Income Inequality

Topics: Wealth, Academic degree, Poverty, Target Corporation, Economic inequality / Pages: 4 (965 words) / Published: Mar 19th, 2011
Income Inequality

Nowadays in our society we need a feeling of superior and more powerful than

others we have been segregated into socioeconomic classes. This essay describes about

the inequality suffered by the employees from their respective companies. Paul Krugman, Karen

Olson and Sebastian Mallaby give their point of views regarding how the companies do

their business and get profited by putting their employees under unsustainable conditions. The

specific example of Walmart cooperation is given in the article which explains the inequality

done to its workers by not giving them affordable health benefits and paying less.

Krugman in his article “Confronting Inequality” argues that we need to care about

inequality and living standard of Americans today. We need to be more clear about the economic

progress of lower or middle class families and the equal distribution of income among all social

groups. Krugman states, “The fact is that the vast inequality inevitably brings vast social

inequality in it’s train”.The Walmart workers are going through such an inequality in which they

are asked to do overtime job with hard time without any pay and also not getting any medical

benefits.If they do so then the amount will be deducted from their income. One of the way

inequality damages us is it corrupts our politics. For me it makes a lot of sense but at th same

time no sense. If politics are corrupted by class with more power,then laws will be made or

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reformed to their own benefits affecting in many positive ways the rich and in negative ways the

poor respectively.

Karen Olson describes in her essay the inequality faced by the meat department of

Wal-Mart employees when they made their own union to get some of

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