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2006-11-05 12:57:47 · 5 answers · asked by s0ciology 1 in Social Science Economics

5 answers

The share of GDP that is payed to all except the top 1% of workers has been declining for the last 30 years. see graph at

http://www.visualizingeconomics.com/2006/10/17/share-of-gdp-99th-95th-90th/

and most of the inflation adjust increase in household incomes have come from increasing the number of people who work in the household

http://www.visualizingeconomics.com/2006/10/29/income-by-number-of-earners/

As a result there is a growing resentment of immigrants, demands for trade restrictions, and a general discontent. Unless people feel they have a stake in growth, this resentment will continue to grow and undermine our country.

2006-11-06 14:14:14 · answer #1 · answered by meg 7 · 0 0

No, I dont feel it is satisfactory at all! All jobs in society are important, and should all be paid a decent salary in which we can live comfortably and have adequet health care. It is not fair for some to have and acquire it all, and others to be worrying about where their next meal is coming from, and I mean some of these people are working 60 hour work weeks too!! Some of us have jobs we are trained for even though its not 4 years of college, still our jobs are stressful, and tiring, and we deserve a decent pay check! There are people out there that just never had the opportunity in life for college, and work hard at a job every day, and can just barely make it. I really feel sorry for them and they cant even get care or medication when they are ill. If you are born rich, you and your family will get good education, but I know of people out there that just never had a chance to pay for their education, and never will, but they do work very hard, and only make it from pay check to pay check. I think America should have health care for all, and increase minimum wage, after all everything else has gone up over the years!!! Also, there are other countries out there, that pay for higher education for their citizens! Wouldnt that be great?

2006-11-05 21:23:40 · answer #2 · answered by autumn wolf 4 · 0 1

No it is not satisfactory. It is increasinlgy seen in U.S. as well as Canada that their is a widening gap between the poor and the rich. The middle class category is becoming non-existant. This is due to a variety of factors such as higher taxes which means more families struggle when trying to pay them.

2006-11-05 21:17:52 · answer #3 · answered by Rakesh S 1 · 0 2

The great thing about the US is that for the most part, wealth is not distributed.
It is earned.
Of course, people do not like that fact that it is earned (they will make every excuse known to man), so they will change it and eventually we can all be poor together. I can't wait.

.

2006-11-05 21:24:46 · answer #4 · answered by Zak 5 · 0 0

That would depend on who you're talking to:
Bill Gates would say "yes"
That guy panhandling at the freeway on-ramp would say "no"

2006-11-05 21:00:39 · answer #5 · answered by LiveLifeBeGood 2 · 1 1

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