Income Inequality Essay Example

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Income Inequality in the U.S.

Income Inequality Essay: Introduction

This paper examines three causes of the documented rise in income inequality in the U.S. It does that by using published data. The main focus of this paper is to give readers information about the causes of income inequality. The explanations used in this paper are based on scientific research. These causes are introduced, defined, and explained in subtitles. It can be seen throughout the article that the focus is not on finding solutions to income inequality in the U.S. It instead focuses on exploring and explaining causes in income inequality in the U.S. The reader who is interested in more detailed discussions of income inequality causes, can use works cited section and find scientific information and studies as well as subjective ideas. It also includes an interview about one of the causes of income inequality in the U.S. When the data in this paper is analyzed, it is clear that the cost of health is the primary cause of income inequality in the U.S.

Cause 1: Health Costs

Everyone agrees that an increase in workers' income not just improves their living conditions, but their health status as well. In some research, however, it was observed that income inequality, not poverty itself, decreases the health conditions of people in general (Cowell 2009). This inequality statement takes everyone in the account and assumes that health risks are dependent on whether a society is stratified or egalitarian. In other words, wealthy individuals suffer from income inequality as much as low-income groups (Keeley 2015). This claim covers a wide range of topics, and it is complicated. It exceeds the modern welfare consensus. Current policies on national health, support the idea that is sharing supplies among society's different classes enhance national health. In contrast, the income inequality statement claims that by making the income levels equal, the national health can be improved.

Cause 2: Globalization

"Globalisation" means different things to different people. But in the context of income inequality, it's economic globalization that matters. Globalization has so many impacts on the economy, and it is among the causes of income inequality. The world economy became interconnected with new technologies, information, trade, and investments. As it happened before, technology keeps destroying some traditional jobs and producing modern ones (Kelly 2011). This makes the high-skilled employees more wanted and the low-skilled employees redundant. It also affects the worker vs. capital balance by giving the more significant part of the earnings to the shareholders. The big percentage of this money is being distributed between entrepreneurs and employees get a small percentage. Globalization causes income inequalities but not as much as the health costs (Phillips 2003). Health costs affect the income of the individuals almost instantly, but globalization shows its effects in decades.

Cause 3: Changing Business World

The modern jobs are becoming popular. Since 1990, being bigger than 50%, the advanced jobs being created in OECD countries are not similar to traditional ones. It presents an excellent opportunity for some workers but disadvantages to others. Its popularity and growth impact income inequality in numerous ways. For example, wages and conditions are better in these latest jobs, and this is a big concern for income inequality. Traditional workers take place at the bottom of this new concept, and they get lower wages. They also do not work full-time due to their lack of skills, and this causes lower incomes and less stability. These employees are called preciat due to their inadequate standards (Slottje 1989). The changing world of work creates income inequalities. However, medical costs have a more significant impact than new jobs because employees spend an essential part of their earnings directly to health costs.

Interview

In an interview that I made with my friends (Güneş & Karakaş) about the health costs in the U.S., I asked several questions. I told them that what I want to learn is the health costs and it's effects on income inequality. They replied by telling stories about this situation. According to their personal experiences, their American friends are complaining about the high cost of the ambulance. They don't call the ambulance even when they are injured or got sick (Parry 2018). They said that in an incident, their friend got injured while riding a bicycle. An ambulance took him to the hospital, but after that, their friend paid 3000 USD for the expenses. They also said that there is a saying which is well-known among the U.S. citizens, and this saying is, do not call the ambulance even if you die.

Income Inequality Essay: Conclusion

This paper examined three causes of the documented rise in income inequality in the U.S. It did that by using published data. The main focus of this paper was to give readers information about the causes of income inequality. The explanations used in this paper were based on scientific research. These causes were introduced, defined, and explained in subtitles. It was evident throughout the article that the focus of this book was not on finding solutions to income inequality in the U.S. It instead focused on exploring and explaining causes in income inequality in the U.S. The reader who is interested in more detailed discussions of income inequality causes, can find scientific information and studies, as well as subjective ideas in works, cited section. It also included an interview about one of the causes of income inequality in the U.S. When the data in this paper is analyzed, it is clear that the cost of health is the primary cause of income inequality in the U.S.

References

Cowell, Frank A. Inequality, Welfare and Income Distribution ; Experimental Approaches. Emerald Group Publishing Limited, 2009.

Keeley, Brian. Income Inequality: the Gap between Rich and Poor. OECD Publishing, 2015.

Parry, Hannah. "Injured Woman Begged People NOT to Call an Ambulance Because of It Was Too Expensive." Daily Mail Online, Associated Newspapers, 6 July 2018, www.dailymail.co.uk/news/article-5923347/Injured-woman-begged-people-NOT-call-ambulance-expensive.html.

Personal Interview. Tuna Güneş. Turgut Karakaş.

Phillips, Susan P. Income, Income Inequality, and Health. National Library of Canada = Bibliothèque Nationale Du Canada, 2003.

Slottje, Daniel Jonathan. The Structure of Earnings and the Measurement of Income Inequality in the U.S. New York, 1989.

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