discuss inequality in the distribution of income and wealth in the United States. |Quick homework help

Posted: February 15th, 2023

Income Growth for Whom?

Purpose:

This assignment is designed for students to critically think and discuss inequality in the distribution of income and wealth in the United States.

Task:

1. First, students will view the following the clip: Wealthy Inequality in America; if you are not able to access the clip using the following link: https://www.youtube.com/watch?v=QPKKQnijnsM&t=24s

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2. Students will need to review the following chart and read the information below in order to respond to the discussion questions

The graph illustrates from 1949-1969 income for the bottom 90 percent experienced significant growth, while income for the top 10% experienced slow growth.  However, starting in 1970s and continuing income for the top 10% experienced significant growth, while the bottom 90 did not experience income growth and experience income loss.   Graph is from 1949 to 2012.

 

Debunking Society’s Myths

Myths:

Anyone who works hard enough in the United States can get ahead.

Sociological Research:

There are periods in society when some groups are able to move ahead.  As examples, the Black middle class expanded following changes in civil rights laws in the 1960s; the White middle class also grew in the post–World War II period as the result of such things as GI benefits for returning vets and government support for home ownership.  However, although there are exceptions, most people do not change their social class position from that in which they were born.  As the graph indicates, at times groups may even fall further behind as the result of conditions in society (Piketty 2014; Noah 2013).

In order for sociologists to extend research to the whole of society (macro-level) we do not look at individual cases in society.  For example, we all know of people who have been able to move from one social class to another social class, but this is not the norm, according to sociological research.  As stated above most people tend to stay in the same social class they are were born into.  In U.S. society, we do not have this significant upward social mobility from working class to upper middle class–this is extremely rare.

Questions:

Next, students will respond to the following discussion questions using subheadings:

Trends (use this subheading)

In this section you will discuss the trends shown in the graph and in the video clip.

You need to address the describe two (2) important elements from the data presented on the graph/chart. Each of the elements should be discussed briefly. When identifying the trends make sure to information from the graph/chart, video, the short reading “ Debunking Society’s Myth”, and the course material to support your response.

 

The response should be 4 to 6 sentences and students should in-text citations when discussing the trends from the graph and film. The in-text citation for the graph/chart is: Tcherneva, Pavlina R. 2014. Growth For Whom? Levy Economics Institute of Bard College. Retrieved April 1, 2015. The in-text citation for the video is: https://www.youtube.com/watch?v=QPKKQnijnsM&t=24s

 

Personal Trouble (use this subheading)

In this section you will define the term personal trouble. When defining the term make sure to use an in-text citation (the best source is your textbook and/or your notes). You will then need to identify a personal trouble that can be caused by the trends shown from the graph/chart and the video. This area should also be 4 to 6 sentences, if you use more sentences that is fine.

 

Social Issue (use this subheading)

In this section you will define the term social issue. When defining the term make sure to use an in-text citation (the best source is your textbook and/or your notes). You will then need to identify a social issue that can be caused by the trends shown in the graph/chart and the video. This area should also be 4 to 6 sentences, if you use more sentences that is fine. Remember when identifying a social issue, it is good to connect it to the larger structure in society.

 

Opportunities/Concern (use this subheading)

In this section you will need to critically think about what these trends mean for them. How do these trends potentially affect opportunities for people? Think about your background in terms of social class and your life chances. A strong response would define life chances (the best source is your textbook and/or your notes) and discuss how your life chances impact your life choices.

 

Recommendations (use this subheading)

In this section you will discuss three (3) recommendations that can potentially reverse the trends within the graph/chart and video. Remember to move beyond the individual, as the trends effect a significant number of people in society.

 

Criteria for Success:

1. Respond to all questions in complete sentences.

2. Use the subheadings listed.

3. Complete assignment by the due date.

4. Review the Grading Rubric for the assignment.

5. Submit the assignment using the following steps:

· Save assignment as word document file (either on your computer or thumb drive) please do not use pages format–as I cannot access this format

· Go to Browse My Computer–after you have open this find your saved file

· Upload the file

· Once you have uploaded your file you will need to click submit in order to submit the assignment.

 

SOLUTION

In recent years, income and wealth inequality has become an increasingly pressing issue in the United States. The gap between the rich and poor in the US has been widening, with the top 1% of households holding more wealth than the bottom 90%. Here are some key points to consider:

  1. Income inequality: According to data from the US Census Bureau, the top 20% of households earn more than half of all income in the country, while the bottom 20% earn just 3.1% of all income. The median household income in the US is around $68,000, but this varies widely by region, education level, and other factors.
  2. Wealth inequality: Wealth is even more concentrated than income, with the top 1% of households holding more than 15 times the wealth of the bottom 50%. Wealth inequality has been increasing in the US for several decades, and is driven in part by factors such as rising stock prices and real estate values, which benefit those who already own assets.

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