Surname1
Student’s Name
Instructor’s Name
Course
Date
Economic Inequality
In the current era of globalization and technological advancement, members of society carry out
diverse economic activities to earn their livelihood. Diversity of such economic activities
compound with other community dynamics, such as level of education, to yield disparities in
income distribution. The unequal distribution of income and opportunities between different
groups of people in a society is observed to limit economic growth at a national level. In the
quest to impacts of income and wealth inequality on development, the documentary “Inequality
for All” examines the widening gap between the rich and the poor in the United States. Due to
the prevailing variability of economic activities and demographic factors in the United States,
inequality of income and wealth is inevitable. The documentary, therefore answers the question
regarding income and wealth inequality in society by identifying the point at which such
inequalities gain intensity to pose serious threats to the economy and democracy. Inequality is
catalyzed by faults in contemporary economic policies and poses a threat to equity, purchasing
power, and democracy in an economy.
The coursetext book also addresses income and wealth inequality by discussing how
various monetary, economic and fiscal policies influence the level of inequality in the society. In
the attempt to motivate sustainable economic development, economists came up with various
policies whose application caused a direct impact on income and wealth distribution. For
example, economic neoliberalism advocates for a free market and minimum barrier to the flow
This study source was downloaded by 100000856941565 from CourseHero.com on 11-12-2022 16:34:53 GMT -
https://www.coursehero.com/file/100227378/12335-Economic-Inequality-
, Surname2
of goods, services, and capital (Jacobs, David & Lindsey 752). The economic policy promotes a
free system aimed at motivating economic prosperity. However, as the policy advocates for
minimum barriers to the flow of goods, services, and capital, it indirectly influences relative
inequality. Moreover, the course textbook identifies various measures that economists may adopt
to reduce income and wealth inequality an economy. By identifying the causes, impacts and
remedies to income and wealth inequality in society, the course textbook addresses the research
question.
As businesses strive to minimize economic barriers to trade, they reduce the number of
wages paid to workers to preserve their profit margins. As a result, low wages, as well as
inadequate employment, increases the economic discrepancy between the rich and the poor. As
Robert Reich asserts, the gap continues to widen in the recovery upon adoption of various
economic strategies. For example, at the end of the great recession in 2007, economists adopted
various fiscal policies to revive the American economy (Reich). Such policies brought about
adverse effects on inequality in the economy. The following graph shows trends in America's
This study source was downloaded by 100000856941565 from CourseHero.com on 11-12-2022 16:34:53 GMT -
https://www.coursehero.com/file/100227378/12335-Economic-Inequality-
Student’s Name
Instructor’s Name
Course
Date
Economic Inequality
In the current era of globalization and technological advancement, members of society carry out
diverse economic activities to earn their livelihood. Diversity of such economic activities
compound with other community dynamics, such as level of education, to yield disparities in
income distribution. The unequal distribution of income and opportunities between different
groups of people in a society is observed to limit economic growth at a national level. In the
quest to impacts of income and wealth inequality on development, the documentary “Inequality
for All” examines the widening gap between the rich and the poor in the United States. Due to
the prevailing variability of economic activities and demographic factors in the United States,
inequality of income and wealth is inevitable. The documentary, therefore answers the question
regarding income and wealth inequality in society by identifying the point at which such
inequalities gain intensity to pose serious threats to the economy and democracy. Inequality is
catalyzed by faults in contemporary economic policies and poses a threat to equity, purchasing
power, and democracy in an economy.
The coursetext book also addresses income and wealth inequality by discussing how
various monetary, economic and fiscal policies influence the level of inequality in the society. In
the attempt to motivate sustainable economic development, economists came up with various
policies whose application caused a direct impact on income and wealth distribution. For
example, economic neoliberalism advocates for a free market and minimum barrier to the flow
This study source was downloaded by 100000856941565 from CourseHero.com on 11-12-2022 16:34:53 GMT -
https://www.coursehero.com/file/100227378/12335-Economic-Inequality-
, Surname2
of goods, services, and capital (Jacobs, David & Lindsey 752). The economic policy promotes a
free system aimed at motivating economic prosperity. However, as the policy advocates for
minimum barriers to the flow of goods, services, and capital, it indirectly influences relative
inequality. Moreover, the course textbook identifies various measures that economists may adopt
to reduce income and wealth inequality an economy. By identifying the causes, impacts and
remedies to income and wealth inequality in society, the course textbook addresses the research
question.
As businesses strive to minimize economic barriers to trade, they reduce the number of
wages paid to workers to preserve their profit margins. As a result, low wages, as well as
inadequate employment, increases the economic discrepancy between the rich and the poor. As
Robert Reich asserts, the gap continues to widen in the recovery upon adoption of various
economic strategies. For example, at the end of the great recession in 2007, economists adopted
various fiscal policies to revive the American economy (Reich). Such policies brought about
adverse effects on inequality in the economy. The following graph shows trends in America's
This study source was downloaded by 100000856941565 from CourseHero.com on 11-12-2022 16:34:53 GMT -
https://www.coursehero.com/file/100227378/12335-Economic-Inequality-
