Essay On Inequality In America

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The idea of economic opportunity and the prospect of upward mobility has dominated much of American economic discourse, particularly since the Second World War. Though levels of inequality in America have varied, a consistent rise inequality over the past three decades has attracted much debate, with many pointing to globalisation as the cause of rising inequality. However, current levels of inequality are not merely an inevitable consequence of globalisation. Instead, the complex network of trade, technology and globalisation merely adds to pre-existing government policy failures and the inability to create institutional frameworks that reduce inequality instead of facilitating it. Acknowledging such intertwined causes of inequality, the essay will first examine the complex network of trade, technology and globalisation that promotes inequality. Subsequently, an analysis of government policies and institutional frameworks will be undertaken to explain how deregulation, deunionisation, and regressive tax policies nurture labour market disparities, thereby leading to rising levels of inequality in America. The forces of technology have facilitated globalisation which has helped exacerbate the gap between socio-economic groups in …show more content…
Through an analysis of the intertwined nature of American inequality, it becomes evident that inequality does merely stem from the process of globalisation. Rather, inequality in America is a consequence of a complex combination of globalisation exacerbated by technological changes, inequitable government policies and the rising influence of corporate institutions. Inequitable government policies and the rising influence of corporate institutions allows the deregulation and deunionisation of the American workforce, while regressive tax policies nurture labour market disparities, thereby leading to rising levels of inequality in

Essay On Inequality In America

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