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Monday, December 17, 2018

'“Inevitable vs. Amendable” Essay\r'

'The film â€Å" variation for All” tries to explain; what is the current status of the dissemination of wealth and that of income equality? Why this is happening and if this is a puzzle. Yes, as stated in the film, social distinction is inevitable. But, there is without a doubt a problem with United States distribution of wealth. One of the facts that really open my eyes was the fact that the 400 richest Americans, together nominate more wealth than the poorest 150 million Americans redeem together. This said, it is scary to think about how obscure was the experience we had on the one percent with given how much economic influence they have. The minimum wages vs. maturement of productivity graph is one that I prove very interesting. Why is â€Å"just” in wish well a shot’s society to be part a more productive hands that gets paid little than the workforce we had a few decades ago? The stress graph for productivity growth is rising all(prenominal) year, meaning that more work is being done. On the other hand, the minimum wages growth place were rising but after a patch they inflictm to have plateau and they have been like this for about 30 days.\r\nAdvances in globalization and applied science argon also inevitable because it is simple economic science that a product shall be produced in the cheapest carriage possible. Yes, technology does create jobs but as we see in the film companies like Amazon are also opting to operate with high tech machinery or else of the traditional assembly line. Women going to work, general workforce working for longer hours and borrowing money from the fiscal empyreans are coping mechanisms that the middle class apply to keep up with their good lifestyles, but in my opinion these are more like defensive structure mechanisms in order to survive in the cover jungle with the same wages they had 30 years ago. One other comparison that I want was how the widening inequality leads to a de ficiency bout and when the wealth is equally distributed economic stability is transfused from sector to sector creating a domino effect stellar(a) to a virtuous cycle.\r\n'

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