Please read the following article. What does the chart show? How does the US compare to other countries? Why is this happening? Is it a problem? If so, what changes would you advise to fix it? If not, why not? What are some potential problems with some of your fellow students suggestions?
6 Comments
Katey Brown
5/5/2011 01:30:08 am
I don't see an article but I would love to do this blog anyways; I need a better grade. Im not sure what the chart shows but I'm sure it has something to do with investments. The US compares to other countries probably by the things they invest in. They invest in smaller things than other countries, maybe? I don't think it's a problem because the US is fine.. I think. Some potential problems with some fellow student's suggestions are nothing because there are no student suggestions. woo!
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Henry Cakebread
5/5/2011 02:21:19 am
The chart shows that the United States is increasingly one of the most inequal countries and that there has been a lot of growth in inequality. The U.S. has the most inequality besides Mexico according to the chart. I think this is happening because of the bad economy and some people losing their jobs while others are able to continue to do well.
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Courtney Brown
5/5/2011 07:04:37 am
The United States is definitely more developed then other countries, to advanced technology and the need for highly skilled workers. Workers in the lower end jobs have lost ground, or lost their jobd. This is a big problem because there is an excess amount of workers who are unable to survive in this economy.
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Lauren
5/5/2011 03:21:09 pm
The chart in the article shows the increase of inequality, and how the rich in the past 30 years have, "done better."
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Raul Alcantar
5/5/2011 04:39:31 pm
The chart shows the growing income inequality within the countries that are listed on it. This means that the countries that are higher on the graph have a greater gap between the rich and the poor. Compared to the rest of the other countries, the US is the second country with the greatest inequality. In other words, the rich are becoming richer and the poor are becoming poorer in the US than in other countries in the Organization for Economic Cooperation and Development. There are many factors contributing to the growing inequality, but the biggest is the growing market.
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Ireri Bernal
5/5/2011 06:31:46 pm
The chart shows the increase of inequality in wages from the mid 1900's to the late 2000's. The U.S. has more of an inequality then most other countries. This is probably because we have more technological advances. raise in demand for high skilled workers versus the low skilled workers of which most of our middle class consists of , and because of our accessibility to education in turn creating more opportunities for all to get a good education and a good job with a higher salary. All of these are traits described in the article to have the most reason behind the increase in inequality of wages. I do not feel that this is a problem because the whole process of wage separation is self regulatory . There are more rich people simply because the united states is known as the land of opportunity , its where the poor get rich , this doesn't happen in many other places in the world, at least it is not easy as it is in the united states to do so. A fellow student suggested that we compromise and minimize wages, there are a multitude of reasons why this wouldn't work. This wont fix the gap, because you'd have to also take into consideration that prices for everything else would not change, you'd simply be shifting the bar downward on the chart but not minimizing the range of inequality.
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