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Essay / Economic inequality, the dark side of the "American dream"
The division between the rich and the poor in the United States has increased to the highest degree in more than fifty years, according to Aimee's article PicchiCBS News. The key to this problem is understanding that economic inequality is not precisely one thing. It pretty much encompasses things that are terrible, like children who have no opportunity to realize their abilities, and others that are just good. To understand economic inequality, we must redress its components. This problem is known not only in the United States, but also throughout the world. It is essential to know that income inequality is influenced by many factors such as globalization and education. Additionally, gender is also something that people often forget about and which has a huge impact on economic inequality. Say no to plagiarism. Get a tailor-made essay on “Why violent video games should not be banned”?Get the original essay Globalization has been criticized for growing economic inequality, particularly in developing countries. Globalization is an operation identified by a crucial unification of economies and cultures. This is a research shift and a shift in how businesses and communities operate. Globalization is often a moderate process whose influence on economies is less profound in nature. One of the adverse effects of globalization is that it leads to workers being laid off as jobs are outsourced. Gradually, education separates the poor from the non-poor. According to Chapter 8, “In 2013, only 5 percent of college graduates were poor, compared to 14 percent of high school graduates and 28 percent of those without a high school diploma. » People with different levels of education often receive different salaries. This is most likely linked to the level of education which often corresponds to the rank of abilities. With a high level of education, an individual in many cases has additional advanced expertise that virtually no worker can provide, resulting in a higher salary. The effects of education on economic inequality are still overwhelming in developed societies. Even though there are normally government policies of free education in developed countries, the educational qualifications obtained by each person still vary, not due to financial means but to intuitive characteristics such as intellect, motivation and the potential. Additionally, getting the same degree of education does not mean getting the same level of schooling. Consequently, it appears that, whatever the capacity of the social administration of a country to intercept the refusal of education caused by economic tensions, in terms of level and quality, it nevertheless contributes to an important part in economic inequality. and in poor countries, gender inequality leads to bias in the economy, public affairs and access to medical care. For example, in the United States, women's full-time central income is 77 percent of men's. However, women who work part-time earn more on average than men. Additionally, among people who never marry or have children, women earn more than men. According to Chapter 8, “an estimated 70 percent of the world’s poor are women.” Overall, women are rewarded less than men for the same work. One thing we do know is that gender plays a role in wage differences and, therefore, recent inequality.