America's Growing Inequality Crisis: What We Can Do About It

Inequality is a growing problem in America. The gap between the rich and the poor is getting wider, and it's having a negative impact on our economy and our society.

The Great Divergence: America's Growing Inequality Crisis and What We Can Do about It

by Timothy Noah

4.1 out of 5

Language	:	English
File size	:	1322 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	272 pages
Lending	:	Enabled

FREE

In 2017, the top 1% of income earners in the United States took home 20.3% of the country's income, while the bottom 50% of income earners took home just 12.5%. This is the largest gap between the rich and the poor in over 50 years.

The growing inequality gap is due to a number of factors, including:

• The decline of unions
• The rise of automation
• The globalization of the economy
• The tax cuts for the wealthy

These factors have led to a situation where the rich are getting richer and the poor are getting poorer. This is not only unfair, but it's also bad for the economy as a whole.

When the rich have more money, they tend to save it or invest it overseas. This means that less money is available for investment in the U.S. economy, which can lead to slower economic growth and fewer jobs.

In addition, inequality can lead to social unrest. When people feel that they are not being treated fairly, they are more likely to become frustrated and angry. This can lead to protests, riots, and even violence.

So, what can we do about inequality? There are a number of things that we can do, including:

• Raise the minimum wage
• Strengthen unions
• Invest in education and training
• Provide affordable housing
• Increase taxes on the wealthy

These are just a few of the things that we can do to address inequality. It will not be easy, but it is essential if we want to create a more just and equitable society.

The Great Divergence: America's Growing Inequality Crisis and What We Can Do about It

by Timothy Noah

4.1 out of 5

Language	:	English
File size	:	1322 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	272 pages
Lending	:	Enabled

FREE