Increase Of Inequality In America

America is known for many things, such as the wealthiest country in the world. However, America has also been known for the injustice and inequality that many people face. This chapter explains why America is so unequal. Florencia Torche, clarifies that the higher the income share of the wealthiest 10%, increases inequality. Not only does America face inequality, but other small countries had increased amounts of inequality. Due to this, there is a common factor that both country share, that can indicate the reason for an increase of inequality. A major reason why inequality increased is due to change between technology expansion and education. As technology involved, jobs for middle and lower levels of education decreased. However, it also increased new jobs. In addition, these new jobs required higher levels of education.
Before reading, I assumed the reason why, would be because of the past incidences America had with minority groups. Such as slavery, immigrants, and the women suffrage movement. However, after reading I learned that there were other reasons why America faced inequality. The idea of technology advancing and that being the reason for inequality was a surprise to me. I knew there was an outcome to the new technology that was discovered. However, I didn’t think to look closely to the different types of affect it had on society. I also learned that there is only 1% of the population that is extremely wealthy. Everyone else is considered the “99%.” Overall, this chapter was extremely fascinating. I gained useful information about inequality in America, and in other small