“Inevitable vs. Amendable” Essay

The film Inequality for All tries to explain what is the current status of the dissemination of wealth and that of income equality? Why this is happening and if this is a problem. Yes, as stated in the film, social contrast is inevitable. But, there is without a doubt a problem with United States distribution of wealth. One of the facts that really overt my eyes was the fact that the 400 richest Americans, together hold more wealth than the poorest 150 million Americans energize together. This said, it is scary to think about how obscure was the knowledge we had on the one percent with given how overmuch economic influence they have. The minimum wages vs. growth of productivity graph is one that I free-base very interesting. Why is just in todays society to be part a more productive work force that gets paid less than the workforce we had a few decades ago? The line of business graph for productivity growth is rising every year, meaning that more work is being done. On the othe r hand, the minimum wages growth rates were rising but after a sequence they seem to have plateau and they have been like this for about 30 eld.Advances in globalization and engineering science are also inevitable because it is simple economics that a product shall be produced in the cheapest port possible. Yes, technology does create jobs but as we see in the film companies like Amazon are also opting to operate with high tech machinery instead of the traditional assembly line. Women going to work, general workforce working for longer hours and borrowing money from the financial sectors are coping mechanisms that the middle class employ to keep up with their good lifestyles, but in my opinion these are more like self-abnegation mechanisms in order to survive in the concrete jungle with the same wages they had 30 years ago. One other comparison that I liked was how the widening inequality leads to a deficiency round of golf and when the wealth is equally distributed economic stability is transfused from sector to sector creating a domino effect wind to a virtuous cycle.