Poverty is a problem the government has been trying to fix. Education also helps for a better and more efficient work force.
But with different fiscal policies and programs we should be able to tolerate the necessary functions of a strong economy.
Routine production jobs that were often large employers of unionized workers moved to where labor was cheaper, this directly affected the number of workers that belonged to unions and the number of supervisory personnel necessary for the smaller work force that remained in this country.
In the article found on LBO, most of the boom years have been devoted to recovering the income losses of the early s. This is what makes competition work and the person who can best serve the consumer, will profit most and as a result becomes rich.
Reich placed most of the workers that contributed to the economy during the Nixon administration as being in one boat, analogous to the famous quote by G.
An article by Martin Hattersley says that one in five children in the U. In the past couple of years after the stock market fell into a slump the country has been in a slight recession.
The increase in income inequality has resulted from a number of factors, including both economic trends and government policy. It should not be that difficult for one to further their education for bettering one self.
The government provides education and many ways for students who are willing to acquire a degree. This means the gap between the rich and poor has broaden throughout the years.
While everybody is happier when the rate of inflation is low and when the economy is growing and everyone is getting better off. The new economy has many college graduates, professionals, and specialists that have obtained greater pay increases than low-skill groups, because of the higher education.
People with a higher education statistically will make more money.
The cause of the recession was the collapse of the stock market. How do we fix the problem in this new economy with falling poverty? Order now Robert B. Does how much your neighbor makes matter, it should be a question of self interest of an individual the drive of making more money and living a comfortable life.
Another problem is the cost of interest, tax and rent which have made the difference between being rich and poor in the world that we live in. Their motive was to maximize profits for their shareholders by seeking the most advantageous arrangements to produce their products, or to streamline their operations.
To which boat one found his or her self was directly related to how they fit in to requirements of changing corporations. Is the inequality on incomes the government problem or is it the problem for one self?Essay on Why the Rich Get Richer, While the Poor Get Poorer; The report of Robert Reich: “Why the Rich are getting Richer and the Poor, Poorer,” is an eye opener and a warning for society regarding unemployment that it will be facing and is currently facing due to a lack of technology and education.
More about Essay on Why the Rich. Rich get Richer and Poor get Poorer Essay Sample. In today’s world people want to be healthy, happy and well educated and most want to own some type of capital. In Reich's essay, "Why the Rich Are getting Richer and the Poor, Poorer" he uses a metaphor to describe poverty.
He uses a boat rising and sinking with the tide to describe how the rich are getting richer and the poor, poorer.3/5(5). Robert B. Reich, Why the Rich Are Getting Richer and the Poor, Poorer Reich starts his exordium with a distribution of where American workers found themselves in the early ’s in reference to where almost all American workers were just 20 years before.
In the essay Why the Rich Are Getting Richer and the Poor, Poorer by Robert Reich he explains to us the developing gap between the upper, middle, and lower/5(1). A certain economist, Joseph Reich, discusses the causes and effects of this uneven distribution of wealth in America as early as in his essay “Why the Rich are Getting Richer and the Poor, Poorer.”.Download