The distribution of wealth in America has been uneven since 1970. Income inequality in the U.S shows that there is a huge gap between the rich and the poor. The unemployment rate has increased in the U.S, which means less incomes or money. There are many contributions to the gap, Such as different education levels among citizens and the cost of living. The main reason that this gap contributes to this inequality between the rich and the poor is because of technological advances. Technological advances hurt the low-income class greatly but at the same time it is a big gain to the higher class. Mnay of todays technological advances has eliminated wide range of jobs in the industry. Todays technology is growing rapidly throughout the work force. A rapid change in technology means that there are machines that can replace himans job’s. For most low-income workers this means more unemployment. Since most of these workers had little or no education, it is very hard for them to keep up with the learning how to handle this new technology.
There are many different reasons in which the country distributes income differently. This is not the responsibility of the government or one particular person only. It derives from things like citizens desions on work, education, family size, immigration, and new technology. Education plays one of biggest roles in the distributions of income, because on average the higher the education a person receives the higher there starting pay will be. Another factor is the labor and it various in many different ways starting with the type of job a person may want to pursue. Family size is also playing a massive part in the income inequality only because families that decide to have both mother and father work will on average have higher income as oppose to those families that only have one person working or even a single member in the family. The main factors today, are immigration throughout the U.S. As this is clearly shown, “Between 1969 and...
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