Why the Rich Are Getting Richer and the Poor, Poorer

Good Essays
Robert B. Reich, Why the Rich Are Getting Richer and the Poor, Poorer
Reich starts his exordium with a distribution of where American workers found themselves in the early 1990’s in reference to where almost all American workers were just 20 years before. Reich placed most of the workers that contributed to the economy during the Nixon administration as being in one boat, analogous to the famous quote by G.K. Chesterton, “We are all in the same boat, in a stormy sea, and we owe each other a terrible loyalty.” Under Reich’s distribution you were still in a lifeboat, but the sea state and your future could be rough or smooth sailing depending upon your chosen profession. To which boat one found his or her self was directly related to how they fit in to requirements of changing corporations. The first boat was filled with what Reich defined as routine producers, when all Americans were in the same boat in the 1970’s, corporations that employed the largest percentage of workers were nationalistic and pyramid like organizations, but by the 1990’s the corporations had transformed themselves into multinational web-like structures that had no allegiance to any single country. Their motive was to maximize profits for their shareholders by seeking the most advantageous arrangements to produce their products, or to streamline their operations.
Having established where individual workers found themselves in the early 90’s, Reich started a long argument of direction utilizing cause and effect to show how different segments of the American economy were affected by the changing requirements of these multinational corporations. Routine production jobs that were often large employers of unionized workers moved to where labor was cheaper, this directly affected the number of workers that belonged to unions and the number of supervisory personnel necessary for the smaller work force that remained in this country. The affect on American jobs was not only because of jobs being

You May Also Find These Documents Helpful

  • Good Essays

    different classes of wealth, the lower class, the middle class, and the higher class each with different wealth and income. Robert Reich writes about the dilemma that the higher class is becoming wealthier while the lower and middle classes are becoming poorer.…

    • 1113 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The rich are becoming are becoming more affluent and the poor are languishing in poverty hence the reason why the economy continues to worsen. In the essay “why the rich are getting richer and the poor, poorer” by Robert Reich he talks about three examples to prove that whatever people do in the world will depict the position they partake in. in our economy there are three levels, there are the routine producers, in person servers, and symbolic analysts. Routine Producers are the type of workers…

    • 149 Words
    • 1 Page
    Good Essays
  • Good Essays

    statuses are unjustified because no one should have to struggle to live while others breeze through life carelessly. Jobs play a large role in where a citizen can end up in the hierarchy of the economy. In Robert B. Reich’s essay, "Why The Rich Are Getting Richer and the Poor, Poorer", he elaborates on the growing gap between the economic classes. The lower class In an an interview with Challenger, Reich was asked several questions about the position of Democrats in the government and how they can benefit…

    • 247 Words
    • 1 Page
    Good Essays
  • Good Essays

    Rich get Richer and Poor get Poorer In today's world people want to be healthy, happy and well educated and most want to own some type of capital. They also want to be well paid for the work that they do and they prefer to pay as little tax as possible. While everybody is happier when the rate of inflation is low and when the economy is growing and everyone is getting better off. In booming economic times, such as we recently have enjoyed, the only problem is that "the rich get richer and the poor…

    • 1192 Words
    • 4 Pages
    Good Essays
  • Good Essays

    rich getting richer

    • 334 Words
    • 1 Page

    In the article, “Why the Rich Are Getting Richer and the Poor, Poorer” Robert Reich uses examples of rising and falling boats to explain the difference between the rich and the poor, one sinking rapidly, one sinking more slowly, and the third rising steadily. The boat sinking rapidly contains routine producers “production workers”. They are being replaced with immigrants for lower pay if not being outsourced to 3rd world countries The second boat that is sinking slowly held in-person servers…

    • 334 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    economic times, it is clear to see that the rift between the extremely rich and the extremely poor is expanding, with those in the middle being stretched to one extreme or the other. There seems to be no reconciliations for this ever-growing disparity, as the corporations that used to comprise solely our economy lose national borders. Robert B. Reich discussed this issue in his work, Why the Rich Are Getting Richer and the Poor, Poorer. There are many reasons that go into play and many factors that sway…

    • 1570 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Reich graduated from Yale Law School and served in the Clinton administration. Although he does not have a degree in economics, he has written several books on the subject, including "The Work of Nations". Reich is considered an authority in "the relationship of governmental policy to the economic health of the nation". Reich believes that as large corporations go global, as they hire workers to do complex things all over the world, and as they export all over the world, they are having less impact…

    • 252 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Rich Keep Getting Richer Robert B. Reich was born in 1946 and is a Professor, activist, politician, and an author. He graduated from Yale Law School, John F. Kennedy Government School, and was a Rhodes scholar studying at Oxford University. Reich served as secretary of labor in the first Clinton administration and has a reputation of being a "conciliator, who can see opposite sides" to every question and solve them (Jacobus, 287). He has written many books, such as the Next American Frontier…

    • 993 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The Richer the Poorer

    • 1015 Words
    • 5 Pages

    "The Richer, The Poorer" What is a short story? “A short story is a work of fiction that develops a single idea” (Dowling Central, n.d.). Dorothy West, an author of many short stories, has entertained and taught many lessons throughout her writings. This paper will discuss West’s short story, “The Richer, The Poorer.” In addition, this paper will examine the entertainment value of this story as it relates to the lesson it teaches to the reader by discussing the literary elements found in “The Richer…

    • 1015 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The Richer, the Poorer

    • 1558 Words
    • 7 Pages

    ver the years Lottie had urged Bess to prepare for her old age. Over the years Bess had lived each day as if there were no other. Now they were both past sixty, the time for summing up. Lottie had a bank account that had never grown lean. Bess had the clothes on her back, and the rest of her worldly possessions in a battered suitcase. Lottie had hated being a child, hearing her parents' skimping and scraping. Bess had never seemed to notice. All she ever wanted was to go outside and play. She learned…

    • 1558 Words
    • 7 Pages
    Good Essays