Income inequality metrics

we strive to become one, there are puzzle pieces that will always come together to remind us that we are not. The gap between the upper-income brackets and the middle-income brackets are as far apart as ever. The Pew Research report shows us, “In 2013, the median wealth of the nation’s upper-income families ($639,400) was nearly seven times the median wealth of middle-income families ($96,500), the widest wealth gap seen in 30 years when the Federal Reserve began collecting these data.” (2 of 4). It greatly affects the people. Instead of living each and every day to its fullest, days spent working tiresome hours just to make ends meet. Then, in some cases, not even meeting those needs. People are struggling and it…

Income Inequality in America Holding the seventh spot among all nations, America is one of the richest, and most diverse countries in the world, with a per capita of $51,248.21 as of 2013. Although being among the wealthiest nations, America still faces a huge significant problem of income inequality, which is considered one of the biggest problems facing its citizens. The nation is more likely to be ruled by richest one percent over the coming decades, as indicated by various expert…

It will be calculated by the budgeted hours against the actual time taken to perform a given task. This will look at the team productivity and efficiency. Through using this metric therefore, the provide a greater insight which will help the new company to make better decisions in hiring new staff for example the assistant principal. The assessment of the metric will be through tracking the job done by each employee per year. The performance will therefore be assessed through conducting team…

trillion each year due to criminal activities (Anderson , 2006). Despite the measures that have been put in place to combat the vice, not much have been achieved, and the level of crime is still soaring higher. It is, therefore, important to first understand the underlying factors that could then provide a road map to end the crime. In this paper, the link between income inequality and criminal cases will be explained, using evidence from various sources such as the administrative data. The…

This essay will assess the effect of interdependence on global security. In an ever more connected world, it is important to understand the effect further interdependence will have on security issues. Interdependence makes states, and individuals less secure in regards to economics, inequality, border security, and leads to rising threats of rebellion. To adequately defend this thesis, one must first accurately define security in the context of this essay. It will then be shown that…

is the American Dream really still accessible in today’s societies? In the article, “Confronting Inequality” by Paul Krugman, the author claims that the American Dream is no longer obtainable for most Americans due to the extreme levels of income inequality. The belief of protecting people’s rights to improve their own way of life is the best way to ensure national progress and Krugman believes that the wealth is concentrated heavily on the upper class, making it almost nearly impossible for the…

What causes income inequality has always been a very challenging question. In fact, education has been argued to be one of the leading factor influencing income inequality. Though, most researchers agree on the importance of education as a reason, still some theoretical studies question it. Earlier work from Ram (1989) shows, education is closely related to income distribution in advanced developed countries. Becker and Chiswick (1996) (using panel sets in the United States) suggest a positive…

our hierarchical class structure by the income brackets individuals reside in. These brackets rank the poorest poor to the most elite. The basis of the levels is on income, wealth, education, and occupation. The sections of a pyramid sort the classes into their group, with the majority of the population concentrated towards the lower levels. Political and economic power is fixated in the smallest socioeconomic bracket occupied by America’s wealthiest and most prestigious. This paper will outline…

Inequality is increasingly at the forefront of public debate. After seven years, global economies today continue to struggle for recovery from the 2007-2009 Great Recession. Rising inequality is not a new issue, yet the subject and its distribution has been continuously marginalized in the field of mainstream economics. Perhaps it is due to inconsistent views of what economic inequality is, its level of economic consequences, and when inequality becomes unjustified. As a famous economic…

are alike in their GINI coefficients. The GINI Coefficient is an objective score given to rate a country’s income distribution, with 0 being perfect equality and 100 being perfect inequality. China’s score was at a low 29.9 and Russia at an even lower 23.8 in the 1980’s, when the two communist governments still held a tight grip over distribution of income. Recently, China scored at 42.1 and Russia at 40.9. These score are relatively high with respect to advanced democracies such as Canada,…