July 10, 2013
Rough Draft/ Research Paper
Karen Case/Race, Class, Gender, Eth. Summer 2013
Causes of Economic Inequality and Its Effect on Social Class
The issue of economic inequality amongst social classes has been a hot button issue in the United States for decades. These classes can be broken down into three groups; the lower class, the middle class and the upper class. Lower and middle class citizens spend their lives chasing stability while upper class citizens maintain a life of luxury. According to the CA Magazine article “Inequality and growth”, it states that the richest of the upper class represent one percent of our population and control over one fifth of our countries earnings, making more than the forty percent of the lower classes earnings combined. According to Ryscavage, this is the largest gap in income between classes since just before the Great Depression in the early 1920’s.(pg.50-54) Marcel Cote, a strategic adviser from Montreal says, “compensation increases awarded to business executives, and salaries paid to top athletes and pop stars, have contributed to inequality at the top end of the income scale.” According to a Pew study released in 2012 listed in the article by Marcel Cote, “wealth inequality has become America’s worst source of tension, causing more distress than race, immigration, age or other social problems.” Some causes of economic inequality are individual behavior within education, technological change/advancements and the pressing issue taxes /welfare. The main question is how does Economic Inequality affect social class?
The single most important factor when determining which social class a person will end up in is the amount and quality of education that a person receives; the schools and universities which these people attend. The environment a person grows up in directly correlates to their ability to maintain a quality education. According to Amy L. Wax, factors such as housing, nutrition,...