Essay On Income Inequality

Income inequality means that there is no equality between people. Also, there are big differences between the rich and everyone else. This problem grows year after year. Some people become poor and other become rich. The American Dream is related to income because everyone who wants to achieve the American Dream must have a great income. Rich and poor people are all human beings, but poor people have stolen money from each other because they do not have a great experience to get money. Rich people have great experience in business because they received from his or her family, also they study in great school and university. In addition, education is one of the greatest things to have the huge income. People who study in higher education will
“The myth of income mobility has always exceeded the reality; as a general rule, once they have reached their 30s, people do not move up and down the income ladder very much” (Krugman 389). So, Krugman explains that people in the age of 30s they did not think about change their life and even the income because they think any change will make their life really bad. Also, Krugman mentioned about education and health care at the end of his essay, people without education will not achieve any goals because these days if a person wants to live in this world should he or she have a great education to have more income. People can work with experience but will have a little income which is not helpful for them to live in the society, but maybe some people work with experience and make another work that help he or she in future, also education have a connection with healthcare because people with higher education will work in a great company and have a wonderful healthcare insurance. Agree that a big company will offer insurance for higher education people, but also some of the companies offer poor people a similar insurance but not the same benefits for people with higher