Essays on Income Inequality

Income inequality in the United States has grown in recent decade and is now higher than in any other developed nation, with less class mobility than almost all other developed countries, and even some developing countries such as India and Russia. Income inequality is largely driven by the massive wage gap between the highest income…

Trade liberation can affect wealth distribution in many ways. On the one hand, based on Heckscher–Ohlin model greater openness should increase the relative demand and the prices for unskilled labor and lead to a more equal distribution of wages in the low-skilled-labor abundant countries (Stolper–Samuelson theorem). On the other hand, competitiveness from trade openness may…

Wealthy social orders with productive wellbeing frameworks, may be fruitful in getting their citizens to remain at domestic, work viably and may be able to dodge unemployment emergency for those at require, whereas not much moved forward societies are in an extraordinary havoc. The number of persons who passed away is rising so quickly and…

This comparative politics literature review aims to analyze, examine, and report the relationships between social policy programs and income inequality, in particular, looking at whether or not income inequality is a choice or not. According to our textbook, Ch. 35 focuses heavily on the discussion of welfare states, reducing poverty, and social policy expenditure. What…

Indonesia’s government inherited a trade from colonial rulers. Indonesia’s trade policies have shifted over the last three decades. After independence in 1945, Indonesia joined GATT in 1950. Then, the history of Indonesia’s economy starts in the 1960s. Indonesia suffered an economic crisis during the early 1960s, which budget deficits increase and annual inflation reached 640…

Brazil is the largest country in South America, and its total population is 221,209,709 as of 2018 (World Population Review, 2018). Throughout Brazil’s history, the population growth has been increasing rapidly and, in the last six years, it has grown significantly at a rate of 1.26%. The most densely populated region is the Southeast anchored…

This decision can be viewed as beneficial to the company’s business at a corporate level, but it is at the same time, violating the Corporate Social Responsibility regulations. By outsourcing manufacturing, UT is reducing their labor costs and improving the productivity which increases profitability and margins. When manufacturing in Indianapolis, the wages per worker was…

The top 1% of families in the United States made more than 25 times what families in the bottom 99% did. This is merely just a fact of income inequality but what we should examine is the way the income is distributed amongst a household. Income inequality is the unequal distribution of the economy’s total…

It is commonly said, by those who it does not affect, that income inequality is either unimportant in the grand scheme of things, not a big deal, or nonexistent. These beliefs are often brought up in politically driven arguments more times than not and can become emotionally driven. However, you remove all emotions from the…

Nicholas Kristof is a seasoned columnist for the New York Times (NYT) and a two time Pulitzer prize winner. His main focus areas are, “human rights, women’s rights, health, and global affairs”(Kristof). In “America’s Stacked Deck,” an opinion piece on the inequality problem in America, Kristof urges dedicated readers of the NYT to consider solutions…