Income Inequality
Essays

Income Inequality in the American Economy

Conclusion The income gap in the United States is enormous and still growing. The extreme imbalance of this self-perpetuating gap cannot be sustained indefinitely, however, and eventually the system will undergo a radical change. Whether this happens through planning and policy or a more disastrous collapse depends on the foresight of the wealthy.

Even though the United States has a serious economic problem right now, most people seem to believe that it should continue to operate as a free market economy system. Letting the government take over Fannie Mae and…

Studies of the labor market have long struggled to explain the relationship between supply and demand in the labor market with the income or wage levels the labor market offers. The volatility in both of these areas—that is, volatility both in the demand for labor and in wages—has made it all but impossible for an adequate model to be designed that effectively predicts or explains income based on demand in the labor market;

Dwight Lee (2002) argues that income redistribution in the United States has generally been inefficient, and may possibly even be ineffective as well. His argument neither supports nor refutes the idea of income…

How serious is the issue of income inequality in the United States? This paper delves into the factual data surrounding this issue, including polling numbers taken by Gallup and the positions taken by Democrats and…

Social and income stratification in the United States has been a very real phenomenon over most of the history of the United States but the laser-like focus on the subject over the last couple of generations has…