40% of its wealth, and 25% of that wealth is held by Americans. China, on the other hand, has 22% of the world's population but only 8.8% of its wealth. India has 15% of its population and 4% of its wealth. (World Institute for Development Economic Research, "Estimating the Level and Distribution of Global Household Wealth, November 2007). The way we assess this issue is to redistribute wealth. We cannot punish corporation for outsourcing and responding to the idea of globally redistributing wealth. However as an American I think that we must accept that global wealth redistribution is occurring. The people in the top fifth of the U.S. income bracket must realize that those in the bottom two-fifths cannot bear the brunt indefinitely. The solution that our legislative branch should be working on is to changes tax policies and to help provide better access to education and employment training. This is how we beat income
This helps the top 10% of the population, who now own 91% of the wealth in stocks and bonds. Other investors have been buying commodities, driving food prices up 40% since 2009. This hurts the "bottom" 90%, who spend a greater percentage of their income on food. (WSJ, Liberals Love the 1%, July 30, 2014). Many of the causes of income inequality in the U.S. can be traced to an underlying shift in the global economy. Emerging markets, such as China, Brazil, and India, are seeing an increase in their income as they become more competitive in the global marketplace. Their work forces are becoming more skilled, and their leaders are becoming more sophisticated in managing their economies. As a result, wealth is shifting to them from developed countries, such as the U.S. This shift is about lessening a global income inequality. The richest 1% of the world's population has 40% of its wealth, and 25% of that wealth is held by Americans. China, on the other hand, has 22% of the world's population but only 8.8% of its wealth. India has 15% of its population and 4% of its wealth. (World Institute for Development Economic Research, "Estimating the Level and Distribution of Global Household Wealth, November 2007). The way we assess this issue is to redistribute wealth. We cannot punish corporation for outsourcing and responding to the idea of globally redistributing wealth. However as an American I think that we must accept that global wealth redistribution is occurring. The people in the top fifth of the U.S. income bracket must realize that those in the bottom two-fifths cannot bear the brunt indefinitely. The solution that our legislative branch should be working on is to changes tax policies and to help provide better access to education and employment training. This is how we beat income