A true middle class would be represented as a large block of people in the center of the income growth chart when in fact the bulk of income is located toward the right of the chart. Income growth that is equitable would mean a chart that was relatively even across the boards or at least one that resembles a bell curve. Income disparity has tremendous implications for social justice. On a very practical level, most Americans do not and cannot wield social or political power. Ordinary employees do not make an impact on corporate decision making or on large-scale spending -- let alone how to steer political lobbying groups. Those who work hard for little pay also have little to offer their children in terms of upward social mobility. A politically disenfranchised group of working poor cannot contribute to business growth. Race and gender are also correlated with income disparity, showing that all are not created equal in the United States. Furthermore, access to quality higher education remains the domain of the rich. With greater economic power, the very wealthy also have more control...
Research has shown that "growing inequality leads to more health problems in the overall population -- a situation that can reduce workers' efficiency and increase national spending on health, diverting resources away from productive endeavors like saving and investment," (Bernasek 2006). "Asset price bubbles" are another grave consequence of increasing income disparity in the United States (Bernasek 2006). Asset price bubbles are caused by investment distortions, and misallocation of both public and private money. In the long run, income disparity hurts everyone as consumer spending drops and small businesses either cannot afford to re-invest or shut down completely.
Foster Children/Foster Care Issues of a Foster Child Child Abuse Families and Children Served through Foster Care The Policy Framework This thesis reviews foster care in the United States: the reasons why children fall into the category of children who need to be taken out of their families and placed in care, the numerous emotional and psychological responses of children in foster care, and the psychological and emotional care that is given to children that
Municipal Budget Analysis The objective of this work in writing is to assess the budget of the Municipality of Chicago, Illinois in terms of how well budget documents and auxiliary information address each of these functions. The assessment will be substantiated with examples and information from documents studied. This work will examine a variety of sources including the most recent approved budget of Chicago, Illinois. The City of Chicago 2011 budget includes
Economics - Country Analysis Country Overview and Current Events (News) Ethiopia, traditionally known as Abyssinia, is a landlocked Sub-Saharan country located at the Horn of Africa in East Africa, bordering Somalia, Kenya, Eritrea, Djibouti, Sudan, and the newly-created South Sudan. It covers approximately 1,126,829km2 of land; about the size of the state of Texas, and was, until the split of Sudan, the second-largest country in Africa. Being landlocked, Ethiopia largely relies on
Fault: An Alternative to the Current Tort-Based System in England and Wales The United Kingdom statistics regarding claims THE NATIONAL HEALTH SYSTEM OBSTACLES TO DUE PROCESS THE CASE FOR REFORM THE REGULATORY ENVIRONMENT THE RISING COST OF LITIGATION LORD WOOLF'S REFORMS MORE COST CONTROLS THE UNITED STATES PAUL'S PULLOUT THE INSURANCE INDUSTRY TORT REFORM IN AMERICA FLEEING PHYSICIANS STATISTICS FOR ERROR, INJURY AND DEATH THE CALL FOR REFORM IN 2003: A FAMILIAR REFRAIN THE UNITED STATES SITUATION, IN SUMMARY NEW ZEALAND CASE STUDIES THE SWEDISH SCHEME COMPARISON: WHICH SYSTEM IS
Origins, History of the IMF The International Monetary Fund was first conceived between July 1-22, 1944, at the United Nations Monetary and Financial Conference in Bretton Woods, New Hampshire. The conference was attended by representatives of 45 nations, which were called together in order to plan and lay the groundwork for a cooperative economic framework to solve global financial crises before they occur. One key reason for the conference was to
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now